RCB Owners Looking To Sell Franchise, Say Sources. Current Valuation Is…
Sale in the works: Diageo Plc (via its Indian arm, United Spirits Ltd.) has begun discussions with potential investors to either partially or fully divest from Royal Challengers Bengaluru, capitalizing on the momentum of their maiden IPL title
Valuation estimates: Bloomberg–cited sources suggest Diageo may seek as much as USD 2 billion (≈ INR 16,834 crore) for the franchise.
Market response: United Spirits’ stock surged up to 3.3% on the Tuesday following the news.
No firm decision yet: While talks continue, no irreversible decision to sell has been made.
Tragic aftermath: The celebratory high was marred by a fatal crowd incident at Bengaluru’s M. Chinnaswamy Stadium, resulting in the deaths of 11 fans—a somber note amid the optimism.
Ownership context: RCB launched in 2008 under Vijay Mallya’s ownership. Later, Diageo took over control through its acquisition of Mallya’s United Spirits Ltd.
Franchise stature: Despite previous IPL disappointments, RCB boasts one of the league’s most passionate and globally followed fanbases, which amplifies the team’s value at this pivotal moment.