RCB eye edge in play-offs race, CSK an elusive win in the backdrop of emotional Kohli-Dhoni match-up
Before delving into that possibility, a glance of the situation will reveal that RCB can swell their tally to 16 with a win, a position from where they potentially cannot falter in the race to the Qualifiers with three matches still remaining.
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Time of India
43 minutes ago
- Time of India
Bengaluru stampede: No interim relief for RCB exec Nikhil Sosale, Karnataka HC reserves judgment till June 11
The Karnataka High Court on Tuesday reserved its order till June 11 on a plea filed by Royal Challengers Bengaluru (RCB) marketing executive Nikhil Sosale , who sought interim relief in connection with the stampede incident at the city's Chinnaswamy Stadium that claimed 11 lives on June 4. The stampede occurred during a public event organized to celebrate RCB's maiden Indian Premier League (IPL) title. A massive crowd had gathered at the venue, leading to a stampede-like situation. Several individuals sustained injuries as the authorities struggled to control the turnout. Sosale, a member of the RCB management team, approached the High Court seeking anticipatory bail and interim protection from coercive action after a FIR registered against the franchise, the event organisers and Karnataka State Cricket Association (KSCA) under charges related to negligence and public endangerment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like New Container Houses Vietnam (Prices May Surprise You) Container House | Search ads Search Now Earlier last week, the HC granted protection from arrest to the KSCA office bearers in connection with the stampede case. Justice SR Krishna Kumar, while granting interim relief to KSCA office bearers, president Raghuram Bhat, secretary A Shankar and treasurer ES Jairam, asked them to cooperate with the police investigations. The court had asked the government and the police not to take any coercive action against the office-bearers till the next date of the hearing, which is now scheduled for June 12. Live Events The KSCA management swiftly moved the high court last week after chief minister Siddaramaiah ordered the arrest of its office bearers along with the senior executives of RCB Bengaluru and DNA Entertainment Networks charging them with culpable homicide not amounting to murder and other sections under Bharatiya Nyaya Sanhita. Their petition prayed for the quashing of the FIR holding KSCA management accountable for the deaths and injuries to RCB fans.
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Business Standard
an hour ago
- Business Standard
Diageo weighs RCB stake sale as IPL hits $2 bn valuation, ad norms tighten
British spirits giant Diageo Plc is exploring the possibility of selling part or all of its stake in the Indian Premier League (IPL) cricket franchise Royal Challengers Bengaluru (RCB), Bloomberg reported on Tuesday. The company, which holds the team through its Indian subsidiary United Spirits Ltd, is in early discussions with potential advisers. While no final decision has been made, the franchise could be valued at up to $2 billion. Diageo and United Spirits have not issued any public statements regarding the potential divestment. Health Ministry urges tighter ad rules on IPL ads The move comes as Diageo faces mounting regulatory pressure from the Union Health Ministry to curb indirect advertising of alcohol during major sporting events like the IPL. The company has historically leveraged soda and non-alcoholic brand extensions to maintain visibility under existing restrictions, a strategy that could soon be curtailed under stricter advertising norms. Valuation soars with RCB's commercial rise RCB, one of the original teams in the IPL) was first owned by liquor tycoon Vijay Mallya. The team later came under the control of Diageo after it took over Mallya's beleaguered spirits empire. RCB recently won its first IPL title, a major milestone that has boosted its visibility and commercial appeal. With Virat Kohli - one of the most followed athletes globally - in its ranks, RCB commands enormous market appeal, particularly across digital platforms. The potential sale comes as IPL franchise values continue to soar, thanks to the league's rapid commercial growth, bringing it on par with the NFL and English Premier League in terms of global influence and ad revenue. For Diageo, the timing may be strategic. The company is witnessing a decline in premium liquor sales in its largest market, the United States, and broader global cost pressures. Selling RCB, a non-core part of its business, could free up funds and help Diageo focus on its main operations. Health Ministry pushes to ban surrogate promotions of alcohol, tobacco The backdrop to this development includes a recent push by India's Union Health Ministry to ban all forms of alcohol and tobacco advertising, including surrogate promotions, during IPL broadcasts and related events. In March, the ministry wrote to IPL Chairperson Arun Singh Dhumal, urging a complete prohibition on such advertisements across all platforms, including television, stadiums, and affiliated venues. 'The Indian Premier League (IPL), being India's most viewed sporting event, sends a contradictory message to the public about health and fitness when it allows the direct or indirect promotion of tobacco and alcohol,' the ministry had said in a statement. The ministry also called for a ban on the sale of tobacco and alcohol products at all IPL-related events and sports facilities.
NDTV
an hour ago
- NDTV
RCB Owners Looking To Sell Franchise After IPL 2025 Win: Sources
Indian Premier League (IPL) franchise Royal Challengers Bengaluru (RCB), just a week after winning the 2025 title, could be looking at new owners. Sources have told NDTV that the franchise's current owners, Diageo Plc, are out in the market, looking to sell the franchise, either partially or fully. The decision comes in the wake of the high that the brand has witnessed after the team won its maiden IPL title, putting an end to the 18-year-long hiatus. RCB is run by United Spirits Ltd in India, through Diageo Plc, which is to are already in talks with potential investors. Though there's no official information on the valuation of the franchise that has come yet, it has been reported by Bloomberg that the owners might demand a price as high as USD 2 billion (approx. INR 16,834 crores) for complete sale. British distiller and United Spirits Ltd.'s parent Diageo Plc is evaluating options to sell a partial or full stake in Royal Challengers Bengaluru, according to people familiar with the matter. The liquor giant is exploring ways to monetise the IPL franchise after its recent title win, the people said, adding, Diageo is talking to potential advisors to manage the deal. As the news of RCB's potential sale broke, the sentiments also gave a boost to United Spirits' shares a boost. The stock prices went up as much as 3.3% on Tuesday morning. However, the decision wether to sell the franchise, or not, isn't final yet. Right after the high of the IPL title triumph, RCB also hit a low when the franchise's title celebrations at the M Chinnaswamy Stadium in Bengaluru turned fatal for 11 fans. The loss of lives in the celebrations saw the euphoria sink dramatically. How Diageo Bought RCB When the franchise started in 2008, it was originally bought by Vijay Mallya, who used to own Kingfisher Airlines and was one of the most renowned figures in India's liquor industry. Mallya found himself embroiled in a debt trap that brought his empire crashing down, giving Diageo an opportunity to buy RCB through its subsidiary in India, United Spirits. RCB remains one of the most followed sporting teams on social media across the globe. In cricket, the franchise has the biggest fanbase despite the lack of success it has had in the T20 league.
