Inside the record $1.78 billion bid for champs RCB
Mumbai, March 28 -- Like with all good investments, entry and exits in IPL ownership don't translate to clear winners and losers. Take the latest exchange of hands with RCB, 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 other, record numbers from the RCB sale give a further fillip to the IPL's standing in global sport and to the India story. "When I first started coming back and forth to India in 2016-17, I re...
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