The Royal Challengers Bangalore are one of the most popular teams in the Indian Premier League right now. The Bangalore-based franchise have never captured a trophy in their history so far, but they have one of the largest fanbases. While RCB have many fans, only a few of them know about the current owner of the team.
It is well-known that Indian businessman Vijay Mallya bought the Royal Challengers Bangalore team in 2008. He was the director of this franchise for a long time, but because of his financial issues, he had to resign from his post. He resigned from his post on February 25, 2016.
The fans should note here that although Vijay Mallya made the bid to buy the Royal Challengers Bangalore, United Spirits owned the real owner of RCB. It is an Indian alcoholic beverage company. Even after Mallya resigned as the director, United Spirits continue to own the Royal Challengers Bangalore team.
United Spirits is a subsidiary of England-based company Diageo. It is the largest Indian alcoholic beverage company and stands at the second position in the world. Currently, the Chairman of United Spirits Limited is Mahendra Kumar Sharma, while the Managing Director and CEO is Anand Kripalu.
The owner of RCB has never changed. The ownership has always remained in the hands of United Spirits Limited only. The COVID-19 pandemic hit the Royal Challengers Bangalore’s brand value last year. In 2019, the brand value of RCB was 595 crore INR, which dipped 9.9% and fell to 536 crore INR in 2020.
How much money does RCB owner make?
The next question in the minds of almost every cricket fan is that how much the owner of RCB earn from this franchise. Obviously, the net worth will realize only when he sells it. However, there is also a profit for the RCB owner from the sponsorships, ticketing and other monetizing activities.
The fans would have seen the logos of various popular brands on the RCB kit. The companies need to pay a sum of money to display their logo on the jersey. Also, when the things were normal, ticket-selling constituted a part of the revenue generated by the IPL teams.
Unfortunately, in the the last one and a half seasons, there has been no ticketing revenue for the teams. However, the teams have still managed to make a decent amount of money thanks to the sponsorships. Lastly, speaking of the exact revenue made by RCB owner, in 2019, the revenue was INR 313 crore from the franchise.
