Bengaluru’s ownership changes for 22 thousand crores

Virat Kohli has been playing for Royal Challengers Bangalore in the Indian Premier League (IPL) for a long time. Last season, their team became the champion of the IPL for the first time. This time, the team changed ownership.

A business alliance led by the Aditya Birla Group has bought the ownership of RCB. The agreement includes the Times of India Group, Bolt Ventures and Blackstone with the Aditya Birla Group. Now this alliance owns both the men's and women's teams of RCB.

About 1.78 billion US dollars, which is about 21 thousand 850 crores in terms of money. The ownership of the IPL team Royal Challengers Bangalore has been sold at such a high price. As a result, the ownership of RCB has changed.

In a span of 18 years, the price of RCB has increased by about 1495 percent. Whereas in 2008, the team was bought by Vijay Mallya's United Breweries for 111.6 million dollars. RCB was the second most expensive of the 8 IPL teams at that time. This time, the team's ownership has changed hands for a hefty price.

RCB's price has also exceeded the combined price of Lucknow Supergiants and Gujarat Titans. In 2021, the BCCI sold the two new IPL teams for $1.69 billion. RCB's current value stands at $1.78 billion.

After the transfer of ownership, Aryaman Vikram Birla, director of the Aditya Birla Group, will become the chairman of RCB. He is the son of Kumar Mangalam Birla, head of the Aditya Birla Group and is also a former cricketer. In addition, Satyen Ghazwani of the Times of India Group will serve as the vice chairman.