Royal Challengers Bengaluru Acquired by $1.78B Consortium Headed by Aditya Birla Group

Royal Challengers Bengaluru has officially been acquired by a powerful consortium, signaling a landmark deal in the Indian Premier League. The group of investors includes the Aditya Birla Group, US-based sports investor David Blitzer, private equity firm Blackstone, and the Times of India. The purchase encompasses both the men’s and women’s teams, reflecting the growing commercial and sporting stature of the franchise.

The consortium has signed a definitive agreement with United Spirits Limited, a subsidiary of UK-based Diageo plc, to acquire 100% ownership of the franchise. Initial reports suggested that the previous owners were aiming for a valuation near USD 2 billion, and the consortium’s final agreement of USD 1.78 billion (approximately INR 16,706 crore) comes close to meeting that expectation.

RCB, fresh off their maiden IPL title last season and a second Women’s Premier League crown this year, attracted global investor interest thanks to its expanding fan base and the league’s increasing international profile.

Kumar Mangalam Birla, Chairman of the Aditya Birla Group, emphasized the franchise’s global appeal and the consortium’s intent to build on its legacy: “Over the past two decades, the IPL has grown into a global sporting phenomenon, creating enormous value for India. RCB, as one of the most compelling franchises, offers a unique platform to extend our legacy into world sport. We are honored to take stewardship of this asset and committed to strengthening its extraordinary legacy.”

David Blitzer highlighted the franchise’s worldwide fanbase and potential: “RCB has a world-class following, and the IPL continues to be one of the most remarkable growth stories in sport. Having invested in clubs internationally, RCB stands out as an exceptional opportunity. We look forward to partnering with our consortium members and the BCCI to build on the team’s championship success.”