Royal Challengers Bangalore Becomes Most Expensive IPL Team in History After $1.78 Billion Acquisition
Summary
Royal Challengers Bangalore (RCB) have become the most expensive IPL team in history after being acquired for $1.78 billion by a consortium including the Aditya Birla Group.
Key Points
- Royal Challengers Bangalore (RCB) has been acquired for $1.78 billion, setting a new IPL valuation record.
- The purchase was made by Aditya Birla Group, Times of India Group, Bolt Ventures, and Blackstone Perpetual Private Equity.
- Aryaman Birla, former cricketer and Director of Aditya Birla Group, was appointed as RCB's chairman.
- RCB's valuation increased about sixteen-fold since Vijay Mallya purchased it in 2008 for $111.6 million.
