Royal Challengers Bengaluru (RCB) owner, Diageo Plc is looking to sell the franchise

[Rd22]

The British distiller has been holding discussions with potential advisers as it weighs possibilities including a sale of part or all of the club, the people said. Diageo owns the team through its Indian unit, United Spirits Ltd., and may seek a valuation of as much as $2 billion, the people said.

The discussions come at a time when India’s health ministry has been pushing to ban promotion of tobacco and alcohol brands in the IPL, and stop indirect promotion of other unhealthy goods by sports personalities.
Diageo Weighs Options for Stake in Indian Cricket Franchise RCB

 

[Ashish_91]

Royal Challengers Bengaluru owner, Diageo Plc is looking to sell the franchise, either partially or fully.

Owners are likely to demand a price as high as USD 2 billion for the complete sale.

 

[Deep Mody]

The British distiller has been holding discussions with potential advisers as it weighs possibilities including a sale of part or all of the club, the people said. Diageo owns the team through its Indian unit, United Spirits Ltd., and may seek a valuation of as much as $2 billion, the people said.

The discussions come at a time when India’s health ministry has been pushing to ban promotion of tobacco and alcohol brands in the IPL, and stop indirect promotion of other unhealthy goods by sports personalities.
Diageo Weighs Options for Stake in Indian Cricket Franchise RCB

Royal Challengers Bengaluru owner, Diageo Plc is looking to sell the franchise, either partially or fully.

Owners are likely to demand a price as high as USD 2 billion for the complete sale.

 

[Rd22]

It's same like Bloomberg report on Reliance talks with Disney for buying Star India stake, everyone will denny till official announcement within next 9 months.

 

[Divyam]

It's same like Bloomberg report on Reliance talks with Disney for buying Star India stake, everyone will denny till official announcement within next 9 months.

So if they are selling why they are selling

 

[JackYU]

So if they are selling why they are selling

Why not? Its valuation is at its peak and perfect time to exit

 

[Divyam]

Why not? Its valuation is at its peak and perfect time to exit

But this will be just one time profit and having team will be long term profit

 

[JackYU]

But this will be just one time profit and having team will be long term profit

It's upto the investors. GT's original owners sold majority stake just after 3 years