Cricket News, Consortium Acquires, Cricket Updates
In a landmark deal in global cricket, a consortium of Indian and international investors has acquired full ownership of the Royal Challengers Bengaluru (RCB) for approximately USD 1.78 billion (INR 16,660 crore). The all-cash transaction was confirmed by United Spirits Limited (USL), the franchise’s previous owner.
The consortium includes the Aditya Birla Group, the Times of India Group, Bolt Ventures, and Blackstone through its BXPE private equity strategy. With this acquisition, both RCB’s men’s and women’s teams will now be “owned and operated” by the new group.
The valuation sets a new benchmark in franchise cricket, surpassing the combined INR 12,715 crore paid for the Lucknow Super Giants and Gujarat Titans when they were introduced in 2021. The sale follows a strategic review initiated by USL’s parent company, Diageo, which had identified cricket as a non-core business.
The transaction remains subject to approvals from the Board of Control for Cricket in India (BCCI) and the Competition Commission of India (CCI) before the consortium can formally assume control.
RCB, one of the original eight franchises of the Indian Premier League (IPL), was initially purchased in 2008 by businessman Vijay Mallya for USD 111.6 million. The franchise has since evolved into one of the most commercially successful brands in cricket. In 2023, RCB also secured a team in the Women’s Premier League (WPL) with a winning bid of INR 901 crore.
Under the new ownership structure, Aryaman Birla has been appointed chairman, while Satyan Gajwani will serve as vice-chairman. The consortium described itself as “proud custodians” of the franchise, highlighting RCB’s strong fan base, championship pedigree, and deep ties to Bengaluru.
Praveen Someshwar, Managing Director and CEO of USL, said the franchise has grown into a globally recognised sporting brand driven by its “Play Bold” philosophy. He expressed confidence that the new ownership would take RCB to greater heights as the sports industry continues to expand in India and worldwide.
The consortium brings together a diverse range of expertise. The Aditya Birla Group is a global leader across multiple industries, while Bolt Ventures, led by investor David Blitzer, has stakes in major global sports teams such as Crystal Palace and the Philadelphia 76ers. Blackstone adds significant financial strength as one of the world’s largest alternative asset managers, and the Times of India Group contributes extensive media and sports investment experience.
The acquisition marks a significant milestone in the commercialization of cricket and underscores the growing global appeal and valuation of franchise-based leagues.
