India, Oct. 17 -- Royal Challengers Bengaluru's potential change of ownership has entered a critical phase, with Parth Jindal, co-owner of the Delhi Capitals, emerging as a potential bidder for the franchise as Diageo/United Spirits gauges market interest. However, for the JSW Group to acquire the RCB ownership, there is a fundamental regulatory hurdle: IPL's long-standing prohibition on cross-ownership would require Jindal to divest his DC stake first.

Cricbuzz reports that Diageo has engaged banks, including Citi, and received interest from six parties. Besides Jindal's JSW Group, potential bidders include Adar Poonawalla, Adani Group, a Delhi-based industrialist, and two US private equity firms, with valuations approaching $2 billion....