IPL’s business value rockets to $20bn as India cricket league soars

strong appeal to major investors and the premium value placed on its established teams. In March, a consortium consisting of Blackstone, Bolt Ventures, Aditya Birla Group, and Times of India Group agreed to buy the Royal Challengers Bengaluru franchise for a league-record $1.78 billion. Later, in May, the Mittal family and Adar Poonawalla reached an agreement to purchase the Rajasthan Royals