Manchester United’s majority owners, the Glazer family, are bidding for both Royal Challengers Bengaluru and Rajasthan Royals franchises, having previously failed to secure IPL expansion teams in 2021
The Glazer family are once more attempting to acquire an Indian Premier League (IPL) franchise, with both Royal Challengers Bengaluru and the Rajasthan Royals under consideration. The Glazers already own one T20 team and are now reportedly pursuing considerably larger opportunities.
Avram Glazer is amongst the owners of Manchester United and NFL frachise Tampa Bay Buccaneers, whilst also holding a commercial stake in cricket.
Through his firm Lancer Capital, Glazer owns Desert Vipers, one of the teams in the UAE’s ILT20 competition, and has been eager to enter the market in India for several years.
His attempt to secure one of the two IPL expansion franchises, which eventually became Lucknow Super Giants and Gujarat Titans, proved unsuccessful back in 2021.
However, the United owners remain determined and are now pursuing both RCB and Rajasthan.
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According to State of Play, the Glazers have tabled an offer of approximately $1.8billion (£1.32bn) to purchase Bengaluru, the reigning IPL champions in both the men’s and women’s formats.
That sum, submitted via New Orleans-based Lancer Capital, positions them amongst the highest bidders from nine competing groups.
They are also contending to acquire Rajasthan, whose sale process is further advanced than Bengaluru’s, with a second round imminent. Board of Control for Cricket in India (BCCI) regulations prohibit multi-franchise ownership, meaning, should they succeed, the Glazer family may need to select between the two teams.
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The Cricket Monthly revealed that the Glazers’ proposals for the Ahmedabad and Lucknow franchises in 2021 were the weakest amongst all competing parties. The RP-Sanjiv Goenka Group secured the Lucknow outfit following a bid exceeding £686m, whilst the Titans were acquired by private equity firm CVC Capital Partners for £541m.
The Glazers appear determined not to miss out this time around, with the IPL continuing to flourish commercially as the globe’s premier and most profitable T20 competition.
Reports also suggested that Avram Glazer – the family member most enthusiastic about cricket expansion – sought to utilise the Man United brand within the sport. Sheikh Mansoor bin Mohammed bin Rashid al Maktoum, son of Dubai’s ruler, posted on Twitter in March 2022 that he’d met Avram and discuss “the UAE T20 Cricket league’s launch in Jan 2023 featuring Manchester United cricket team & other teams.”
That proposal failed to materialise owing to copyright complications, yet the Glazers remain undeterred in their pursuit of cricket opportunities. The IPL venture isn’t their sole consideration in India either, with Indian cricket icon Sourav Ganguly disclosing in 2022 that the Glazers had engaged in discussions about acquiring Indian Super League club East Bengal.
The Glazer family have held ownership of United since 2005, but did sell a 26.2 per cent share to Sir Jim Ratcliffe for £1.3bn in February 2024, and the British petrochemicals billionaire now oversees the daily operations of Reds.
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