Key moments
In a groundbreaking development for Indian Premier League (IPL) cricket, the Aditya Birla Group, alongside The Times of India Group, Bolt Ventures, and Blackstone, has acquired 100% of the Royal Challengers Bengaluru (RCB) franchise from United Spirits Ltd. The acquisition, which took place on March 25, 2026, is valued at an astonishing $1.78 billion (approximately ₹16,660 crore), making it the most expensive IPL franchise sold to date.
The transaction marks a significant shift in the ownership landscape of the IPL, with Aryaman Vikram Birla set to take the helm as chairman of RCB, while Satyan Gajwani will serve as vice-chairman. This new leadership aims to usher in a fresh era for the franchise, which has a passionate fanbase and a storied history in the league.
United Spirits initiated a strategic review of its holding in RCB back in November 2025, signaling a potential shift in focus towards its core beverage business. The decision to sell the franchise has allowed United Spirits to realign its priorities, while the consortium of investors expressed their pride in becoming custodians of RCB. They have committed to elevating the team to new heights, both on and off the field.
The acquisition includes full ownership of both the IPL and Women’s Premier League (WPL) teams, further solidifying the consortium’s investment in cricket. The deal is currently pending customary closing conditions, including approval from the Board of Control for Cricket in India (BCCI) and the IPL governing council, which will determine the finalization of this historic transaction.
As the IPL continues to grow, with its total value estimated at USD 18.5 billion according to investment bank Houlihan Lokey, the acquisition of RCB stands out as a pivotal moment in the league’s evolution. RCB, despite its two titles in 18 years of IPL history, has consistently attracted a loyal fanbase, making it one of the most compelling franchises in modern sport.
Kumar Mangalam Birla, chairman of the Aditya Birla Group, remarked, “RCB, as one of the most compelling franchises in modern sport, offers the Aditya Birla Group a distinctive platform to extend its legacy of institution-building into the arena of global sport.” This sentiment reflects the consortium’s vision for RCB as they embark on this new journey.
David Blitzer, another key figure in the consortium, added, “RCB has a world-class fanbase, and the IPL is one of the great growth stories in global sport.” This acquisition not only highlights the financial potential of the franchise but also the cultural significance it holds within the cricketing community.
As the dust settles on this monumental deal, the cricketing world watches with anticipation. The consortium’s commitment to investing in RCB and building on Blackstone’s long-standing commitment to India has sparked excitement among fans and stakeholders alike. The future of RCB looks promising, and the next chapter in its storied history is just beginning.
