in5points
SportsHindustan Times

Private equity is coming for the Indian Premier League

in5points

  1. The Indian Premier League (IPL) is attracting private equity investment due to its profitability.

  2. Blackstone and Bolt Ventures acquired the Royal Challengers Bengaluru for $1.8bn in March.

  3. Temasek is seeking to buy a team, and KKR is also interested in investing.

  4. CVC sold a two-thirds stake in the Gujarat Titans to an Indian conglomerate for a large profit.

  5. The IPL is valued at over $20bn, with revenue from media rights and a large audience including many women.

4h ago · original ↗