RCB on sale? Diageo reportedly exploring sale after franchise's IPL triumph, $2 billion valuation
Bengaluru: Days after Royal Challengers Bengaluru (RCB) clinched their maiden Indian Premier League (IPL) title, their current owner, Diageo Plc, is reportedly considering selling the franchise, according to a report by The Economic Times.
Sources familiar with the matter have said that Diageo, which owns RCB through its Indian subsidiary United Spirits Ltd, has begun consulting potential advisers to evaluate strategic options. These range from a partial stake sale to a full divestment. While no final decision has been made, the company is believed to be seeking a valuation of up to $2 billion for the popular franchise.
This development comes amid a broader regulatory crackdown by India’s health ministry on the indirect promotion of alcohol and tobacco brands in sports, particularly in the IPL. Diageo is reportedly reassessing its non-core assets as part of a strategic review, especially as its premium liquor business faces pressure in key markets such as the United States.
RCB was initially purchased by Vijay Mallya, then a prominent liquor baron and owner of Kingfisher Airlines. Following the collapse of Mallya’s business empire, Diageo took control of United Spirits and, subsequently, the RCB franchise.
Despite being one of the most followed teams in the IPL, thanks to stars like Virat Kohli, AB de Villiers, and Faf du Plessis, RCB had long struggled to win a title, until their recent 2025 victory.
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Block on Mumbai-Pune Expressway on April 23, 24
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Mumbai (PTI): The traffic on Mumbai-Pune Yashwantrao Chavan Expressway will be temporarily diverted for a few hours on April 23 and 24 on account of bridge maintenance work.
In a release issued on Tuesday, the Maharashtra State Road Development Corporation (MSRDC) said the block is planned from 12 am to 3 pm on April 23 and 24, for removal of shuttering and painting work on a bridge located near Dongargaon-Kusgaon.
Traffic towards Mumbai will remain completely closed in the section on April 23 during the three hours long block. Vehicles will be diverted via the Kiwale-Dehu Road-Talegaon route onto National Highway 48 and rejoin at Kusgaon toll plaza.
Similarly, traffic towards Pune will be shut on April 24 from 12 pm to 3 pm, and vehicles will be diverted from Kusgaon toll plaza via National Highway 48 through the Dehu Road-Kiwale route.
In case of any difficulty, commuters can contact the MSRDC control room on 9822498224 or the highway police helpline at 9833498334, the release said.
Mumbai-Pune Expressway is the first access controlled Expressway of India.
