RCB on course to become most expensive T20 franchise, set to be sold for over Rs 16,706 crore
Bengaluru: The consortium of Aditya Birla Group, The Times of India Group, Bolt Venturesย and Blackstoneโs perpetual private equity strategy stepped in to become the joint owner of the Royal Challengers Bengaluru (RCB) in IPL. Together, they have agreed to acquire the franchise in a transaction pegged at USD 1.78 billion (approximately INR 16,706 crore). With that, RCB is set to become the most expensive T20 franchise in history.ย Meanwhile, the deal covers both the menโs and womenโs teams competing in the IPL and WPL. Leadership roles within the new structure have already been outlined as Aryaman Vikram Birla is set…