Don't even drink Royal Challenge: DK Shivakumar denies rumours of buying RCB
Karnataka Deputy Chief Minister DK Shivakumar has denied rumours that he plans to buy the Royal Challengers Bengaluru (RCB) team.'I'm not a mad man. I've been a member of the Karnataka Cricket Association since my younger days, that's all,' he said. 'I don't have time for this, though I did get offers to join cricket management. I don't even have time for my own educational institution, I resigned and left it to my family members.Why do I need RCB? I don't even drink Royal Challenge,' he said to news agency ANI.advertisementReports indicate that Diageo Plc, the British liquor giant that owns RCB through its Indian arm, United Spirits Ltd, is considering selling a part or full stake in the team.
According to sources cited in the report, Diageo has begun early talks with advisers and is weighing options, including a full sale. The company is reportedly looking at a possible valuation of up to 2 billion dollars for the team. However, no final decision has been made, and the discussions are still private.DK Shivakumar's comments come just days after a stampede at an RCB felicitation event in Bengaluru left 11 people dead. He also said that Karnataka is now working on a crowd management policy. Earlier on Tuesday, the Karnataka High Court questioned the state government on whether any Standard Operating Procedure (SOP) had been put in place to handle crowds of 50,000 or more at sporting events or similar large-scale celebrations.advertisement
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