Adar Poonawalla, the Adani Group, and top US private equity firms seek to buy RCB from Diageo
Adar Poonawalla, the Adani Group, and top US private equity firms reportedly seek to buy off RCB from Diageo
Bengaluru: Royal Challengers Bengaluru (RCB) is reportedly Adar Poonawalla, the Adani Group, and top US private equity firms seek to buy RCB from Diageo. The rumors of the sale of RCB was confirmed recently by the Founder of IPL President Modi Enterprises, Lalit Modi. He took too his official X handle and wrote, “There have been a lot of rumour about the sale of an IPL franchise specifically RCB- well in the past they have been denied. But it seems the owners have finally decided to take it off their balance sheet and sell it.”
He further added, “I am sure having won the IPL last season and also with its strong base of fans and off course the Team itself and a great management team – it could be the only Team which would be available as a whole as an ipl franchise. I am sure one of the Big Global funds or a Sovereign Fund would desperately like to have them as part of their investment strategy and India strategy.”
“There can be no better investment opportunity I could think of then this one. Good luck to whoever can get their hands on to it. It definitely will set a new record valuation which will just go to show that IPL is the not only the fastest growing Global Sporting league but also the most valuable,” Lalit Modi added.
“That new price that RCB sets will become the new floor price for all teams. Good to luck to all. I am sure #citibank will do a great job auctioning the team to prospective buyers,” he wrote as he signed off.
Experts believe that if the sale does happens, it could set a record for IPL franchise prices and push the league’s global standing even higher.
There have been a lot of rumour about the sale of an @IPL franchise specifically @RCBTweets – well in the past they have been denied. But it seems the owners have finally decided to take it off their balance sheet and sell it. I am sure having won the IPL last season and also… pic.twitter.com/ecXfU5n5v5
— Lalit Kumar Modi (@LalitKModi) September 29, 2025
