Royal Challengers Bengaluru Reach Final Bidding Stage Before IPL 2026

Royal Challengers Bengaluru will soon be having new owners for the upcoming season. The team is now being sold at a price of 2 billion dollars, as the bidding enters its final phase. With new owners, it will be interesting to see how Royal Challengers Bengaluru does in the upcoming season.

Some of the names which have opted out of the same include Adar Poonawala (Serum Institute) and the Glazer family (Manchester United co-owners). As of now, the Swedish private equity firm EQT, along with the Premji Invest in combination, are in the final race. Still, they are facing tough competition from Dr Ranjan Pal, KKR (Singapore Equity Firm), and Singapore's Temasek.

After a long time, a renowned IPL team will have new owners. The sale of RCB also opens doors for the other owners, who are willing to sell off a part of their team. Diageo Limited, which owns the RCB team, said that the team is a non-core asset to their alcohol brand.

With the RCB getting new owners, Diageo Limited will invest all the money to expand its liquor operations. Ever since the start of the tournament, the company's sub-brand, United Spirits, has been the main owner of the RCB. Along with that, they wanted to sell off the team just after they had won the IPL. But their plans were affected due to the Bengaluru Stampede.