Bumper IPL takeovers boost T20 cricket franchise league’s value to over $20bnRoyal Challenger Bengaluru changed hands for a record sum in the IPLMultiple blockbuster team sales have boosted the Indian Premier League’s business value to more than $20bn, according to a new report by global investment bank Houlihan Lokey. The IPL’s value has increased more than 11 per cent year-on-year to $20.6bn following the takeovers of franchises Royal Challengers Bengaluru for a record $1.78bn and Rajasthan Royals for $1.65bn, the report said. The leading T20 cricket league’s brand value increased 10.3 per cent to $4.3bn, up more than $1.1bn since 2023, it added. “Franchise valuations have reached new highs, private capital participation has accelerated, and the league’s commercial ecosystem continues to diversify.” Royal Challengers Bengaluru and Rajasthan Royals salesRoyal Challengers Bengaluru were acquired by a consortium that included Blackstone, Bolt Ventures, Aditya Birla Group, and the Times of India Group, while Rajasthan Royals were bought by the Mittal family and billionaire Adar Poonawalla.