Not RCB, THIS IPL champion team sold stake for Rs 50000000000, new owners are…
RCB owners Diageo India have denied speculation that they are planning to sell stake in team in a letter to Bombay Stock Exchange. "The company would like to clarify that the aforesaid media reports are speculative in nature and it is not pursuing any such discussion," Mital Sanghvi, the company secretary, informed the regulating body of the Indian Stock Market. "This is for your information and records."
RCB became IPL champions after a wait of 18 years. Virat Kohli's RCB defeated PBKS by 6 runs in the IPL 2025 final last week.
Gujarat Titans owners CVC sold 67 per cent stake in IPL team to Torrent Group ahead of IPL 2025 season this year. Image credit: X (Formerly Twitter)
Torrent Group paid over Rs 5000 crorefor 67 per cent share in Gujarat Titans. This strategic partnership between one of India's leading Business Groups and a globally renowned Private Equity firm, is the first of its kind in India's sports sector and will unlock exciting opportunities for growth and collaboration.
Gujarat Titans had won the IPL title on debut in 2021 under the captaincy of Hardik Pandya. GT had defeated Rajasthan Royals in the final.
Shubman Gill's GT had reached IPL 2025 Playoffs. Gujarat Titans lost to Mumbai Indians in the IPL 2025 Eliminator match.
RCB has been reportedly valued at over $2 billion after IPL 2025 win, according to a report in Bloomberg. The report of sale is of course speculative as mentioned by the Diageo official in his reply to the BSE. "No decision is final and they may decide against selling the team, the people said, asking not to be named as the details are private," the Bloomberg report says.
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