India, March 26 -- Vijay Mallya has shared a nostalgic message following the transition of Royal Challengers Bengaluru (RCB) to new ownership. While wishing the new owners "Godspeed," Mallya looked back at when he "bought the franchise in 2008 for INR 450 crores".

"I would like to heartily congratulate the new owners of RCB. I wish them the very best and Godspeed with the most valuable IPL franchise. When I bought the franchise in 2008 for INR 450 crores, most people laughed at me and criticised my investment as a vanity project. Behind my much touted madnesses was building the Royal Challenge brand and hence I named the franchise RCB. Immensely gratifying to see my INR 450 crore investment grow to INR 16,500 crores," Vijay Mallya wrote....