Is RCB Up for Grabs? The Shocking Price Tag on IPL's Latest Champions!
Bengaluru's RCB: A Potential Sale on the Horizon
The Royal Challengers Bengaluru (RCB), fresh off their victory in the 18th season of the Indian Premier League, is reportedly considering a sale.
As per a report from Bloomberg, the franchise's owners, United Spirits Limited, are preparing to put RCB on the market. If the rumors hold true, this could become the most significant transaction in IPL history, with a staggering asking price.
Bloomberg indicates that United Spirits has set a price of $2 billion (approximately INR 16,834 crores) for the complete acquisition of RCB.
Originally, RCB was purchased by Vijay Mallya, the former owner of Kingfisher Airlines and a prominent figure in India's liquor sector. Following Mallya's financial troubles, Diageo acquired RCB through its Indian subsidiary, United Spirits.
When the IPL launched in 2008, RCB was valued at $111.6 million, roughly INR 476 crores, making it the second most expensive team in the league.
If the sale goes through, it will mark a historic moment, as no other team has been sold for such a high price. For context, when two new franchises entered the IPL, the Lucknow Super Giants were acquired by RPSG Group for INR 7,090 crores, while CVC Capital purchased the Gujarat Titans for INR 5,625 crores.