India, Oct. 2 -- Adar Poonawalla, the CEO of the Serum Institute of India, added fuel to the fire as he responded to rumours of him buying the Royal Challengers Bangalore (RCB), one of the most popular Indian Premier League (IPL) franchises. According to CNBC-TV18, Poonawalla has already begun negotiations with Diageo Plc, the current owners of RCB, regarding the purchase of the franchise. However, it remains unclear whether Diageo Plc intends to sell all of its shares in RCB.

Speaking of Diageo Plc, the company owns United Sports. According to several reports, the British multinational alcoholic beverage business is seeking a valuation of USD 2 billion for RCB.

According to Houlihan Lokey's IPL Valuation Study 2025 report, RCB was the ...