The Royal Challengers Bangalore or as it is popularly known as, RCB, is a franchise cricket team which participates in the Indian Premier League a.k.a. the IPL. As the franchise's name suggests, RCB is based in Bangalore. RCB was one of the original eight teams which participated in the inaugural IPL season in 2008. RCB was founded by United Spirits, which is an Indian alcoholic beverage company. In fact RCB was named after the company's brand Royal Challenge.
Who is the owner of RCB in 2021?
Royal Challengers Bangalore owner in 2021 is United Spirits Limited. The United Spirits Limited is the biggest Indian alcoholic beverage company and the second largest in the world by volume. It is headquartered 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 is British multinational beverage alcohol company headquartered in London, United Kingdom.
|United Spirits Limited||2008-2021|
How much do RCB owners earn from IPL?
RCB owners, United Spirits made a net profit of Rs.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.
During IPL 2019, RCB made more than double of its last season's revenue. For IPL 2019, RCB's Rs. 313 crores. But this time RCB’s contribution to the profit of its parent company USL, was just 3%. But it wouldn't be wrong to say that RCBs net revenue exhibited exponential growth especially considering the fact that the franchise recorded its maiden profit of Rs.162 crore in 2017.
However, in IPL 2020, due to Corona Pandemic, the team’s revenue dipped because there were no home matches, meaning there was zero revenue from the fans attending the matches due to closed-door IPL. But a recent survey suggests that the net worth of RCB Franchise would rise upto 595 crores.
Know the RCB 2021 retained players list here.
Pundits from the world of economics attribute this growth in RCB's revenue to a strategic shift from just monetizing jersey real estate to player time cost, and moving from just ticket revenue to match-day income with initiatives aimed at increasing gross margin per seat. RCB 2020 owners are likely to concentrate more acutely on return on investment this season.
Vijay Mallya - Director of RCB (2008-2016)
Vijay Mallya made a bid of US$111.6 million and bought the Bangalore franchise after BCCI announced IPL in 2007. He planned on associating the franchise with either of his popular liquor brands Mcdowell's No. 1 or Royal Challenge. Royal Challenge was selected and hence the franchise was named Royal Challengers Bangalore. Although United Spirit, RCB's parent company and subsidiary of Diageo owned the franchise right from the beginning, people associated Vijay Mallya as the owner of RCB.
Vijay resigned from his post on February 25, 2016 as the director of Royal Challengers Sports Private Limited (RCSPL), thus relinquishing the control over his team. As of now, United Spirits is the IPL team owner for RCB.