Royal Challengers Bengaluru (RCB), fresh off their historic first Indian Premier League (IPL) title, may be headed for a change of ownership if social media speculation is to be believed. Former IPL chairman Lalit Modi claimed in a post on Monday that Diageo Plc, the current owner of the franchise through United Spirits Ltd. (USL), has taken a “final call” to sell.
View this post on Instagram
A post shared by Lalit Modi (@lalitkmodi)
“There have been a lot of rumours 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,” Modi wrote on X (formerly Twitter), adding that RCB could attract interest from global sovereign and private equity funds an