US EditionAdar Poonawalla Reveals Strong Interest in Buying RCB: 'Will Be Putting Competitive Bid'
Adar Poonawalla aims to acquire RCB as ownership sale accelerates after stampede killed 11 fans; current valuation is $105 million, bid due before IPL 2026 start.
- On Thursday, Adar Poonawalla, Chief Executive Officer of Serum Institute of India, said he will table a `strong and competitive` bid for Royal Challengers Bengaluru via his official X handle.
- United Spirits Ltd began the sale process in November last year, and the June 4 stampede accelerated USL's decision to sell the Royal Challengers Bengaluru franchise.
- RCB's status as defending IPL champion and large fan base raises commercial stakes, while Pune, Mumbai and Raipur are in touch to host seven home-leg matches, and Hombale Films, owned by Vijay Kiragandur, also bids.
- Stakeholders called for security and facility assurances as the sale proceeds; RCB said there are still a few grey areas to review and is considering all inputs before deciding.
- With IPL 2026 starting on March 26, the sale faces a tight timeline, while Forbes India notes RCB's valuation at USD 10 million, with no bid details disclosed by Poonawalla.
25 Articles
25 Articles
RCB Sale: Adar Poonawalla To Make 'Strong And Competitive' Bid For IPL Franchise
Other than Serum Institute of India CEO Adar Poonawalla, Hombale Films, owned by Vijay Kiragandur, is also in fray for ownership of Royal Challengers Bengaluru. The bid has to be made in the near future, as IPL 2026 is scheduled to begin on March 26
Adar Poonawalla reveals strong interest in buying RCB: 'Will be putting competitive bid'
Diageo, the current owners of the RCB franchise, are looking to sell it and the CEO of Serum Institute of India Adar Poonawalla has said that he will be placing a strong bid to buy the franchise.
Adar Poonawalla confirms RCB interest, promises 'strong and competitive bid' to own franchise
Adar Poonawalla has confirmed plans to place a “strong and competitive” bid for Royal Challengers Bengaluru. United Spirits is reportedly seeking $2 billion, a valuation that could make RCB the most expensive franchise in cricket history.
RCB ownership update: Adar Poonawalla to bid for Royal Challengers Bengaluru
The effort to find a new owner for RCB, currently valued at around USD 105 million as per Forbes India, began in November last year by current owners United Spirits Ltd (USL), the Indian arm of global beverage major Diageo.
Coverage Details
Bias Distribution
- 45% of the sources lean Left, 44% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
