United Spirits Limited, the parent company of Royal Challengers Bengaluru (RCB), has announced that it is putting the Indian Premier League franchise up for sale. An exclusive report from CNBC TV18 indicates that Adar Poonawalla, the CEO of the Serum Institute of India, is currently the leading candidate to acquire USL’s full stake in the franchise.

USL operates as a subsidiary of Diageo, a British multinational alcoholic beverage corporation based in London. The company is aiming for a staggering valuation of $2 billion, which is approximately Rs. 17,762 crore. This valuation would position RCB among the most valuable sports organizations globally. Citi, a global investment bank, has been appointed as the advisor for the transaction.

Diageo has reportedly been considering a sale for som

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