Bengaluru: There was an earthquake in the history of the Indian Premier League (IPL) on Tuesday which has surprised both the cricket and business world. One of the most popular cricket teams in the world, Royal Challengers Bangalore (RCB) Now it will be seen in the field with a new ownership. The consortium of Kumar Mangalam Birla led Aditya Birla Group (ABG) has signed the final agreement with United Spirits Limited (USL) to purchase the legendary franchise.

Rajasthan Royals’ record broken, becomes the most expensive team

This deal is not just a business agreement, but the biggest financial milestone in the Indian sports world. According to reports, this deal is close to Rs 16,706 crore ($1.78 billion) It has been decided in. With this huge amount, RCB has also shattered the record of Rajasthan Royals’ recent deal of Rs 15,300 crore. Now RCB has officially become the most valuable team of IPL.

Alliance of giants: These big names came with Birla

This group that bought RCB is quite powerful. In this consortium along with Aditya Birla Group Times of India Groupfrom American veteran investor David Blitzer Bolt Ventures and global investment firm blackstone Are included. The most special thing about this deal is that Birla Group will now not only own the men’s team (IPL) but also the women’s team (WPL). Currently RCB is the champion of both the leagues, which has taken its brand value to the seventh sky overnight.

Former cricketer will take command: Aryaman Birla will be the new boss

With the change in ownership of the franchise, there have been major changes in the top management positions as well. Director of Aditya Birla Group and former professional cricketer Aryaman Vikram Birla is being appointed as the new chairman of RCB. With the arrival of Aryaman, who understands sports and business, the team is expected to get a new direction. At the same time, Times Internet Chairman Satyan Gajwani has been given the responsibility of Vice-Chairman.

Kumar Mangalam Birla’s vision and BCCI’s approval

Expressing happiness over this historic deal, Kumar Mangalam Birla said that IPL is a global powerhouse today and it is a matter of pride to be associated with an iconic team like RCB. However, this mega deal is yet to take full effect. Board of Control for Cricket in India (BCCI) And the official green signal from the Competition Commission of India (CCI) is awaited. It is believed that the management transition will be completed gradually during the IPL 2026 season.