Who Is The Owner Of RCB (RCB Owner Name 2024)

Who Is The Royal Challengers Bangalore Owner Name And Photo – Let us tell you that the first owners of RCB were Kingfisher owner Vij Mallya and United Spirits, although now Mallya is not the owner of RCB, so now the question arises that these days the owner of Royal Challengers Bangalore is Who is the owner? So let us tell you about it in detail –

Who Is The Royal Challengers Bangalore Owner Name (The RCB Owner)

Royal Challengers Bangalore is now owned by United Spirits. Royal Challengers Bangalore has a brand value of Rs 7,853 crore, and is owned by United Spirits Limited. Let us tell you that Mallya was earlier the chairman of this company, but he had resigned from this post.

Indian liquor baron and former United Spirits chairman Vijay Mallya purchased the Royal Challengers Bangalore (RCB) franchise ahead of the inaugural season of the Indian Premier League (IPL) in 2008.

Mallya bought the Bangalore franchise for $111.6 million, which was the second highest bid. Only Reliance Industries ($111.9 million) invested more than Mumbai Indians (MI). He was also the owner of Royal Challengers Sports Private Limited (RCSPL), the parent company of RCB.

United Spirits is part of UK-based business group Diageo PLC. However, Mallya is no longer the owner of the RCB franchise. He stepped down as director of RCSPL in 2016. Vijay Mallya’s exit came after it was reported that he owed Rs 9000 crore to 17 Indian banks, due to which he fled India and lives in his home in London.

Know the whole thing

First of all, know that RCB is one of those teams which has been a part of IPL since the initial 2008 edition. Vijay Mallya had bought the Bengaluru based franchise at the second highest price in a T20 league like IPL.

Mallya established his ownership stake in RCB for $111.6 million. However, Reliance had made the highest bid of $111.9 million for the Mumbai-based franchise.

Let us tell you that when Mallya bought RCB, he used to be the chairman of Kingfisher Airlines and United Spirits, that is, he had bought the team under this company.

Since, Mallya was declared bankrupt in the year 2015-16 due to which the government auctioned his airline company. Hence, he lost his ownership rights of this team. Since then, United Spirits Limited is the sole owner of this franchise, whose Chairman is Prithmesh Mishra.

United Spirits is an alcoholic Indian company that manufactures and sells various drinks including wine and beer. However, it is registered under a subsidiary of a Diego Group company which is very famous in the production and sale of liquor across the world.

FAQs

Who is the owner of RCB team 2024
RCB team is owned by United Spirits Limited.

Who is the owner of RCB now?
Currently the owner of RCB is United Spirits Limited.