Bidding war incoming? RCB reportedly looking for new owners

Royal Challengers Bengaluru (RCB) is again in the headlines. But this time not for winning the IPL 2025 or the tragic incident outside M. Chinnaswamy Stadium, but for ownership reasons. In a shocking update, it is known that the current owner of Royal Challengers Bengaluru is in search of the right buyer to sell the franchise at a valuation of 2 billion US dollars. The Bengaluru-based franchise is currently owned by Diageo Plc.

According to recently received updates, global liquor giant Diageo Plc is exploring a potential sale of RCB, valuing the IPL team at up to $2 billion. While some of the IPL team owners are well-known to Indian cricket fans, Diageo Plc can be a known name for many. So, let's know in brief about the owner of RCB.

RCB is owned by United Spirits Ltd., Diageo’s Indian subsidiary. Why does the company want to sell a franchise with so much fan following? As per the reports, Diageo is restructuring global assets to focus on the core beverage business.

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So, what is the current scenario?

This development and the reports have come after RCB's IPL 2025 triumph. Due to the success in the recently concluded Indian Premier League and the growing popularity around the franchise, the company wants to utilize the opportunity to the best possible extent from the market. The final decision is yet to be taken; discussions are underway.

So for now, there is no concrete confirmation about the probable new ownership. If this happens in real life, then it can start a new chapter in the history of the Indian Premier League. During the initial stage of the IPL, RCB was initially owned by Vijay Mallya, the former operator of the now-defunct Kingfisher Airlines Ltd. The franchise later transitioned to Diageo's ownership after they acquired Mallya's beverage business.