Copyright news18
It’s official! Royal Challengers Bengaluru (RCB) is on the market. Diageo, the UK-based liquor giant that owns both RCB’s IPL and WPL teams, has begun the process to sell the franchise, targeting completion by March 31, 2026. In a disclosure to the Bombay Stock Exchange (BSE) on November 5, Diageo confirmed it is conducting a “strategic review” of its investment in Royal Challengers Sports Pvt Ltd (RCSPL), a wholly owned subsidiary of United Spirits Ltd (USL). “RCSPL’s business comprises ownership of the Royal Challengers Bengaluru franchise teams that participate in the men’s IPL and women’s WPL tournaments,” the company stated. United Spirits, which markets brands like Royal Challenge whisky and Smirnoff vodka, said that while RCB has been a “valuable and strategic asset,” the cricket business is non-core to its primary alcobev operations. “RCSPL has been a valuable and strategic asset but is non-core to our alcobev business,” said USL CEO Praveen Someshwar, adding that the firm will continue reviewing its India portfolio. Media reports earlier this year suggested Diageo was seeking a valuation of around $2 billion for RCB. The sports business contributed 8.3% of United Spirits’ total core profit in the fiscal year ending March 31, 2025. (with agency inputs)
