RCB Ownership Update: Adar Poonawalla confirms plan to buy Royal Challengers Bengaluru

Royal Challengers Bengaluru (RCB) won their maiden IPL title in 2025.

The Royal Challengers Bengaluru (RCB), one of the Indian Premier League’s (IPL) most iconic franchises, has etched their name in cricket folklore over 18 years of highs, lows, and unwavering fan loyalty. Founded in 2008 during the IPL’s inaugural auction, RCB was acquired by Vijay Mallya’s United Breweries Group for a staggering USD 111.6 million.

From the outset, the team boasted star power, with legends like Virat Kohli, AB de Villiers, and Chris Gayle donning the red and gold. However, success eluded them for years, with three runner-up finishes (2009, 2011, 2016) but no titles, earning them the tag of perennial underachievers

The breakthrough came in their 18th season, when RCB finally lifted the trophy, defeating Punjab Kings in a thrilling final at Ahmedabad’s Narendra Modi Stadium. Led by Kohli’s excellent batting and a balanced squad, the victory ended a 17-year drought.

It wasn’t just a sporting triumph but symbolized resilience, drawing parallels to their passionate fanbase. RCB boasts the IPL’s largest global following, with over 50 million social media followers and a dedicated “12th Man Army” known for electrifying atmospheres at Bengaluru’s M. Chinnaswamy Stadium.

Adar Poonawalla’s Serum Institute enters the bidding for RCB

Yet, this glory is bittersweet amid ownership changes. In 2014, Diageo, the British spirits giant and parent of United Spirits Ltd., acquired a majority stake in UB Group, effectively controlling RCB. Last year, following the IPL win, Diageo announced plans to divest, citing a strategic shift away from non-core assets.

Reports peg the franchise’s valuation at around USD 2 billion, reflecting its brand strength and revenue from broadcasting rights, sponsorships, and fan merchandise. The sale, handled through corporate channels with Citi as advisor, aims to find “fresh hands” for the team, potentially marking the end of an era tied to Mallya’s legacy.

Also Read: RCB Sale: Adar Poonawalla leading to takeover of IPL team Royal Challengers Bengaluru [Exclusive]

Enter Adar Poonawalla, the 45-year-old CEO of Serum Institute of India and Chairman of Poonawalla Fincorp, who has thrown his hat into the ring. In a post on X (formerly Twitter), Poonawalla confirmed his intent:

“Over the next few months, will be putting in a STRONG and COMPETITIVE bid for @RCBTweets, one of the best teams in the IPL.”

Known for his role in global vaccine production during the COVID-19 pandemic, Poonawalla’s interest aligns with his growing portfolio in sports and finance. If successful, it could infuse new energy into RCB, especially as they navigate challenges like the Chinnaswamy Stadium’s conditional approval for IPL 2026 matches after a tragic stampede last year that claimed 11 lives.

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