By Admin 
The team of Royal Challengers Bangalore will remain the same for the fans as it was before. Star players like Virat Kohli to Bhuvneshwar Kumar and Krunal Pandya will be seen playing for this team, but its management has completely changed. RCB team has been sold for 1.78 billion US dollars.
Aditya Birla Group, Times of India Group, Blackstone and Bolt Ventures have together purchased 100 percent stake in the RCB franchise. Now Diageo will no longer own the men’s and women’s teams of Royal Challengers Bangalore. Who is the new owner of the team, for how much was the team sold, know here all the details related to this deal.
How much was RCB sold for?
Aditya Birla Group, Times of India Group, Blackstone and Bolt Ventures have together purchased the Royal Challengers Bangalore franchise for about Rs 16,600 crore. In terms of valuation, RCB has become the most expensive team of IPL. Earlier there was no discussion about this group and about 8 investors had shown interest in buying RCB.
The team’s owner company Diageo had said that cricket is not the core area of its business and it will complete the sale process by March 31, 2025. The transaction process in this deal worth Rs 16,600 crore is subject to BCCI, IPL Governing Council and other applicable regulatory approvals.
Who is the chairman of RCB?
Now the four companies mentioned above will jointly operate the RCB franchise. The chairman of the franchise will be Aryaman Birla, son of Kumar Mangalam Birla, chairperson of Aditya Birla Group. Satyan Gajwani of Times of India will be the vice chairman. Earlier, Rajasthan Royals team was sold for around Rs 15,290 crore, but RCB broke its record within a few hours. RCB is the defending champion of IPL and would like to win the trophy by performing strongly in the next season also.