Sport

IPL 2026: RCB sold for $1.78 billion in landmark deal

Published

8 months ago

March 25, 2026

In one of the biggest franchise deals in cricket history, Royal Challengers Bengaluru (RCB) has been sold for approximately $1.78 billion (INR 16,660 crore) to a powerful consortium of Indian and global investors.

The all-cash deal was confirmed by United Spirits Limited (USL), the current owner of the franchise and a subsidiary of global beverage giant Diageo.

The sale follows a “strategic review” by Diageo, which had identified cricket as a non-core business and aimed to complete the transaction by the end of March 2026.

New ownership structure

The consortium acquiring RCB includes the Aditya Birla Group, Times of India Group, Bolt Ventures, and Blackstone’s private equity arm. Under the agreement, both the men’s and women’s teams—previously operated by Royal Challengers Sports Private Limited—will now be fully owned and managed by the new group.

Former cricketer Aryaman Birla is set to serve as chairman, with Satyan Gajwani appointed as vice-chairman.

Record-breaking valuation

The $1.78 billion price tag highlights the surging commercial value of franchise cricket. The figure surpasses the combined valuation of the Lucknow and Ahmedabad IPL franchises sold in 2021 and marks a dramatic rise from RCB’s original purchase price of $111.6 million in 2008.

The franchise’s growth has been fueled by consistent on-field success and a massive global fanbase. Led by star player Virat Kohli, RCB’s men’s team secured its first-ever IPL title in 2025, while the women’s side, captained by Smriti Mandhana, are also reigning champions in the Women’s Premier League.

Strategic vision and global backing

The new ownership brings together a diverse mix of business and sporting expertise. Bolt Ventures is linked to prominent investor David Blitzer, who holds stakes in multiple global sports teams across leagues such as the NBA, NFL, and Premier League. Meanwhile, Blackstone—one of the world’s largest asset managers—adds significant financial muscle to the consortium.

In a joint statement, the new owners described RCB as “one of the most iconic franchises in world sport,” citing its championship-winning culture, deep connection to Bengaluru, and passionate fanbase.

“We are committed to taking RCB to new heights, both on and off the field,” the consortium said.

What happens next

The deal is still subject to regulatory approvals from the Board of Control for Cricket in India (BCCI) and the Competition Commission of India before it is formally completed.

Industry analysts say the sale signals a new era for franchise cricket, with increasing global investment and cross-sport ownership models reshaping the business of the game. With fresh capital and international expertise, RCB is expected to expand its brand, talent pipeline, and commercial footprint in the coming years.

Related Topics:#RCB Cricket featured IPL

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17 hours ago

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Afghanistan faced a challenging task in reply but managed to score 159 runs while losing six wickets by the close of play.

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Debutant Naseer Khan strikes four as Afghanistan fight back against Zimbabwe in second Test

Zimbabwe were well placed at 201 for one after nearly 58 overs, but Naseer triggered a middle-order collapse, taking three wickets in eight overs. Zimbabwe lost 3 for 12 during that period, and slipped from 201 for 1 to 250 for 5 at stumps.

Published

2 days ago

November 13, 2026

Ariana News

Afghanistan fought back against Zimbabwe on the opening day of the second Test in Sharjah, with debutant left-arm spinner Naseer Khan Maroofkhil claiming four wickets to halt Zimbabwe’s strong start.

After winning the toss and opting to bat, Zimbabwe made a solid start through Innocent Kaia and Ben Curran, who put together a 98-run opening partnership. Naseer broke the stand with his first delivery after lunch, trapping Curran lbw for 44.

Kaia then combined with Brendan Taylor for another strong partnership, adding 102 runs for the second wicket. Both batters reached half-centuries before Naseer turned the game around.

Kaia, batting on 96, was trapped lbw while attempting a slog sweep. In his next over, Naseer dismissed Zimbabwe captain Brian Bennett for a duck before Ziaur Rahman took a tumbling catch to remove Wessly Madhevere, who was caught at long-off after attempting to loft a delivery that stayed low.

Zimbabwe lost further momentum as Taylor and Antum Naqvi adopted a cautious approach following the three quick wickets. The pair added just 21 runs in nine overs before Naqvi struck a six off Naseer.

Taylor moved into the 90s with a boundary off Naseer, but Ziaur Rahman ended Naqvi’s 44-ball stay on eight runs, having him caught at first slip.

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Sport

Argentina clinch futsal gold after defeating Portugal in Dakar 2026 final

Published

2 days ago

November 13, 2026

Ariana News

Argentina claimed their first-ever men’s futsal gold medal at the Dakar 2026 Youth Olympic Games after securing a hard-fought 2-1 victory over Portugal in the final.

The closely contested match at Dakar Arena saw both teams enter the final with perfect records, having won all three of their group-stage matches. However, Argentina emerged victorious, with captain Lorenzo Sampedro scoring the decisive goal six minutes before the end of regular time.

Argentina’s triumph adds another chapter to the country’s Olympic football success, following the gold medals won by its men’s football team at the Athens 2004 and Beijing 2008 Olympic Games.

Argentina head coach Mariano Alberto Gomez praised his players for their performance, saying they had represented their country with pride after a lengthy preparation and participation in several tournaments.

Portugal’s Joao Carvalho expressed disappointment at missing out on gold but praised his team’s journey, saying the final was decided by small mistakes.

Earlier, Morocco secured the bronze medal after defeating Afghanistan 2-1 in the third-place playoff.

Afghanistan came close to forcing a late comeback, scoring with just 13 seconds remaining, but Morocco held on to secure third place.

Morocco coach Zakaria Kairi said winning an Olympic medal was a significant achievement for his young players, despite the team falling short of its original target of reaching the final and winning gold.

The results confirmed Argentina as futsal champions, Portugal as runners-up and Morocco in third place at the Dakar 2026 Youth Olympic Games.