Who is owner of royal challengers bangalore
Royal Challengers Bangalore (RCB) is a widely acclaimed cricket team of the Indian Premier League (IPL). Established in 2008, this team has created a significant amount of attraction and possesses ample fan base due to its high-octane performances over the years. The owner of Royal Challengers Bangalore is often equally involved in the limelight as the players themselves.
Ownership Details
The Royal Challengers Bangalore is owned by United Spirits, a subsidiary of the British alcoholic beverages company Diageo. Vijay Mallya was the first owner of RCB but lost ownership after charges of financial crimes led to his current status as a fugitive. The purchase deal happened in early 2013 when Diageo acquired a controlling share (54.78%) in United Spirits Ltd, an India-based spirits company.
Diageo encountered several hurdles during its acquisition from issues like retention policies and allegations regarding fund diversion, nevertheless, they became the de facto owners keeping RCB’s operations intact. Despite all the corporate reshuffling and controversies tied with it, RCB continues to be one of the most adored sports franchises in India.
Role of United Spirits – The Owner
As can be expected from any professional cricket franchise worldwide, there are multifarious responsibilities upon being an IPL team’s owner. From overseeing player purchases at auctions to managing advertising contracts and merchandising rights; all fall under the ambit of ownership duties.
United Spirits has continually invested significantly into improving RCB’s on-field performance, evident through their pursuit of iconic cricketers like Virat Kohli & AB de Villiers. Thanks to consistent backing by United Spirits, these stalwarts have been part of RCB longer than they have served any other IPL outfit resulting in them becoming synonymous with RCB’s brand identity.
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Moreover, under leadership from United Spirits & its parent firm Diageo, RCB was among the first IPL franchises to embrace social media as a major avenue for fan engagement and commercial opportunities.
Cricketing Achievements under Ownership
Despite having a star-studded player roster and being one of the most loved IPL teams, Royal Challengers Bangalore is yet to win their maiden IPL title. They have reached the finale thrice (in 2009, 2011 & 2016) but couldn’t cross the final hurdle.
However, no cricketing discussion on RCB can leave without praising their exciting brand of aggressive, boundary-hitting style matched with awe-inspiring team spirit which resulted in miraculous comebacks often featuring in end-of-season playoffs consistently through the years. This electrifying performance has been cultivated by owners who prioritized investing heavily on acquiring world class cricketers
Future Prospects and Vision of Owners
The ultimate goal for any owner would be to see their team lift the IPL trophy. The Team’s management and United Spirits/Diageo share this vision, making consistent efforts to make it reality. From appointing insightful coaching staffs, adopting data driven approach to identifying potential talents or even opening state-of-art sports science facilities; all point towards a dedicated effort from ownership aiming at securing that elusive champions’ crown. Moreover, they value contributing positively towards society where initiatives like ‘RCB Go Green’ campaign signify this stance effectively.
Ergo, although ownership transition from Vijay Mallya to Diageo-cum-United Spirits had raised certain turbulence within RCB ranks initially, one can deduce over time that it hasn’t notably affected RCB’s cricketing affairs so far while ensuring its stature among fans grows exponentially each year.
All said and done, despite turbulence tied to changes at the top-management level or more direct disappointments in-field due to absence of titles; the passion for cricket within ownership, players & fans alike has kept RCB going with an undying will to bounce back stronger which definitely looks promising for the future.
