Royal Challengers Bangalore or RCB – as they are widely known as is one of the eight franchises to play in the Indian Premier League (IPL). As the name suggests, they hail from the southern parts of India – Bangalore and has been a part of this prestigious league since the inaugural season in 2008.
Meanwhile, RCB was founded by United Spirits, which is an Indian alcoholic beverage company. In fact, RCB was named after the company’s own brand Royal Challenge. They are yet to win the illustrious trophy despite reaching the finals on three occasions – 2009, 2011, and 2016.
Who is the owner of RCB?
United Spirits Limited is the owner of the Royal Challengers Bangalore (RCB). They are the largest Indian alcoholic beverage company and the second-largest in the world by volume. They have their headquarters in Bangalore, Karnataka.
Mahendra Kumar Sharma is the current Chairman of USL and Anand Kripalu acts as its Managing Director and Chief Executive Officer. The United Spirits Limited is a subsidiary of Diageo which a multinational Beverage alcohol company based in London.
How much RCB owners do earn from IPL?
United Spirits – the RCB owners have made approximately a net profit of INR 143 crores in the fiscal period from 2018 to 2019. This was in fact more than 10% of the total operating profit for United Spirits.
Meanwhile, during 2019 IPL, RCB made more than double of its last season’s earning. Their earnings for the season was Rs 313 crore. However, RCB’s contribution to the profit of its parent company United Spirits Limited was just 3%. Despite that, their numbers have gone up exceedingly well considering that their earnings were Rs 162 crore in 2017.
Popular entrepreneur Vijay Mallya made a bid of US$116.6 million to buy the Bangalore franchise after the Board of Control for Cricket in India (BCCI) came up with this revolutionary plan in 2007. He had made his mind to associate one of his two liquor brands – McDowell No. 1 or Royal Challenge. Later, the second was preferred and hence, the name of the franchise was Royal Challengers Bangalore.
Although United Spirits Limited was the parent company, people associated Vijay Mallya as the owner of RCB. However, Mally stepped down as the director Royal Challengers Sports Private Limited (RCSPL) on February 25, 2016. Currently, United Spirits Limited is the owner of RCB.