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Is Vijay Mallya Owner Of RCB – The Indian Premier League started in 2008 and Royal Challengers Bangalore (RCB) has become one of the most popular franchises. As popular as RCB team is, Vijay Mallya has also been equally famous due to his lavish lifestyle. RCB is today a team which is followed by millions of people on the internet. Even today, discussions are often seen among people whether Vijay Mallya is still the owner of RCB or not? So let us know –
Is Vijay Mallya Owner Of RCB – Is RCB Owner Vijay Mallya
No, Vijay Mallya is no longer the owner of RCB. Former United Spirits chairman and Indian liquor baron Vijay Mallya had purchased the Royal Challengers Bangalore (RCB) franchise. The franchise was purchased ahead of the inaugural season of the Indian Premier League (IPL) in 2008.
The Bangalore franchise was bought by Vijay Mallya for $111.6 million, the second highest bid after Reliance Industries ($111.9 million). Only Reliance Industries had invested more than that, with $111.9 million.
United Spirits is part of Diageo PLC, a UK-based business group. However, Vijay Mallya is no longer the owner of the RCB franchise. Vijay Mallya stepped down as director of RCSPL in 2016. Vijay Mallya’s exit came at a time when it was reported that Vijay Mallya owed Rs 9000 crore to 17 Indian banks, due to which Vijay Mallya fled India and now lives in his home in London.
Let us tell you that when RCB franchise came into existence in 2008, Vijay Mallya had bought it. Actually, Mallya used to be the chairman of a company named United Spirits at that time, but RCB was bought by Mallya alone.
Let us tell you that United Spirits is a company of UB Group but Vijay Mallya is no longer its chairman. From 2013 onwards, business difficulties started increasing for Mallya and in 2016 he was removed from the post of chairman of the company.
He was facing financial crisis and meanwhile, on February 25, 2016, a statement was issued by United Spirits Company that Vijay Mallya has resigned from all his positions in the RCB franchise. Along with this, he also left the post of director of RCB, that is, Vijay Mallya was last seen as the owner of RCB franchise in 2016.
Even though Vijay Mallya has left RCB, the ownership of the team has now gone to United Spirits Company instead of Vijay Mallya. Since Mallya is no longer with the United Spirits company, he no longer has any connection with the RCB franchise. Mallya is currently working as the Chairman of United Breweries Group, which is one of the world’s largest companies involved in the liquor business.
United Spirits is the real owner
Bangalore team is owned by United Spirits. According to the website of Royal Challengers Bangalore, ‘Royal Challengers Bangalore, also known as RCB, is a Bangalore-based IPL franchise. The ownership of this team is with United Spirits Limited based in Bangalore. Let us tell you that Mallya was earlier the chairman of this company, but he has resigned from this post. The current CEO and Managing Director of Royal Challengers Bangalore (RCB) is Hina Nagarajan.