• Sports

    Adar Poonawalla Sparks Rumours Of Buying Virat Kohli’s RCB: ‘At The Right Valuation…’

    AnyFans Posted on

    By Megha Mallick,News18

    Copyright news18

    Adar Poonawalla Sparks Rumours Of Buying Virat Kohli’s RCB: 'At The Right Valuation...'

    Chairman of Poonawalla Fincorp, Adar Poonawalla, has sparked rumours of buying the Royal Challengers Bengaluru, with rumours of him buying the defending champion franchise going around for the past few days. Reports suggest that the team is up for grabs, four months after winning their maiden IPL trophy.
    According to reports, Poonawalla has initiated talks with Diageo Plc, the current owners of Bengaluru, regarding the potential purchase of the franchise. However, it is still uncertain whether Diageo plans to sell its entire stake in the team.
    Diageo Plc, which owns United Sports, is seeking a valuation of USD 2 billion for Bengaluru, as per several reports.
    According to Houlihan Lokey’s IPL Valuation Study 2025, Bengaluru ranked as the most valuable team this year, both on and off the field.
    “At the right valuation, @RCBTweets is a great team…,” Poonawalla tweeted on Wednesday afternoon.

    At the right valuation, @RCBTweets is a great team…
    — Adar Poonawalla (@adarpoonawalla) October 1, 2025

    Earlier, former Indian Premier League commissioner Lalit Modi hinted at a potential sale of the Royal Challengers Bengaluru, suggesting that the owners might be looking to remove the franchise from their balance sheet.
    Modi shared a news article linking Virat Kohli’s Bengaluru team with a potential sale to Poonawalla as well.
    “There have been a lot of rumours about the sale of an @IPL franchise, specifically @RCBTweets- well, in the past they have been denied. But it seems the owners have finally decided to take it off their balance sheet and sell it,” Modi tweeted on Monday evening.

    There have been a lot of rumour about the sale of an @IPL franchise specifically @RCBTweets – well in the past they have been denied. But it seems the owners have finally decided to take it off their balance sheet and sell it. I am sure having won the IPL last season and also… pic.twitter.com/ecXfU5n5v5
    — Lalit Kumar Modi (@LalitKModi) September 29, 2025

    As per reports, buyers are interested in purchasing Bengaluru’s entire stake rather than a partial share, with global investment bank Citi appointed as the transaction advisor.

    You Might Also Like