Royal Challengers Bengaluru (RCB) are making headlines since they won their maiden Indian Premier League (IPL) title, defeating Punjab Kings (PBKS) in the 18th edition of the tournament. After RCB's win, there were rumours that the RCB owners are looking to sell the club for around $2 billion.
RCB is currently owned by United Spirits, the second-largest spirits-making brand in the world by volume. They have been at the helm of ownership since Vijay Mallya sold off his spirits business.
Soon after the reports, there were speculations that this move might be linked the possible move with the recent tragedy in Bengaluru that left 11 dead. However, as per the Economic Times reported that RCB fans are provided with a breath of relief as United Spirits has dismissed the rumours and remarked that there are no discussions taking place within the company in regards to the sale of RCB.
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“This has reference to your email seeking clarification from the Company on media reports about the potential stake sale of RCB. The Company would like to clarify that the aforesaid media reports are speculative in nature, and it is not pursuing any such discussions,” as quoted by ET.
When the franchise started in 2008, it was originally bought by Vijay Mallya, who used to own Kingfisher Airlines and was one of the most renowned figures in India's liquor industry. Mallya found himself embroiled in a debt trap that brought his empire crashing down, giving Diageo an opportunity to buy RCB through its subsidiary in India, United Spirits.
RCB remains one of the most followed sporting teams on social media across the globe. In cricket, the franchise has the biggest fan base despite the lack of success it has had in the cash-rich league.