Overview

• Lalit Modi posted on social media that Royal Challengers Bengaluru’s owners have decided to remove the franchise from their balance sheet and seek buyers.
• Modi projected a price tag of at least $2 billion, suggesting a valuation near $2.5 billion if a deal occurs next year.
• Bloomberg reported in June that Diageo, which holds RCB through United Spirits, had begun preliminary talks with advisers to evaluate exit options.
• Reports cite regulatory scrutiny of indirect alcohol advertising as a factor in Diageo’s thinking, alongside a broader review of non-core assets.
• RCB’s first IPL title this year has boosted commercial appeal, while a fatal stampede at public celebrations drew additional scrutiny of the franchise.