New Delhi, March 25 -- A consortium of leading Indian and international investors has acquired full ownership of the Royal Challengers Bengaluru (RCB) franchise in a deal valued at approximately USD 1.78 billion (about Rs 16,660 crore), marking one of the most significant transactions in franchise sports.
The sale was confirmed by United Spirits Limited (USL), which previously owned the team in both the Indian Premier League and the Women's Premier League.
According to a company statement, its board has approved the transfer of ownership to a consortium consisting of the AdityaBirla Group, the Times of India Group, Bolt Ventures, and Blackstone's perpetual private equity strategy, BXPE. Following the completion of the deal, both the men's...