RCB has been acquired for a record-breaking ₹16,660 crore ($1.78 billion) in an all-cash deal.
The purchasing consortium is led by the Aditya Birla Group and includes Blackstone, Times Group, and Bolt Ventures.
United Spirits Limited (USL) divested the team, treating it as a highly profitable exit from a non-core asset.
The massive valuation highlights the shift of IPL teams from corporate marketing tools to premium, cash-flowing institutional assets.
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