Serum Institute CEO Adar Poonawalla is reportedly in advanced discussions to acquire Royal Challengers Bengaluru (RCB), according to sources close to the negotiations.

Diageo Plc, parent company of United Spirits and current owner of RCB, is said to be considering a full or partial divestment of its stake in the franchise.

Pricing power

Media reports pegged RCB’s valuation at around US$ 2 billion, making it one of the most valuable IPL franchises.

The IPL Valuation Study 2025 by Houlihan Lokey highlighted the team’s on- and off-field strengths — from brand partnerships with technology brand Nothing to its fan engagement efforts and match-day initiatives in Karnataka.

Also read: Kohli breaks silence on RCB stampede tragedy: 'Your loss is part of our story now'

Some analysts believ

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