RCB might get new owners after their big win in 2025 IPL. Sources say Diageo Plc is looking to sell either part or full of the franchise. This comes after they finally won their first IPL title after 18 years.
RCB is managed by United Spirits Ltd in India which is a part of Diageo. They are already talking to potential investors. No word on how much they want for the franchise yet but Bloomberg says it could be up to $2 billion (INR 16,834 crores) for full sale.
Diageo is looking to sell stake in RCB after their recent win. They are talking to advisors to help with the deal. As news of the sale spread, United Spirits shares went up by 3.3% on Tuesday morning but it’s not done yet.
While the team was celebrating their title win at the M Chinnaswamy Stadium, a tragic incident happened and 11 fans lost their lives which overshadowed the win.
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RCB started in 2008, originally owned by Vijay Mallya who was a big name in India’s liquor scene and owned Kingfisher Airlines. When Mallya got into trouble, Diageo took over RCB through its subsidiary United Spirits.
Despite not having the best record in the league, RCB is one of the most popular teams on social media with a huge fan following.
