Adar Poonawalla, Manchester United co-owners exit race to buy RCB, two contenders remain
Bengaluru: The ownership battle for Royal Challengers Bengaluru has entered its final stage, with only two bidders left after the submission of binding offers. United Spirits, part of the Diageo group, is now preparing to review the remaining proposals and decide on a preferred buyer. One of the contenders is Swedish private equity firm EQT, which is reported to have submitted a significant financial offer. The other bid comes from a consortium featuring Ranjan Pai of Manipal Hospitals, US-based KKR stakeholder and Singaporeโs Temasek.ย On the other hand, potential buyers, including the Glazer family, who are the co-owners of Manchester…