As the Royal Challengers Bengaluru (RCB) continue to look for a new buyer, another Indian Premier League (IPL) franchise has reportedly been put on sale. Harsh Goenka, the brother of Lucknow Super Giants owner Sanjiv Goenka, revealed in a post on X (formerly Twitter) that the Rajasthan Royals have also been put on sale by their owners. At present, the franchise is owned by the Royals Sports Group (Emerging Media Sporting Holdings Limited), which holds a 65% stake. Some minority stakes are held by Lachlan Murdoch and RedBird Capital Partners. Meanwhile, cricket fans can also follow the excitement of the Lanka Premier League Live for more action-packed moments this season.”
RCB Want USD 2 Billion To Sell Franchise
Reports suggest that Diageo, parent company of United Spirits Limited, is seeking a valuation of around USD 2 billion for RCB. The sports business accounted for 8.3 percent of the company’s total profit in the last financial year ending March 31, 2025.
In a communication to the Bombay Stock Exchange (BSE) on Wednesday. Diageo called it a ‘Strategic Review of the Investment Royal Challengers Sports Pvt Ltd (RCSPL),’ a wholly owned company of United Spirits Ltd, the Indian subsidiary of Diageo.
“United Spirits Ltd. (“USL”) is initiating a strategic review of the investment in its wholly owned subsidiary, RCSPL. RCSPL’s business comprises ownership of the “Royal Challengers Bengaluru (RCB)” franchise teams that participate in the Men’s Indian lanka premier league live (IPL) and Women’s Premier League (WPL) cricket tournaments hosted by the Board of Control for Cricket in India (BCCI) annually,” the company stated in the disclosure.
Most importantly, the disclosure said it ‘expected the process will conclude by March 31st, 2026.’