IPL Team Owner's RCB Acquisition Bid Faces Diageo's Exit and a Potential Unexpected Turn of Events.

The Royal Challengers Bengaluru (RCB), fresh off their maiden IPL title victory in 2025, are reportedly on the verge of a significant ownership change as Diageo PLC, the parent company, explores a potential sale. This development has attracted considerable attention, with several high-profile entities expressing interest in acquiring the coveted franchise.

Diageo's potential exit stems from a strategic realignment, with the company viewing RCB as a "non-core business entity". Despite RCB's strong brand presence and dedicated fan base, owning an IPL team requires substantial investment in areas outside Diageo's primary focus on alcoholic beverages. Praveen Someshwar, MD and CEO of Diageo India, stated that while "RCB is an exciting business, it is non-core for Diageo". Selling the franchise would free up capital for reinvestment in their core liquor business, potentially boosting shareholder value.

Several prominent investors have emerged as potential buyers. Among the frontrunners is Parth Jindal, co-owner of Delhi Capitals (DC), representing the JSW Group. However, IPL regulations prohibit cross-ownership, meaning Jindal would have to divest his stake in DC to acquire RCB. This could involve selling his 50% stake to the GMR Group, the other co-owner of DC, or to a third party, subject to BCCI approval.

Other interested parties include Adar Poonawalla, CEO of the Serum Institute of India, the Adani Group, a Delhi-based businessman with diverse interests, and two U.S.-based private equity firms. Poonawalla has publicly expressed his interest, stating that RCB is a "great team...at the right valuation". The Adani Group, having previously bid for the Gujarat Titans, seeks to establish a presence in the IPL.

Diageo is reportedly seeking a valuation of approximately $2 billion (INR 17,592.7 crore) for the RCB franchise. However, some potential buyers consider this price tag too high. The final valuation will likely depend on factors such as the upcoming media rights cycle and the overall financial health of the IPL. Lalit Modi, the former IPL commissioner, has suggested the sale could reach $2.5 billion next year.

A potential hurdle in the sale process is the aftermath of a stampede that occurred outside the M. Chinnaswamy Stadium in June 2025, which resulted in multiple fatalities. The incident raises concerns about safety and security at the venue, and a new owner would inherit these challenges. Cricket has essentially been prohibited at the stadium since the stampede.

Despite the strong interest, a late twist looms as Diageo's India operations are reportedly not in favor of selling RCB. This internal conflict between Diageo's headquarters and its Indian subsidiary adds uncertainty to the timeline and outcome of the potential sale. Some representatives of Diageo India recently traveled to the UK to discuss the matter. Diageo might change its mind at the last minute. Citi and other advisors have been appointed to manage the transaction.

The potential sale of RCB marks a significant moment for the IPL. The outcome could reshape team valuations and attract further global investment in the league. As discussions continue, the cricketing world awaits the final decision on who will take ownership of one of the IPL's most popular and celebrated teams.


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With a natural flair for communication, a warm, approachable demeanor, and a passion for sports, Meera is a promising journalist focused on community-based reporting. She excels at building rapport and loves sharing personal stories that often go unnoticed. Meera is particularly interested in highlighting the work of local non-profit organizations and the individuals making a difference in her community, all while keeping up with her favorite sports.
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