United Spirits denies RCB stake sale reports, calls media claims speculative
United Spirits Limited has officially clarified that recent media reports regarding a potential stake sale in Royal Challengers Bangalore (RCB) are speculative and inaccurate. Company Issues Official Statement
United Spirits Limited, the Diageo-owned alcoholic beverages company, responded to BSE surveillance queries on June 10, 2025, categorically denying any discussions related to selling its stake in the Indian Premier League franchise Royal Challengers Bangalore.
The company's official statement, signed by Company Secretary Mital Sanghvi, explicitly stated that the media reports are 'speculative in nature' and confirmed that United Spirits is 'not pursuing any such discussions' regarding RCB stake sale. Background: Bloomberg Report and Valuation Speculation
According to a Bloomberg report, Diageo had held preliminary talks with advisers to evaluate the possibility of selling a part or full stake in RCB, aiming for a valuation of up to ₹17,000 crore ($2 billion). However, sources indicated that no final decision had been made and the company might ultimately choose to retain the franchise. RCB Ownership History and Current Structure
Royal Challengers Bangalore was initially purchased by Vijay Mallya in 2008 for ₹476 crore under United Spirits, with branding linked to Mallya's flagship alcohol products like Royal Challenge and Kingfisher. After Mallya's exit in 2016, control passed fully to United Spirits, now managed by Diageo.
Currently, Prathmesh Mishra, Diageo India's Chief Commercial Officer, serves as Chairman of Royal Challengers Sports Pvt. Ltd., the entity managing RCB operations. United Spirits also owns the RCB Women's Team, which recently won the WPL title, adding significant value to the franchise.
The speculation comes amid growing regulatory pressure from India's Health Ministry, which has been pushing for tighter regulations on advertising alcohol and tobacco brands in sports, including indirect promotions during the IPL.
The clarification came in response to BSE Surveillance Department's email communication dated June 10, 2025, which sought official confirmation from the company regarding the circulating media reports about potential RCB stake sale discussions.
United Spirits' prompt response demonstrates regulatory compliance and transparency in addressing market speculation that could impact investor sentiment and stock performance.
The official statement puts to rest market speculation and provides clarity to investors and stakeholders regarding United Spirits' position on the reported RCB stake sale discussions.
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