RCB will be sold after the historic victory of IPL 2025? The owner Diageo breaks the silence | Cricket news
Diageo India, the Indian branch of Diageo PLC, based in the United Kingdom and owner of the IPL Royal Challengers Bengaluru franchise (RCB), firmly rejected the rumors of the sale of the team. In a letter addressed to the Bombay Stock Stock Exchange (BSE) and its supervisory service on Tuesday, June 10, a Diageo India representative said that media reports suggesting a potential sale are purely speculative.“The company wishes to specify that the aforementioned media reports are of a speculative nature and that it does not pursue such a discussion,” said Mital Sanghvi, the company’s secretary, informed the Indian stock market regulation body. “It’s for your information and recordings.”According to a Cricbuzz report, the Diageo Declaration was in response to a question from the Bombay Stock Exchange (BSE), where the company is public. Since speculation on a possible sale of the RCB franchise began to circulate, the actions of United Spirits – the company above which holds RCB – have experienced a notable increase.Tuesday, Bloomberg reported that Diageo was planning to sell the RCB franchise. The report surfaced shortly after the victory of the first IPL title IPL of RCB on June 3 – an important step after 17 years – followed tragically by an incident in Bengaluru on June 4, where the celebrations became fatal, leaving 11 dead and many injured.
Although Diageo has officially rejected sales reports as “speculative”, the ambiguity of their declaration aroused more in -depth speculation. A seasoned voice in the India sports ecosystem suggested that “being a public enterprise, there will be a lot of pressure on reputation damage”, referring to what Diageo could weigh its options more seriously than admitted publicly.There are also murmurs on a diageo evaluating the RCB franchise at around 2 billion USD. While some Industry initiates consider this inflated figure – in particular compared to the Torrent acquisition of Gujarat titans at around 7,500 inr (approximately 1 billion USD) – others do not agree.Lalit Modi, the IPL architect, told Cricbuzz that an evaluation of $ 2 billion for RCB was quite realistic.
“I will not be surprised if it is sold at a higher price,” he said, adding that the comparison of the RCB assessment to that of the new Gujarat franchise is not a comparison of apple apples. “I will not be surprised if it is sold at a higher price,” he said, saying that GT’s evaluation cannot be compared here because it was a one-year case.The sales report remains speculative, as clarified by the Diageo manager in the response to the ESB.“No decision is final and they can decide not to sell the team, said people, asking not to be named as the details are private,” said Bloomberg report.
