The Indian Premier League (IPL) might be on the verge of a major ownership shift. On Friday, business tycoon Harsh Goenka posted on X (formerly Twitter) hinting that two IPL teams, Royal Challengers Bengaluru (RCB) and Rajasthan Royals (RR), could potentially be available for sale.

While Harsh Goenka’s comment about Rajasthan Royals (RR) has not been officially verified by the franchise, it has certainly ignited a wave of speculation and rumors.

“I hear, not one, but two IPL teams are now up for sale- RCB and RR. It seems clear that people want to cash in the rich valuations today. So two teams for sale and 4/5 possible buyers! Who will be the successful buyers- will it be from Pune, Ahmedabad, Mumbai, Bengaluru or USA?” Harsh Goenka added.

Unlike RCB, which has publicly started the process of selling its franchise, the future of Rajasthan Royals (RR) remains unclear. The team is owned by Royal Multisports Private Limited, with Manoj Badale as the majority shareholder, supported by the US-based investment firm RedBird Capital Partners.The franchise and its owners have yet to make any official announcement indicating plans to sell.

This contrasts with the situation at RCB, where developments have been more openly communicated.
News reports indicate Diageo is eyeing a valuation close to USD 2 billion (around Rs 17,000 to Rs18,000 crore), placing RCB among the most valuable sports teams globally.

On November 5, 2025, RCB’s parent company, United Spirits Ltd (USL), owned by the UK-based Diageo, disclosed that it would conduct a “strategic review” of its investment in the franchise.The review could result in a total sale, a partial divestment, or even a full restructuring, with a decision expected to be made by March 31, 2026.