RCB’s Stake Sale Will Not Happen: Here’s What The Owners Said

Royal Challengers Bengaluru (RCB)'s owner, United Spirits Limited (USL), owned by world liquor giants Diageo of the United Kingdom (UK), confirmed that they will not be selling the stakes or the entirety of the team, RCB, after rumours surfaced about the possible exit.

Reports of the sale surfaced after the company came under the lens of the Indian health ministry to curb its soft advertising of alcoholic beverages during sporting events. 

Storyboard 18, in a report, quoted a letter from Mital Sanghvi, Company Secretary at USL, saying that the rumours are nothing but speculation. 

“This has reference to your email seeking clarification from the Company on media reports in relation to the potential stake sale of RCB. The Company would like to clarify that the aforesaid media reports are speculative in nature, and it is not pursuing any such discussions,” the website wrote in its reporting USL. 

Apparently, a Bloomberg report had said that the RCB owners were looking for a valuation of 2 billion US dollars to sell the Indian Premier League (IPL) team as they became the first-time champions of the Indian Premier League (IPL) by winning IPL 2025. 

However, post the victory parade celebration stampede, the mood regarding RCB changed in the entire country.