Royal Challengers Bengaluru Is Bought For Document Value
A consortium comprising Aditya Birla Group, The Occasions of India Group, Bolt Ventures, and Blackstone has acquired the group for a whopping $1.78 billion (roughly ₹16,600 crore). This deal marks the most important sale of an Indian sports activities enterprise and values Royal Challengers Bengaluru as one of the vital costly IPL franchises.
The acquisition course of started when Diageo, the mum or dad firm of United Spirits Ltd (USL), determined to promote Royal Challengers Bengaluru as a part of its strategic assessment of non-core companies. The consortium emerged because the winner, beating different bidders like Adar Poonawalla and Ranjan Pai. The deal is topic to approval from the Board of Management for Cricket in India (BCCI) and different regulatory authorities.
Aryaman Vikram Birla, Director of Aditya Birla Group, will function Chairman, whereas Satyan Gajwani of The Occasions of India Group will likely be Vice Chairman. The brand new house owners intention to construct RCB into a worldwide sporting establishment, leveraging their experience in sports activities, media, and shopper companies.
RCB is about to kick off its IPL 2026 marketing campaign on March 28 towards Sunrisers Hyderabad. With their new possession and up to date title win, the group is poised for achievement.
