Diageo is looking to sell Royal Challengers Bengaluru, attracting interest from Bengaluru billionaires Nikhil Kamath and Ranjan Pai. The two may team up to bid for the iconic IPL franchise. The potential buyers aim to establish a strong local connection to resonate with RCB’s massive fanbase and gain credibility within Karnataka’s political and business circles. Diageo has officially initiated the sale process for RCB, sparking speculation about the team’s future ownership. Reports suggest that a consortium including Kamath, Pai, and Adar Poonawalla could be considering a joint bid for the franchise. Forbes estimates Kamath’s net worth at 2.5 billion dollars and Pai’s at 2.8 billion dollars. The value of RCB, currently over 1 billion dollars, is expected to be much higher following their recent IPL championship win. The IPL’s total business value is estimated at 18.5 billion dollars, with RCB leading all franchises with a brand valuation of 269 million dollars. This information has not been independently verified by HT.com.
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