Royal Challengers Sports Private Ltd (RCSPL) owns and operates Royal Challengers Bengaluru (“RCB”) franchises that participate in the Indian Premier League (“IPL”) and Women’s Premier League (“WPL”).
Upon completion of the transaction, the consortium will, through its ownership of RCSPL, acquire the rights to own and operate the IPL and WPL franchise. This announcement concludes the strategic review of RCSPL that was initiated by United Spirits (USL), as announced on 5 November, 2025, according to a statement.
“This transaction marks an important milestone for USL as we sharpen focus on our core beverage alcohol business to unlock its true potential with sustained growth, and to continue delivering on long-term value creation for our stakeholders,” Praveen Someshwar, MD & CEO, USL, said in a statement.
As Sports enters a new phase of growth in India & globally, we believe this is in the best interest of the franchise and our stakeholders, he added.
“We are proud to become custodians of RCB and grateful to USL and Diageo for the franchise they have built. RCB’s championship-winning culture, its deep connection to Bengaluru, and one of the most passionate fanbases in world sport make this an extraordinary opportunity. We are committed to taking RCB to new heights, on the pitch and beyond,” the acquiring consortium said.
The transaction is subject to satisfactory completion of customary closing conditions and legal, regulatory and other approvals, including from the Board of Control for Cricket in India and the Competition Commission of India.
