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Vijay Mallya to sell Royal Challengers Bangalore stake?
Liquor baron Vijay Mallya might be forced to sell his stake in the Royal Challengers Bangalore IPL franchise to reduce the debt in his crisis-ridden Kingfisher Airlines.
New Delhi:
Liquor baron Vijay Mallya might be forced to sell his stake in the Royal Challengers Bangalore IPL franchise to reduce the debt in his crisis-ridden Kingfisher Airlines.
According to some reports, total debt is of around Rs 7,500 crore.
Mallya had bought the Royals Challengers Bangalore for $111.6 million in 2008. His team is yet to win an IPL title, although they have reached the final twice.
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Topics mentioned in this article
Cricket
Kevin Pietersen
Royal Challengers Bangalore
Kolkata Knight Riders
Sunrisers Hyderabad
Deccan Chargers
Pune Warriors India
Kings XI Punjab
Kochi Tuskers Kerala
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