Jailed conman claims $1 billion bid for RCB as ‘gift’ for his famous girlfriend
Jailed conman Sukesh Chandrashekhar claims to have made a $1 billion all-cash offer to buy IPL franchise Royal Challengers Bengaluru, calling it a gift for Jacqueline Fernandez.
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The imprisoned fraudster Sukesh Chandrashekhar has gained public attention again because he contacted Diageo which owns the IPL team Royal Challengers Bengaluru to show his intention to purchase the franchise. Sukesh asserted in his letter that his company LS Holdings intends to purchase the franchise through a complete cash payment of US$1 billion which equals approximately ₹8,300 crore.
Sukesh proposed that the deal would transfer all RCB rights which include trademarks, player contracts, league entitlements, and legal ownership, to him after regulators give their approval. He declared his offer to be both “realistic” and competitive while demonstrating his capability to exceed the bid which Pune businessman Adar Poonawalla had submitted.
Sukesh informed Diageo that LS Holdings can finish the deal within 48 hours because the company will not require any external financial resources. He stated that his team would put the total sum into escrow before starting official discussions because his organization is ready to meet all IPL governing council and BCCI requirements.
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Sukesh calls charges allegations, says buying RCB would be a gift for Jacqueline
Sukesh contested all legal claims against him because he believed that the charges existed only as unproven allegations which had not yet reached a courtroom. He added that LS Holdings has no legal disputes and is registered and operational across several countries.
Sukesh considered RCB his "home team" and declared that purchasing the franchise would fulfill his lifelong ambition. He controversially added that owning the team would be a "gift" to his partner, Bollywood actor Jacqueline Fernandez. He reiterated this sentiment in a separate letter addressed to her, expressing hope that the deal would materialise with "God's blessings".
Diageo has not yet provided any official response to Sukesh Chandrashekhar's letter which includes claims about the proposed takeover of Royal Challengers Bengaluru.
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