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RCB's New Era: Consortium Takes Helm
24 Mar
Summary
- A consortium including Aditya Birla Group acquired the RCB franchise.
- The deal values the Royal Challengers Bengaluru at $1.78 billion.
- The acquisition covers both men's and women's RCB teams.
Royal Challengers Bengaluru (RCB) has entered a new era with a prominent consortium officially acquiring the franchise. The group comprises the Aditya Birla Group, US-based investor David Blitzer, private equity firm Blackstone, and the Times of India. This landmark acquisition signifies the growing commercial appeal and value of the Indian Premier League.
The definitive agreement grants the consortium a 100 percent stake in RCB, with the deal reportedly valuing the franchise at approximately USD 1.78 billion, or INR 16,706 crore. This acquisition encompasses both the men's and women's teams, signaling a comprehensive handover.
Following RCB's maiden IPL title win last season and their second Women's Premier League championship this year, the franchise attracted significant global investor interest. The deal, pending BCCI approval, is anticipated to be finalized after the 2026 IPL season, ushering in a new phase of growth for the beloved Bengaluru-based team.
