Adar Poonawalla Sparks RCB Ownership Rumors!

Adar Poonawalla, the CEO of Serum Institute of India, has set the cricket world abuzz with his recent tweet that seemingly hints at a possible acquisition of the Royal Challengers Bangalore (RCB) franchise from its current owner, Diageo Plc. According to reports from CNBC-TV18, discussions may already be underway, as Poonawalla expresses interest in what is arguably one of the most prestigious franchises in the Indian Premier League (IPL). With RCB having recently achieved its first IPL title, they are considered a valuable asset, thought to be valued around USD 2 billion by Diageo Plc. Rumors have intensified with former IPL commissioner Lalit Modi suggesting that RCB’s current owners are contemplating a sale to rid themselves of the franchise from their balance sheet. Modi’s statement also pointed towards the strategic advantages of owning RCB, especially after their recent success and strong fanbase. As interest grows and with global investment bank Citi now acting as an advisor on potential transactions, the cricketing community watches closely to see how these developments unfold. Will Poonawalla step up to own RCB, solidifying his position in the sports world? Only time will tell as speculation continues to grow around this high-stakes acquisition.