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Royal Challengers Bengaluru (RCB), one of the most popular franchises in the Indian Premier League, has been sold to a consortium of Indian and international investors for around ₹16,700 crore (about $1.78 billion). The deal transfers 100 percent ownership of the franchise from United Spirits Limited, a subsidiary of the global beverage company Diageo, to the new consortium.
The consortium is led by the Aditya Birla Group and also includes the Times of India Group, Bolt Ventures and global investment firm Blackstone. The acquisition includes both the men’s IPL team and the women’s team in the Women’s Premier League. Under the new structure, Aryaman Vikram Birla is expected to serve as chairman of the franchise, while Satyan Gajwani will take on the role of vice-chairman.
The sale marks one of the biggest transactions in cricket franchise history and reflects the rapidly growing commercial value of the IPL. Strong broadcast deals, sponsorship growth and global investor interest have significantly increased franchise valuations in recent years.
West Bengal
Bihar
Uttar Pradesh
Jharkhand