The Royal Challengers Bengaluru (RCB) — one of the most popular IPL teams and the 2025 champions — might soon see a big change in ownership. While the franchise continues to be officially owned by United Spirits Limited (USL), a subsidiary of the British liquor giant Diageo, active discussions are underway for a possible sale before IPL 2026.
RCB Ownership Snapshot (2026)
| Category | Details |
|---|---|
| Current Owner | United Spirits Limited (Diageo India) |
| Parent Company | Diageo Great Britain |
| Chairperson | Prathamesh Mishra |
| Headquarters | Bengaluru, Karnataka |
| Franchise Valuation | $2 billion (proposed sale value) |
| Potential New Owners | Adar Poonawalla, Adani Group, JSW Group, U.S. Equity Firms |
| Status | Sale discussions ongoing; expected before IPL 2026 |
Current Owner of RCB
Royal Challengers Bengaluru (RCB) is currently owned by United Spirits Limited (USL), India’s largest alcoholic beverage company, which operates under Diageo Great Britain.
RCB’s ownership journey began with Vijay Mallya, who bought the team in 2008 for $111.6 million, making it the second-highest bid during the inaugural IPL auction. However, after Mallya’s financial troubles, Diageo took full control of United Spirits and with it, the RCB franchise in 2016.
Today, the franchise operates under Royal Challengers Sports Pvt. Ltd., chaired by Prathamesh Mishra, who is also the Chief Commercial Officer at Diageo India.
| Team | Current Owner | Parent Company | Ownership Since | Headquarters |
|---|---|---|---|---|
| Royal Challengers Bengaluru (RCB) | United Spirits Limited (USL) | Diageo Great Britain | 2016 | Bengaluru, India |
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RCB Owner’s Net Worth and Brand Value
Under Diageo’s ownership, RCB has become a financial powerhouse. The brand value of RCB rose sharply after their first-ever IPL title in 2025, reaching $269 million, making it one of the most valuable IPL franchises.
| Entity | Type | Estimated Value (2025) |
|---|---|---|
| United Spirits Limited (USL) | Company Net Worth | ₹7,121 crore |
| Royal Challengers Bengaluru (RCB) | Franchise Brand Value | $269 million (₹2,240 crore approx.) |
| Diageo Plc (Parent Company) | Global Net Worth | Over $90 billion |
This growth reflects the massive global fan base, merchandise sales, and sponsorship deals from brands like Qatar Airways, PUMA, Happilo, KEI, and Jio.
Why Diageo Plans to Sell RCB
Despite RCB’s success, Diageo considers IPL ownership a non-core business since its main focus remains in the beverage industry. Rising operational costs and the high value of the franchise have led to the company exploring full or partial sale options.
Key Reasons Behind the Sale Decision:
| Reason | Explanation |
|---|---|
| Non-core business | Diageo’s primary focus is alcohol production, not sports management. |
| Rising operational costs | Increasing player salaries, staff expenses, and marketing costs. |
| Profit margin pressure | IPL revenue growth not matching annual operating expenditure. |
| Legal complications | The June 2025 stampede incident at M. Chinnaswamy Stadium added management challenges. |
RCB’s Valuation and Sale Process
According to industry reports, RCB’s valuation is set around $2 billion (₹16,600 crore). Diageo has appointed Citi Bank and other global firms as financial advisors for the transaction.
The sale discussions have reached an advanced stage, with six serious bidders showing interest.
Potential Buyers Interested in RCB
| Potential Buyer | Company/Group | Remarks |
|---|---|---|
| Adar Poonawalla | Serum Institute of India | Publicly expressed interest; may partner with U.S. investors. |
| Gautam Adani | Adani Group | Previously bid for the Ahmedabad franchise; owns Gujarat Giants (WPL). |
| Parth Jindal | JSW Group | Would need to exit Delhi Capitals ownership due to BCCI rules. |
| Delhi Business Tycoon | Private Group | Involved in multi-sector investments. |
| Two U.S. Private Equity Firms | Confidential | Interested in IPL’s global expansion and media rights revenue. |
If finalized, the deal could become one of the biggest franchise sales in IPL history, setting a new benchmark for future valuations.
RCB’s 2025 Success and Future Outlook
RCB’s 2025 IPL title win under captain Rajat Patidar and coach Andy Flower boosted their commercial value and fan engagement. The win also made them a prime target for investors looking to enter India’s sports business market.
The franchise’s emotional connect with fans and the presence of Virat Kohli, the face of the team since 2008, make RCB an irresistible asset. However, if the ownership changes, Kohli might continue his career under a new ownership banner in IPL 2026.
What’s Next for RCB in IPL 2026?
A final decision on the sale is expected before the IPL 2026 auction. While Diageo India reportedly prefers to retain ownership, the UK headquarters seems determined to sell.
Whether Adar Poonawalla, Adani Group, or another global investor takes charge, one thing is certain — RCB’s value and legacy are stronger than ever after finally winning the IPL trophy.
Like to read: Top Run Scorers for RCB in IPL
Conclusion
As of now, United Spirits Limited (USL) — a subsidiary of Diageo Great Britain — remains the official owner of Royal Challengers Bengaluru (RCB). But with multiple buyers in talks and valuations soaring near $2 billion, IPL 2026 could mark a historic ownership shift.
Regardless of who holds the reins, RCB’s fan loyalty, financial might, and on-field dominance ensure that the franchise continues to be a flagbearer of Indian cricket excellence.
As of IPL 2026, RCB is still owned by United Spirits Limited (Diageo), but major sale discussions are in progress. If the deal goes through, IPL 2026 might witness Royal Challengers Bengaluru under new ownership, marking a new chapter in the franchise’s remarkable journey.
