What is the news?
Royal Challengers Bangalore (RCB), one of the most talked-about teams in the history of the Indian Premier League (IPL), has been jointly purchased by Aditya Birla Group (ABG), The Times of India Group (ToI), Bolt Ventures (Bolt), and Blackstone’s Perpetual Private Equity Strategy (BXPE, Blackstone). According to Cricbuzz, this group has bought the entire stake of the team for US $ 1.78 billion (about Rs 16,706 crore). However, an official announcement is yet to be made.
Chairman
Aryaman Vikram Birla will be the new chairman of RCB
Aryaman Vikram Birla of Birla Group will become the new chairman of RCB. According to reports, the group has entered into a definitive agreement with United Spirits Limited (USL), a subsidiary of UK-based Diageo Plc, to buy 100 per cent stake in RCB. The purchase includes both men’s and women’s teams of IPL and WPL.
How has been the ownership history of RCB?
RCB was first purchased in 2008 by the then owner of Kingfisher Airlines Limited, Vijay Mallya. However, this company was closed in 2012. The team was later purchased by Mallya-led United Spirits Limited (USL). After this, after Mallya fled abroad, USL sold a major stake in the company to Diageo.
RCB was successful in winning IPL 2025
In the final of IPL 2025, RCB won its first title by defeating Punjab Kings (PBKS) by 6 runs. RCB won 9 out of its 14 matches in the league stage and lost 4. Meanwhile, one match remained inconclusive. RCB team stood second in the points table. At the same time, in Qualifier-1, under the captaincy of Rajat Patidar, the team defeated PBKS by 8 wickets.
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