Ananya Birla Drops Major Update On RCB After Defending Champions Become Most Expensive IPL Franchise 'Good News Is...'

(MENAFN- Live Mint) Defending champions Royal Challengers Bengaluru (RCB) will have a new owner after the franchise was acquired by a consortium comprising Aditya Birla Group, The Times of India Group, Bolt Ventures founded by sports investor David Blitzer, and American asset management firm Blackstone.

The consortium are buying RCB and it's women's team from United Spirits Limited in a transaction valued at approximately ₹166.6 billion ($1.78 billion), in a deal that was announced on Tuesday, four days before the Bengaluru-based franchise start their IPL defense. It also made RCB as the most expensive franchise in IPL history.

Amid the buzz on RCB, speculation were rife whether the franchise will have its original name Royal Challengers Bengaluru. Putting rest to all the speculations, Ananya Birla, daughter of industrialist Kumar Mangalam Birla and a key public face of the Aditya Birla Group, took to Instagram to settle the debate. She stated that the franchise name will remain the same.

“RCB is sold for 16705 crores..!” Ananya wrote on her Instagram story.“A consortium of Aditya Birla Group, David Blitzer, Blackstone has acquired RCB. Good news is as per reports Aditya Birla group have confirmed that the name 'Royal Challengers Bengaluru' will remain same,” she added further.

Who will head RCB after takeover?

It must be noted that the takeover of RCB by the new owners will take place after the commencement of IPL 2026. Under the new ownership structure, Aryaman Vikram Birla, Director of Aditya Birla Group, will takeover as the chairman. Satyan Gajwani of The Times of India Group will take up the role of vice-chairman of RCB.

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