RCB possession might change arms; USL initiates strategic overview of the funding

United Spirits Ltd. (USL), the Indian arm of London-based Diageo, is initiating a strategic overview of funding in its wholly owned subsidiary, Royal Challengers Sports Pvt. Ltd. (RCSPL), the corporate that owns the Royal Challengers Bengaluru (RCB), the agency stated in a regulatory submitting on Wednesday.

Praveen Someshwar, Managing Director & CEO, USL stated: “RCSPL has been a worthwhile and strategic asset for USL; nonetheless, it’s non-core to our alcobev enterprise.’’

“This step would reinforce USL’s & Diageo’s dedication to proceed reviewing its India enterprise portfolio to allow sustained supply of long-term worth to all its stakeholders, whereas holding RCSPL’s finest curiosity in thoughts,” Someshwar added.

According to the statutory doc, RCSPL’s enterprise contains possession of each the lads’s and ladies’s RCB groups which compete within the Indian Premier League and Women’s Premier League respectively. While the lads’s workforce gained the IPL title this yr, the ladies have been topped champions in 2024.

Speculation that RCB could be up on the market has been rife for the reason that June 4 stampede exterior the M. Chinnaswamy Stadium that killed 11 individuals in the course of the franchise’s title-winning celebrations.

USL’s strategic overview course of is anticipated to conclude by March 31, 2026.