RCB sale nears finish line, bids touch $2 billion mark
New Delhi – The sale of Royal Challengers Bengaluru has entered its final phase. The process has narrowed to two serious bidders. As a result, the franchise now moves closer to a record valuation.
First, sources confirm that EQT has placed a strong binding bid. At the same time, a powerful consortium has also joined the race. This group includes Ranjan Pai, KKR, and Temasek. Both sides now compete in the final round.
Earlier, at least five bidders showed interest. However, the field quickly narrowed after the deadline. Notably, Glazer family and Adar Poonawalla stepped back from the process. Their exit has intensified competition between the remaining bidders.
Now, attention shifts to valuation. The current owners, led by Diageo through United Spirits, aim for a price near $2 billion. Reports suggest that EQT has already approached this figure. However, some investors remain cautious due to uncertainty around future IPL media rights.
Even then, the numbers stand out. For comparison, RPSG Group bought Lucknow Super Giants for about $850 million in 2021. Therefore, even a slightly lower deal for RCB would set a new benchmark.
Next, the process enters the exclusivity stage. During this phase, the seller will evaluate both bids closely. Market insiders expect this stage to take between 45 and 90 days. After that, the franchise must inform the BCCI for approval. This step remains mandatory before ownership transfer.
Although the original deadline stood at March 31, timelines may shift slightly. Once the final bidder emerges, the deal will move toward closure. Experts expect a new owner to take charge by September or October.
Ground Angle: Fans Watch Closely, Brand Value Drives Buzz
On the ground, RCB fans are closely tracking the developments. The franchise enjoys one of the strongest fan bases in the league. Supporters expect the new owner to invest in performance and infrastructure. At the same time, brand value continues to attract global investors.
Industry observers note that RCB’s commercial strength drives its high valuation. Sponsorship deals, digital reach, and star players add to its appeal. Therefore, bidders see long-term growth despite short-term uncertainties.
Background: Wider Interest in IPL Franchises
Meanwhile, interest extends beyond RCB. Rajasthan Royals has also drawn multiple bids. Reports indicate that Aditya Birla Group leads the race with a strong offer. Investors value the franchise between $1.1 billion and $1.35 billion.
Ownership structure also plays a role. Emerging Media IPL Ltd holds a majority stake, while RedBird Capital Partners and Lachlan Murdoch hold smaller shares. Now, stakeholders appear open to a full sale.
Unlike RCB, Rajasthan Royals has no strict deadline. However, strong bids may accelerate the process. Advisors expect a deal in the coming months.
Overall, the IPL continues to attract global capital. Rising valuations reflect the league’s growing influence. As RCB nears a final deal, the outcome could redefine franchise pricing in cricket.
