US EditionIPL's Royal Challengers Bengaluru Scooped by Consortium for $1.78 ...
The consortium acquisition of Royal Challengers Bengaluru reflects strong IPL franchise growth with $56 million revenue in 2024-25 and rising broadcast rights valued over $6 billion.
- On Tuesday, a consortium comprising Aditya Birla Group, Times of India Group, Bolt Ventures, and Blackstone agreed to acquire Royal Challengers Bengaluru for $1.78 billion, securing a 100 percent stake in both men's and women's teams from United Spirits Limited.
- United Spirits Limited, a subsidiary of Diageo, labeled the franchise 'non-core' to its primary alcohol business after launching a strategic review in November, ending a weeks-long bidding war for the Bengaluru-based team.
- The Indian Premier League is attracting major private equity firms with rapidly rising revenue and profits, driven by a 2022 broadcast rights auction that doubled value to more than $6 billion and the BCCI's pooled revenue-sharing model.
- Post-2026, Aryaman Vikram Birla, director at Aditya Birla Group, will serve as chairman, with Satyan Gajwani of Times of India Group as vice-chairman, pending approval from the BCCI and Competition Commission of India.
- Star batsman Virat Kohli remains central to the franchise, which won its first men's title in 2025 after 17 years in the league and reported revenue of $56 million for 2024-25.
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63 Articles
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Not even 24 hours after cricket fans were gifted with not one, but two IPL team sales, fans are expressing their excitement on social media. For the Royal Challengers Bengaluru and Rajasthan Royals, it was a big day for the future of the sport.For RR, a consortium comprising tech entrepreneurs and investors with stakes in NFL teams, it became the first IPL franchise to fetch over $1 billion in a sale. But that didn’t last long.RCB was sold to a …
Associated Press News
IPL champion Royal Challengers Bengaluru to be bought by consortium in deal worth nearly $1.8B
Indian Premier League cricket champion Royal Challengers Bengaluru has agreed to be bought by a conglomerate of investors from India and the United States in a deal valuing the franchise at nearly $1.8 billion.
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Aryaman Vikram Birla, the 28-year-old Director of Aditya Birla Group, is the new Chairman of RCB following a UAD 1.78 billion acquisition. A former professional cricketer for Madhya Pradesh and Rajasthan Royals, he brings unique athlete-owner experience to the role. He will lead the franchise alongside Vice Chairman Satyan Gajwani. 🏏 Who Is Aryaman Vikram Birla? Meet the Former Cricketer Who Is Now the New Chairman of RCB.
RR sold for $1.63 billion, another consortium bids $1.78 billion for IPL champions RCB
A consortium led by the Aditya Birla Group has emerged the leading bidder for IPL champions Royal Challengers Bengaluru with a bid of $ 1.78 billion.Royal Challengers Bengaluru ownership, RCB acquisition, Aditya Birla Group RCB, IPL team sale, cricket franchise investment, new RCB owners, Blackstone investment IPL, David Blitzer sports, Times of India cricket, Aryaman Vikram Birla RCB, cricket business news, sports team valuation, AI in sports i…
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