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11 Jun, 2025
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Sale buzz of Virat Kohli’s RCB after IPL 2025 win an attempt to save brand, divert attention?
@Source: odishatv.in
Fresh off their dramatic six-run victory over Punjab Kings in the IPL 2025 final on June 3 RCBrsquos long-awaited title win has not only triggered celebrations and backlash across Karnataka but also renewed commercial interest in the franchise. Media reports on Tuesday suggested that Diageo Plc the UK-based parent company of United Spirits which owns RCB was evaluating options to monetize its IPL asset either through a partial or full sale. Further Bloomberg reported that Diageo has been in early discussions with financial advisors and potential investors. The franchise according to these reports could be valued at up to USD 2 billion Rs 16800 crore approx making it one of the most expensive teams in IPL history and standing more than double the valuation for which Gujarat Titans were acquired in 2023. Diageo Denies Sale Calls Reports lsquoSpeculativersquo Despite the market chatter Diageo has publicly dismissed the reports as baseless. In a letter addressed to the Bombay Stock Exchange on June 10 Diageo Indiarsquos company secretary Mital Sanghvi categorically denied the rumours. The denial came after the BSE sought clarification in light of the rising stock prices of United Spirits which saw a 3.3% jump following the initial Bloomberg report. While the companyrsquos response appears unequivocal industry insiders suggest that such denials are typical in early-stage deal explorations especially for publicly listed entities. ALSO READldquoIf only it came earlierrdquo Former Indian greats blunt take on RCBrsquos long wait dream and its cost Title High Celebration Tragedy and Corporate Pressure The timing of the rumours is particularly significant. RCBrsquos championship victory ended an 18-year drought and reinvigorated one of the IPLrsquos most popular fanbases. Yet just a day after the win tragedy struck. A stampede during RCBrsquos victory celebration at the M. Chinnaswamy Stadium on June 4 led to the deaths of 11 fans casting a shadow over the historic moment. Sources close to the sports business circuit believe this tragedy may have triggered internal debates within Diageo about reputational risks. Besides some speculate that such rumours are being reported by a certain group of media houses to divert the attention from the recent deaths due to stampede. ALSO READBengaluru stampede Police arrests officials of RCB event management firm RCB meanwhile has built one of the largest global fanbases in cricket thanks to superstars like Virat Kohli AB de Villiers and more recently Rajat Patidar and Jitesh Sharma. The teamrsquos social media presence is unmatched in the IPL and merchandise sales brand partnerships and engagement metrics often outpace even more successful franchises. Even if Diageo is not currently in active talks to sell RCB the franchisersquos valuation media attention and now silverware make it a prized asset in the global sports investment market.
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