India, March 27 -- Like with all good investments, entry and exits in Indian Premier League ownership don't translate to clear winners and losers. Take the latest exchange of hands with the Royal Challengers Bengaluru, whose latest valuation is a record $1.78 billion.

Diageo, for whom franchise ownership was a non-core business decided to walk away. They booked a whopping profit - RCB's original value in 2008 was $111.6m. As for the soon-to-be owners - a consortium comprising Birla Group, Bolt Ventures' David Blitzer, Blackstone and Times Internet-they come with a bullish outlook. One way or the other, record numbers from the RCB sale, for one of the league's most popular franchises, give a further fillip to the IPL's standing in global ...