Excitement Builds as Global Tycoons Eye Royal Challengers Bengaluru Takeover
Global investors line up for massive cricket franchise acquisition deal
Cricket enthusiasts across the nation and Odisha cricket fans are closely watching one of the biggest financial plays in Indian sports history. The race to acquire the popular Indian Premier League franchise, Royal Challengers Bengaluru (RCB), has officially moved to the next level. Following a strategic review by the parent company, United Spirits (a subsidiary of Diageo), approximately nine to ten serious bidders have been shortlisted to proceed with the deal.
Sources indicate that the RCB stake sale has attracted heavyweights from the business world. Among the high-profile names selected for the next round are Adar Poonawalla, CEO of the Serum Institute of India, and Lancer Capital, which is backed by Manchester United co-owner Avram Glazer. Other notable entities like Swedish private equity firm EQT and Manipal Group Chairman Dr. Ranjan Pai are also reportedly in the fray.
This week marks a crucial phase as the due diligence process begins. Selected bidders will gain access to a virtual data room to inspect the financial health and operational details of the franchise. This will be followed by direct meetings with the management. The sheer number of shortlisted parties suggests that the valuation of the team could reach staggering heights, potentially between $1.5 billion to $2 billion.
United Spirits initiated this sale process in November because the sports franchise is considered non-core to their primary alcohol beverage business. The company aims to conclude the transaction by March 31, 2026. This timeline aligns perfectly with the buildup to IPL 2026, adding extra excitement for fans in Bhubaneswar and Cuttack who follow the league religiously.
This development is part of a larger trend of consolidation and value unlocking in the IPL ecosystem. Apart from RCB, reports suggest that stakes in other teams like Rajasthan Royals and Kolkata Knight Riders might also see market activity. However, the RCB deal remains the most watched due to the brand's immense popularity and loyal fanbase.
As the RCB stake sale progresses, the final valuation will set a new benchmark for cricket franchises globally. Bidders will soon have to submit binding offers, and potential consortium partners will likely be revealed in the coming months.
