RCB Sold Birla Consortium: In a major development that could change the IPL ownership landscape, Royal Challengers Bangalore (RCB) is set to be sold to a consortium led by Aditya Birla Group. According to reports that surfaced on Tuesday evening, the deal is worth around $1.8 billion (approximately ₹17,000 crore), which reflects the rising valuation of the IPL franchise.
A Bloomberg report states that the Birla-led consortium is ready to acquire a major stake in RCB, which would be one of the biggest ownership deals in the history of the league.
Birla’s RCB!
The development got a boost when industrialist Harsh Goenka shared a small update on Goenka’s post quickly went viral, fueling discussion around this high-profile acquisition and giving more credibility to the ongoing reports.
Rajasthan Royals gets new owner
Earlier in the day, in a parallel development, Rajasthan Royals were also reportedly sold to a US-based consortium. The consortium was led by entrepreneur Kal Somani and the deal was worth $1.63 billion (₹15,680 crore), making it the largest ownership deal in IPL history. If RCB’s $1.8 billion deal is confirmed, it would surpass Rajasthan Royals’ deal to become the biggest franchise deal in IPL history.
It is being said that this consortium includes major global investors like Rob Walton of Walmart family and members of Hamp family. The Hamp family is known for its association with the Ford Motor Company.
When will I get the ownership rights?
Transfer of ownership of both teams IPL 2026 It is expected to take effect after the season finale, and is likely to be formally announced soon. RCB remains one of the most valuable teams in the league. It is supported by a huge fan base, consistent brand presence and high engagement across various platforms. These factors have played an important role in getting the franchise such a high valuation.
The biggest deal in IPL history!
Aditya Birla Group’s possible entry into IPL ownership signals a strategic expansion into the sports and entertainment sector for one of India’s largest conglomerates, as it looks to take advantage of cricket’s huge reach and business ecosystem. Although there has been no official confirmation from the parties involved, the $1.8 billion (₹17,000 crore) deal, reported by Bloomberg, has become one of the most significant moments in the business history of the IPL.
The post The biggest deal in IPL history? Know who bet Rs 17,000 crore on RCB appeared first on Latest.
Comments are closed.