Summary of this article

Diageo conducting "strategic review" of investment in Royal Challengers Bengaluru

Speculation rife about potential sale ever since tragic June 4 stampede

Adani Group and Adar Poonawalla reportedly among possible buyers

Diageo has officially listed the Royal Challengers Bengaluru (RCB) franchise — the defending Indian Premier League (IPL) champions and a key team in the Women's Premier League (WPL) — for sale. The United Kingdom‐based proprietor announced this move via a formal disclosure to the Bombay Stock Exchange (BSE) on Wednesday (November 5, 2025).

The company characterised the decision as a "Strategic Review of the Investment in Royal Challengers Sports Pvt. Ltd. (RCSPL)," which is the wholly owned subsidiary of United Spirits Ltd. (USL), its Indian arm.

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