Diageo India has refuted media reports suggesting the sale of its Royal Challengers Bengaluru (RCB) IPL franchise, labeling them as speculative. Despite the denial, speculation persists, fueled by a Bloomberg report and a subsequent rise in United Spirits' shares. There are also murmurs about Diageo valuing the RCB franchise at around USD 2 billion. Read more on TOI
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In a shocking turn of events, it has been reported that the Royal Challengers Bangalore (RCB) franchise will be sold ahead of the IPL 2025 season. This news has sent shockwaves through the cricketing world, as RCB is one of the most popular and successful teams in the IPL. The decision to sell the RCB franchise comes after years of underwhelming performances in the IPL, despite having some of the biggest names in cricket on their roster. The team has failed to live up to the expectations of their fans and stakeholders, leading to a decline in their overall brand value. While the exact reasons for the sale of RCB have not been disclosed, it is believed that the current owners are looking to offload the franchise in order to focus on other business ventures. This move has left many fans disappointed and concerned about the future of the team. Speculations are rife about potential buyers for the RCB franchise, with several big names in the business and entertainment industry rumored to be interested in acquiring the team. It remains to be seen who will step in to take over the reins of the team and lead them to glory in the upcoming IPL seasons. As fans eagerly await more details about the sale of RCB, one thing is for certain - the team will always hold a special place in the hearts of cricket enthusiasts around the world. Whether under new ownership or not, the RCB franchise will continue to be a force to be reckoned with in the IPL, and fans can only hope for a brighter future for their beloved team.