Blackstone is evaluating a potential $200m to $300m investment in the Indian Premier League, as the private equity firm considers its first entry into sports assets, according to Bloomberg.

The investment would be made through Blackstone’s Private Equity Strategies Fund and could involve acquiring a stake in teams including Rajasthan Royals or Royal Challengers Bengaluru.

The move would allow Blackstone to hold the investment for a longer duration than traditional private equity structures, reflecting the long-term nature of sports franchise ownership.

The potential deal comes as IPL teams are being valued between $1.3bn and $2bn, underlining the scale of investor interest in one of the world’s most lucrative cricket leagues.

Private equity firms are increasingly targeting sports investments, attracted by high-value media rights deals and the scarcity of premium assets.

Other bidders for IPL team stakes include EQT and investor groups linked to prominent business figures, highlighting strong competition for entry into the league.

The transaction would also provide exposure to India’s expanding consumer market, where sports franchises offer both financial returns and brand visibility.

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