Are Manchester Utd's Glazer Brothers Among Nine Bidders for RCB?
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Key Takeaways
New Delhi, Feb 7 (NationPress) — The reigning champions of the Women's Premier League and Indian Premier League (IPL), Royal Challengers Bengaluru (RCB), have allegedly attracted interest from nine bidders, including a staggering USD 1.8 billion proposal from the Glazer family, known for their ownership of the famed Manchester United football club in the English Premier League.
Lalit Modi, the former IPL chief, confirmed to IANS on Saturday that the Glazers' bid has reached USD 1.75 billion.
"I believe this valuation is based on the current scenario of 74 games rather than 94 games, which I anticipate will become the norm as the IPL was initially designed to feature a full home-and-away format. Furthermore, this will reinforce the revenue for the Board of Control for Cricket in India (BCCI), especially during a time when the board’s central revenues are facing immense pressure—primarily due to a potential decline of 50–60 percent in the share of International Cricket Council revenue, alongside an expected drop in bilateral rights revenue by at least 50 percent.
“However, the IPL is set to compensate for those setbacks. The upcoming cycle for IPL media rights, which will be resolved in the next year, is likely to see values at least doubled. I have no doubts about that," Modi stated.
“As cricket moves deeper into the World Cup cycle, the frequency of bilateral and ICC matches will unavoidably decrease due to heightened player workloads and scheduling pressures. Concurrently, the revenue from domestic leagues will incentivize more players to prioritize these competitions. This shift is inevitable and should prompt cricket boards globally to recognize the significant challenges ahead.
“Currently, the only board poised to truly gain is the BCCI. Cricket is beloved in India—but Indian cricket is cherished the most,” Modi remarked.
The nine parties have presented non-binding offers ranging from USD 1 billion to USD 1.8 billion, indicating notable interest, as reported by the State of Play. The Glazers’ proposal places them among the top contenders for the franchise.
The report indicates that these bids are non-obligatory and do not guarantee a transaction at the specified amounts. RCB plans to refine its options to a shortlist by next week and will then invite binding offers from shortlisted parties.
Recently, pharmaceutical magnate Adar Poonawalla expressed his intent to submit a 'strong and competitive' bid for RCB.
"In the upcoming months, we will be making a STRONG and COMPETITIVE bid for RCB, recognized as one of the leading teams in the IPL," Poonawalla, the CEO of Pune-based Serum Institute of India and Chairman of Poonawalla Fincorp, stated on his official X handle.
Based in London, Diageo, the parent company of United Spirits Ltd, initiated the sale of the team in November of the previous year, with the team valued at around USD 105 million. This decision gained momentum following a tragic incident during RCB's IPL victory celebrations outside the M Chinnaswamy Stadium in June 2025 that resulted in the deaths of 11 fans.