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Royal Challengers Bangalore (RCB) are struggling in the 17th edition of the Indian Premier League. The team is currently placed at the bottom of the points table with only two wins and seven losses. RCB management has been scrutinized for their poor performance and lack of strategy. Despite having a star-studded team, Bengaluru has failed to win a single trophy in 16 seasons. There is also pressure from fans to change the team’s ownership and hand it over to a new owner. You would like to know who the owner of the RCB team is. Here are all the details.
Who is the owner of RCB team?
Royal Challengers Bengaluru (RCB) is owned by United Spirits Limited. The company is the largest Indian alcoholic beverage company and the world’s second-largest by volume. Its headquarters are located in Bengaluru, Karnataka.
Mahendra Kumar Sharma currently serves as the Chairman of USL, while Anand Kripalu holds the positions of Managing Director and Chief Executive Officer. United Spirits Limited operates as a subsidiary of Diageo, a British multinational beverage alcohol company headquartered in London, United Kingdom.
Latest RCB News
Is Vijay Malliya still the owner of RCB?
Vijay Mallya, then chairman of Kingfisher Airlines and United Spirits, acquired RCB for $111.6 million, marking the IPL’s second-highest bid. However, Mallya defaulted on loans in 2016, leading to his loss of ownership of RCB. Currently, RCB is owned by United Spirits.
RCB net worth
As per reports, the Royal Challengers Bangalore franchise is valued at USD 70 million, approximately equivalent to INR 585 crore. Despite not clinching the IPL trophy, the team holds considerable value due to the brand they’ve cultivated through their gameplay and players. Additionally, they boast a dedicated fan following, contributing to their stature as one of the most esteemed franchises in the league.
The post Who is the owner of RCB team? Is Vijay Mallya still their owner? appeared first on Inside Sport India.
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