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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Congress committed to social justice, says Karnataka CM; hits out at JD(S), BJP
BJP Bengaluru (PTI): Karnataka Chief Minister Siddaramaiah on Sunday asserted that the Congress remains firmly committed to social justice, both in principle and practice.
"The Congress is a party committed to social justice. This ideological commitment has been demonstrated not merely through words but through action," the CM said in a statement, underlining that the party has consistently translated its philosophy into governance.
He said his recent article marking Social Justice Day has sparked debate.
Defending the piece, he said: "An article I wrote for a newspaper as part of Social Justice Day celebrations has sparked multifaceted debate in the state’s political circles. If water remains stagnant, it turns into slush; if it flows, it becomes clearer."
"The social system is similar—if it does not remain rigid and instead becomes dynamic, it transforms in a people-centric manner. From this perspective, I welcome the discussion surrounding my article," he added.
Stating that his commitment to social justice is longstanding, the CM said, "Whether in power or out of it, my stand in favour of social justice has remained unwavering. I have greater clarity about the caste system among us than the politicians criticising me."
"I am prepared for a public debate on this issue," Siddaramaiah added.
Responding to criticism from Union Minister and Janata Dal (Secular) leader H D Kumaraswamy, he said, "I have taken his allegation—that I have ‘dragged caste into the picture for the sake of a chair’—lightly."
Launching a sharp attack on JD(S) patriarch and former Prime Minister H D Deve Gowda and his family, Siddaramaiah added, "Kumaraswamy and his revered father Deve Gowda are certainly not casteists; they are against their own caste. More importantly, they are family-centric. For them, caste is merely a vote bank."
He alleged that past, present, and future top JD(S) leaders would always be members of the Gowda family, questioning how many Vokkaliga leaders the party had nurtured during Deve Gowda’s long political career.
The CM maintained that it was the Congress that had identified and politically groomed Vokkaliga leaders.
"From Kengal Hanumanthaiah to S M Krishna, hundreds of Vokkaliga leaders have been nurtured. If Kengal Hanumanthaiah, Kadidal Manjappa, and S M Krishna became chief ministers, it was because of the Congress," he said, adding that several prominent Vokkaliga leaders are currently in the party.
"If one day anyone other than a member of Deve Gowda’s family becomes chief minister, it will be through the Congress," he noted.
Highlighting inclusivity, Siddaramaiah said the Congress has enabled leaders from Vokkaliga, Lingayat, and backward communities to become chief ministers in Karnataka, and expressed gratitude to party leaders Sonia Gandhi and Rahul Gandhi for giving him a second term.
He added that leaders from the Dalit community who rise to the CM's post do so on merit, not merely caste. "I can confidently say that if someone from the Dalit community becomes chief minister in the future, it will be possible only through the Congress,” he reiterated.
He questioned whether the JD(S) or the BJP in the state is capable of fostering such aspirations. "This is the difference between the Congress, the BJP and JD(S). Therefore, I urge those accusing me of practising caste politics to introspect," the CM said.
