IPL champions RCB sold to Aditya Birla Group-led consortium for Rs 16,660 crore

[ad_1] In a landmark transaction that underscores the skyrocketing valuation of Indian cricket, the reigning Indian Premier League (IPL) champions, Royal Challengers Bengaluru (RCB), have been acquired by a high-profile consortium for a staggering USD 1.78 billion (Rs 16,660 crore). The winning bid brings together a multi-industry consortium. The group is led by the Aditya […]

RCB sale: Adar Poonawalla to place ‘strong and competitive bid’; confirms plan to buy IPL franchise | Cricket News

[ad_1] RCB’s Virat Kohli with IPL trophy NEW DELHI: Serum Institute of India CEO Adar Poonawalla on Thursday said he plans to submit a “strong and competitive bid” to acquire Indian Premier League (IPL) franchise Royal Challengers Bengaluru (RCB) over the coming months.Poonawalla made the announcement in a post on X, stating his intent to […]

Can the IPL team break global sports valuation norms?

[ad_1] The names of potential suitors being floated in unconfirmed media reports to buy one of the 10 teams of the marquee Indian Premier League (IPL) included the promoters of the Adani Group, Manipal Group, Serum Institute of India and Zerodha. As is often the case these days, the chatter on social media preceded the […]

RCB officially up for sale as Diageo begins ownership review

[ad_1] The Royal Challengers Bengaluru (RCB) has been officially put on sale with the owners of the franchise, Diageo, hoping to find new owners by March 31, 2026. The RCB owners have started the sale process and they have put out the disclosure. In a communication sent to the Bombay Stock Exchange (BSE), the UK […]