RCB Sale Nears $2B Mark: EQT vs. Pai Consortium

The Royal Challengers Bengaluru ownership is set for a major change in 2025, with EQT and a Pai-led consortium vying for the $2B stake. Learn about the bidders and the sale deadline.

The operational control of the Royal Challengers Bengaluru (RCB) is set to transfer to new ownership in 2025, with a critical bid deadline approaching on March 31. The current owner, Diageo, has seen the race for the IPL franchise narrow to two key contenders.

Swedish private equity firm EQT has submitted a significant bid, competing against a consortium involving Ranjan Pai, US firm Kohlberg Kravis Roberts, and Singaporean company Temasek. Both parties are reportedly prepared to meet the $2 billion valuation set by Diageo.

This $2 billion valuation appears to be a strict threshold, as earlier interested parties, including the Glazer family and Adar Poonawalla, reportedly withdrew after offering a maximum of $1.8 billion. The exclusivity phase will commence if both final bidders meet the valuation.

The sale process is expected to extend into the latter half of 2026, following the March 31 deadline and potential exclusivity negotiations.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.