Who Is The Owner Of RCB?
IPL is regarded as the largest T20 league in the world. That’s the reason millions of people are keen on this cricket tournament and, with great expectations, are waiting for the starting date of the appropriate season annually and more for the first hottest opening match with the hottest players in it. The IPL wouldn’t be so popular and spectacular if not for the solid teams playing in it.
Each IPL team is regarded as a personality with its own character and possibilities, with opportunities to fall down and get up and strength to overcome the hardships and reach the championship. Each team creates its own fate within IPL that entices more followers every year from season to season. How did the Board of Control reveal IPL for Cricket in India? It was the biggest breakthrough in the Indian sports industry that has disclosed many talents and an excellent way to maintain the country’s financial state.
The total number of teams partaking in the league is eight. Each franchise cricket team represents a respective state of India. They were created in 2008 when the biggest auction was held in Mumbai on February 20, 2008, with a price base of $400 million. That was a significant time for IPL as the basic personalities in the form of teams were established.
RCB Owner 2020
RCB wouldn’t exist if not for the owner who bought it in the auction in 2008. It was a businessman Vijay Mallya who bought the Royal Challengers Bangalore franchise team for $111,6 million. It was considered the second biggest bid for the IPL team after Reliance Industry purchased Mumbai Indians for $111,6 million. Thus, RCB was founded by the Indian alcoholic beverage company United Spirits. Accordingly, the team was named after the company’s liquor brand Royal Challenge.
Vijay Mallya is deemed the former chairman and non-executive director of the Indian alcoholic beverage company United Spirits. He is also the former owner of Royal Challengers Sports Private Limited (RCSPL), the parent company of the RCB team. United Spirits is a subsidiary of the British beverage company Diageo. Vijay Mallya was known to be the owner of RCB until 2016. On February 25, 2016, he resigned as a director of RCSPL.
Nowadays, the company United Spirits is still the owner of RCB. Thus, Amrit Tomas was appointed as a chairman after Vijay Mallya left this position in 2016. Later, Anand Kripalu, who was also the RCB owner 2020, was appointed to this position. He also is a current chairman of the IPL franchise team RCB and CEO in United Spirits.
How much RCB owners do earn from IPL?
United Spirit, the current RCB owner, has made a net profit of 143 crores rupees in the fiscal period 2018—2019. It was stated that was more than 10% of the general operating profit for the Indian alcoholic beverage company.
Considering 2019 IPL, the franchise team RCB could earn more than double the profit of last season’s revenue. It consisted of 313 crores rupees.
But there is a contrary statement about the 2020 IPL. It was a challenging period for every team because of the coronavirus pandemic. As the IPL 2020 season was conducted in the UAE, there were no home matches that affected the RCB’s revenue. Due to the recent survey by Duff & Phelps, it is estimated that the net value of RCB is supposed to be about 595 crores rupees in 2021.
RCB Team Background
Royal Challenger Bangalore (RCB) is one of those eight teams created to compete in IPL. This franchise cricket team is based in Bangalore, as the team members are from the Southern part of India. RCB played in the inaugural IPL season in 2008.
Looking into their participating line from 2008 till now, RCB may seem unlucky in achieving the winning goal. They have never won the IPL trophy during the entire IPL history. But they could reach the final stage three times in 2009, 2011, and 2016 IPL tournaments losing to the Decan Chargers, the Chennai Super Kings (CSK), and the Sunrisers Hyderabad, respectively.
Despite their inability to win the final and get the championship title yet, RCB has a vast and passionate fan base (male and female) across India, especially from Bangalore. This fact makes RCB the third most popular IPL team on social media. They have got great support from loyal followers through Instagram (6 million), Facebook (9,4 million), and Twitter (4,3 million). The total number of RCB’s fan base is 19,7 million.
For sure, such popularity RCB could gain with the help of some profile names in it like Virat Kohli, Chris Gayle, AB de Villiers, and Shane Watson. They were competing with the rest of the team squad in the 2020 IPL season but couldn’t win the trophy yet. This franchise cricket team has always been good at the batting line-up, having the best players in this deal. But it seems they feel a lack of bowling attack experience that forces them to lose a good match.
That’s why the annual IPL players auction is conducted in advance to allow each IPL team to refresh their squads and purchase potential players. After analyzing their outcomes in the 2020 IPL tournament, RCB had a favorable opportunity to retain the best, release the weakest and buy the potential for further competitions.
Nevertheless, what can be more fantastic than the persistent encouragement from RCB’s fans who believe in them and don’t give up on them. It is a real power for RCB players to overcome any obstacle and move forward to fulfill their dream.