Overview
- A definitive agreement announced Tuesday between United Spirits and a group led by Aditya Birla values Royal Challengers Bengaluru at $1.78 billion and covers both the men's IPL side and the Women's Premier League team.
- Under the planned setup, Aryaman Vikram Birla will serve as chairman and Times of India executive Satyan Gajwani as vice-chairman, with the new partners pledging to keep the club rooted in Bengaluru’s fan base.
- Completion still needs approval from the BCCI, the IPL governing council and competition regulators, so the handover will conclude only after those clearances.
- Rajasthan Royals were reported sold to a Kal Somani–led U.S. consortium for about $1.6–$1.63 billion, reflecting how franchise valuations have rapidly climbed.
- On the playing side, Kolkata Knight Riders named Rinku Singh vice-captain this week, following calls from former India batter Mohammad Kaif to groom him as a future leader.