Royal Challengers Bangalore, popularly known as RCB, is a franchise-based cricket team. As the name suggests, RCB is based in Bangalore. They have been participating in the IPL since its first year in 2008. IPL fans are always curious to know, who is the owner of RCB? I’m guessing you’re one of those fans. Don’t worry, I have the answer, which I am sharing with you.
With a huge fan base, Royal Challengers Bangalore (RCB) is one of the most popular franchises in the history of the IPL. RCB surprised fans every time by signing many big names from the auction. They have played three IPL finals in 2009, 2011, and 2016 but have yet to win an IPL trophy.
If you are a true RCB fan, keep reading to know more details about the Royal Challengers Bangalore owner and the team. We promise you will enjoy reading this article.
RCB Owner and Team Details:
|Team Name||Royal Challengers Bangalore (RCB)|
|Current Owner||United Spirits Limited|
|Head Coach||Mike Hesson|
|Home Ground||M Chinnaswamy Stadium|
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Who is the owner of RCB in 2021:
RCB is one of the main eight teams, having been playing in the IPL since the opening season of the IPL in 2008. Rahul Dravid, Anil Kumble, Zaheer Khan, Kevin Pietersen, Virat Kohli, AB de Villiers, Cris Gayle and many more famous cricketers have played for RCB.
United Spirits Limited (USL) is the owner of Royal Challengers Bangalore (RCB). United Spirits Limited is the largest Indian alcoholic beverage company and the second-largest in the world in terms of volume. They are headquartered in Bangalore, Karnataka.
United Spirits founded RCB and named the franchise after its brand Royal Challenge. Prathmesh Mishra is the current chairman of IPL cricket franchise RCB, who also serves as the Commercial function at Diageo India and is part of its Executive Committee.
The previous chairman of RCB was Anand Kripalu, who completed his term as Managing Director and CEO of Diageo India on June 30, 2021. Prathmesh Mishra takes over the role of RCB Chairman from Anand Kripalu on 1st July 2021.
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Vijay Mallya – Director of RCB (2008-2016):
In September 2007, the Board of Control for Cricket in India (BCCI) announced the launch of a T20 league called the Indian Premier League. Teams representing 8 different cities in India, including Bangalore, were auctioned on February 20, 2008, in Mumbai.
There Vijay Mallya bought the Bangalore franchise for US$111.6 million. It was the second-highest bid for a team after Reliance Industrie, who brought Mumbai Indians for US$111.9 million.
Vijay Mallya intended to associate one of his two liquor brands McDowell No. 1 or Royal Challenge. Later, Royal Challenge was chosen and hence, the name of the franchise was Royal Challengers Bangalore.
He was the director of this franchise for a long time, but due to his financial problems, he had to resign from his post. He resigned from his post on February 25, 2016.
Fans should note here that even though Vijay Mallya bid to buy Royal Challengers Bangalore, United Spirits is the real owner of RCB.
How much do RCB team owners earn from IPL?
The Royal Challengers Bangalore owner, United Spirits Limited has made a net profit of Rs 143 crore in the financial year 2018-2019. This profit was more than 10% of the total operating profit of United Spirits Limited.
According to a survey by Duff & Phelps, the total value of Royal Challengers Bangalore in 2019 was Rs 595 crore. Meanwhile, during the 2019 IPL, RCB has more than doubled its earnings last season.
Their income in the 2020 season was Rs 313 crore. With no home matches in 2020, the team’s revenue from fans was expected to drop.
1. who is the owner of RCB in IPL 2021?
Answer: United Spirits is the owner of Royal Challengers Bangalore (RCB). United Spirits Limited is the largest Indian alcoholic beverage company and the second-largest in the world in terms of volume.
2. Is Vijay Mallya still the owner of RCB?
Answer: Vijay Mallya bought the Bangalore franchise for US$111.6 million. He intended to associate one of his two liquor brands McDowell No. 1 or Royal Challenge. Vijay Mallya was the director of this franchise for a long time, but due to his financial problems, he had to resign from his post. However, the real owner of RCB is United Spirits Limited.