New Delhi, Feb. 9 -- Global investors, including Manchester United co-owner Avram Glazer, are looking at bidding to buy the defending champions of the Indian Premier League (IPL) Royal Challengers Bengaluru (RCB) and Rajasthan Royals (RR) franchises, ESPNcricinfo reported.

The estimated bid amount for each IPL franchise is expected to be around Rs 12,000-13,000 crore, based on the previous sale of the Lucknow and Ahmedabad franchises in 2021 for a combined Rs 12,715 crore.

According to ESPNcricinfo, at least eight investors have been shortlisted for RCB, whose men's and women's teams are the reigning champions in the IPL and Women's Premier League (WPL), while five investors are in the running for RR, the inaugural IPL winners in 2008....