Overview
- Harsh Goenka tweeted that both RCB and Rajasthan Royals are on the block, suggesting four or five potential buyers from India or the United States.
- Diageo confirmed on November 5 that it has begun the RCB sale process with a disclosed target to conclude by March 31, 2026 under SEBI rules.
- Media reports peg RCB’s sought valuation near USD 2 billion, with a possible bid from a consortium involving Nikhil Kamath, T.V. Mohandas Pai and Adar Poonawalla.
- Rajasthan Royals’ majority stake sits with Royals Sports Group at roughly 65 percent, with minority investors including Lachlan Murdoch and RedBird Capital Partners, and the franchise has issued no sale confirmation.
- Reports indicate RR are exploring a venue shift to Pune’s MCA Stadium due to tensions with the Rajasthan Cricket Association, and RCB have also enquired about Pune given uncertainty over Chinnaswamy’s availability.