In a surprising turn of events, Royal Challengers Bengaluru (RCB) fresh off their long-awaited maiden IPL championship win after 18 years is officially up for sale. The news has sent shockwaves through the cricketing world, as the franchise’s current owner, Diageo Group, has reportedly decided to list the team on the open market for acquisition.
According to reports, Diageo, a global conglomerate that owns teams in both the IPL and WPL, has already begun the process of inviting bids from interested buyers. The sale proceedings have been initiated, and prospective investors are expected to submit detailed financial proposals as part of the acquisition process.
Sources indicate that the goal is to finalize the ownership transfer before the start of the next IPL season, with March 31 next year being the tentative deadline.
Valued at nearly $2 billion, RCB ranks among the most valuable sporting franchises in the world. Acquiring the team would require significant financial muscle, making it a pursuit for only the biggest players in the business world.
With a massive fan following both in India and globally, RCB has grown into a cultural phenomenon known for its passionate supporters, iconic players, and star-studded brand presence.
While fans continue to bask in the joy of the team’s first-ever IPL title, this ownership development has sparked widespread curiosity about who will take charge of the Red Army next. One thing is certain RCB’s next chapter promises to be as dramatic and high-profile as their journey to the trophy itself.
In a surprising turn of events, Royal Challengers Bengaluru (RCB) fresh off their long-awaited maiden IPL championship win after 18 years is officially up for sale. The news has sent shockwaves through the cricketing world, as the franchise’s current owner, Diageo Group, has reportedly decided to list the team on the open market for acquisition.
According to reports, Diageo, a global conglomerate that owns teams in both the IPL and WPL, has already begun the process of inviting bids from interested buyers. The sale proceedings have been initiated, and prospective investors are expected to submit detailed financial proposals as part of the acquisition process.
Sources indicate that the goal is to finalize the ownership transfer before the start of the next IPL season, with March 31 next year being the tentative deadline.
Valued at nearly $2 billion, RCB ranks among the most valuable sporting franchises in the world. Acquiring the team would require significant financial muscle, making it a pursuit for only the biggest players in the business world.
With a massive fan following both in India and globally, RCB has grown into a cultural phenomenon known for its passionate supporters, iconic players, and star-studded brand presence.
While fans continue to bask in the joy of the team’s first-ever IPL title, this ownership development has sparked widespread curiosity about who will take charge of the Red Army next. One thing is certain RCB’s next chapter promises to be as dramatic and high-profile as their journey to the trophy itself.
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