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Amid Sale Rumours, What Is RCB Valued At?
IPL franchise Royal Challengers Bengaluru (RCB), just a week after winning the 2025 title, could be looking at new owners.
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Sources have told NDTV that the franchise's current owners, Diageo Plc, are out in the market, looking to sell the franchise.
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The decision comes in the wake of the high that the brand has witnessed after the team won its maiden IPL title.
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RCB is run by United Spirits Ltd in India, through Diageo Plc, which is to are already in talks with potential investors.
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As the news of RCB's potential sale broke, the sentiments also gave a boost to United Spirits' shares a boost.
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The stock prices went up as much as 3.3% on Tuesday morning. However, the decision whether to sell the franchise, or not, isn't final yet.
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It has been reported by Bloomberg that the owners might demand a price as high as USD 2 billion for complete sale.
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