IPL's Royal Challengers Bengaluru acquired for $1.78 billion by consortium

[p]The seller United Spirits, the ‌India arm of UK-based ⁠drinks ‌giant Diageo, launched a strategic ​review of its 100% holding of the [a href="https://www.flashscore.ca/team/royal-challengers-bengaluru/ObLbexsS/"]​Bengaluru[/a] franchise in November, labeling the team "non-core" to ⁠its ​primary alcohol business.[/p][p][b]The growing interest in IPL franchises is driven by rising team ‌revenues and the Twenty20 league's record valuation, which investment bank Houlihan Lokey pegged at $18.5 billion last year.[/b][/p][embed guid="13aa2a69-a840-493d-a928-ef78317e472b" url="https://x.com/india_plus_/status/2036455573177471178" social-type="twitter" /][p]Aditya Birla Group Director Aryaman Vikram Birla will serve as chairman of ‌the franchise and Satyan ​Gajwani of Times of ‌India Group will serve as vice chairman.[/p]