RCB owner Diazio denies speculation about IPL franchise sales

Royal Challengers Bangalore (RCB) owners Diazio PLC denied rumors of selling their Indian Premier League (IPL) franchise. It was only a week ago that RCB had picked up its first IPL trophy. And when, on June 10 in the morning, it was reported that Diazio may be interested in selling franchisees, which is allegedly priced at $ 2 billion (Rs 17,132 crore).

RCB, not being sold

As CrackbaseDiazio India has written to the Bombay Stock Exchange (BSE) and BSE Monitoring Department, denying these rumors.

“The company would like to clarify that the aforesaid media report is speculative in nature and it is not chasing any such discussion. It is for your information and record,” Mittal Sanghvi wrote the Vice President of Treasury & Company Secretary.

Reports states that Diazio may sink the fire burned during the RCB ceremony in Bangalore. About 2.3 lakh people in this program. Chinnaswamy gathered at and around the stadium. And led to an unfortunate demise of 11 persons due to stampede and more than 50 were injured.

Evaluation of RCB

As far as the evaluation of the franchise is concerned, it is understood that in reality, RCB can be valued at around $ 1 billion (Rs 8,500 crore). But according to IPL founder and first president Lalit Modi, the new crown champions can actually get about $ 2 billion. “I won’t wonder if it is sold for a high price,” Modi said.

Modi said that the Titans of Gujarat are being purchased by the Torrent Group for Rs 7,500 crore (67%), which was done this year, there should not be a barometer for evaluation. No one can forget that Virat Kohli, the world’s largest cricketer, is the face of RCB. And his fan base seems to be the largest in any franchise cricket team.