IPL: British Distiller Diageo Eyes Stake Sale In RCB Franchise At $2 Billion Valuation

British spirits giant Diageo, a major shareholder in the Indian Premier League (IPL) franchise Royal Challengers Bengaluru (RCB), is reportedly considering a sale of its stake in the team. Reports suggest that Diageo is seeking a valuation of around $2 billion for the franchise. This potential sale comes at a time when the valuation of IPL teams has skyrocketed, driven by lucrative media rights deals and growing global interest in the league. For Diageo, selling its stake in RCB could be a strategic move to monetize a non-core asset at a very high valuation, allowing it to focus on its primary business of alcoholic beverages. If the sale goes through at this price point, it would set a new benchmark for the valuation of IPL franchises and underscore the immense commercial success of the cricket league.