India, March 26 -- Popular IPL team the Royal Challengers Bengaluru (RCB) is back into focus-this time not for on-field action, but for a record-setting deal that reshapes the franchise's future.

In one of the biggest transactions seen in cricket, a consortium of Indian and global investors has acquired the Bengaluru-based team in an all-cash deal worth USD 1.78 billion (around Rs.16,660 crore). The franchise, which competes in both the Indian Premier League and the Women's Premier League, was previously owned by United Spirits Limited.

The new ownership group brings together major names, including the Aditya Birla Group, Blackstone's BXPE arm, Bolt Ventures led by David Blitzer, and the Times of India Group.

While the deal still await...