United Spirits Ltd to evaluate ownership of IPL and WPL franchise RCB under strategic review
According to media sources, the British multinational alcoholic beverage business is seeking a valuation of about $2 billion for RCB.
With Virat Kohli as the enduring face of the franchise, RCB remains one of the most prominent and valuable teams in the IPL.
RCB stated last week that their silence following the incident was a result of "grief" rather than "absence."
Following the incident, RCB last month promised to provide the families of the deceased with Rs 25 lakh each in financial support.
The unfortunate incident occurred during RCB’s IPL victory celebrations at the M. Chinnaswamy Stadium, where a stampede led to the death of 11 people.
RCB had maintained social media silence since the Chinnaswamy Stadium stampede and on Thursday the IPL franchise announced the launch of RCB Cares
Breaking silence on its three-month social media absence, the franchise said what happened on June 4 "broke our hearts, and the silence since then has been our way of holding space".
The report, which has been shared with the Karnataka government and accessed by ESPNCricinfo, indicted RCB.
In the June 4 Chinnaswamy stadium stampede case, the CAT had said that the RCB seemed to be prima facie responsible for the large crowds that gathered at stadium which led to the stampede and loss of eleven lives.
Earlier in the day, a Bloomberg report had said that Diageo is looking for potential suitors for its IPL franchise with a valuation of around Rs 17,000 crore.
Bloomberg reported, citing sources, that Diageo has been holding discussions with potential advisers as it weighs possibilities, and may seek a valuation of as much as Rs 17,000 crore
The stampede occurred on June 4, 2025, when an estimated 2–3 lakh fans gathered for the IPL victory parade, far exceeding the stadium's 35,000 capacity.
Opposition BJP alleges Congress-led state government is scapegoating police and demands resignations of CM, deputy CM, and home minister
Anushka Sharma's embrace with husband Virat Kohli after a thrilling IPL match at Narendra Modi Stadium warmed hearts, but her wristwear stole the show for fashion lovers. She sported a luxurious trio of bracelets, including a Reflection de Cartier and a LOVE bracelet, reportedly worth over $193,000.
DNA Entertainment managed the RCB's IPL victory celebrations, while the Karnataka State Cricket Association (KSCA) organised the event.
Experts say rushed government decisions and crowd mismanagement caused a disaster that left 11 dead and around 50 injured.
Police say though they had made it clear that no victory parade would be held and that those with tickets would only be allowed to enter the stadium, fans in large numbers gathered and many among them also jumped the gates.
Bengaluru Metro Rail Corporation Limited (BMRCL) officials said Wednesday's ridership was 9.6 lakh - the highest ever recorded.
Bengaluru stampede: The stampede that followed RCB's celebration of their maiden IPL win after 18 years was another instance of deadly crowd gathering in the country.
As visuals doing rounds on social media showed unconscious RCB fans being administered cardiopulmonary resuscitation (CPR) by others, several online users slammed the organisers, RCB, and the government for poor crowd management.
Organised by the Karnataka government, the event was meant to honour the Royal Challengers Bengaluru's (RCB) maiden victory in IPL 2025.
A stampede-like situation was witnessed in Bengaluru after thousands of people turned up to greet RCB after their big win.
I apologise for the overcrowding. We arranged more than 5,000 personnel. This is a young vibrant crowd, we can't use lathi on them, says Shivakumar.
RCB's fan following is unparalleeld, its portfolio of sponsors is strong. The only missing link was an IPL title win and now that it lifted the trophy on June 3, experts expect the team to give the top two most valued IPL teams a run for their money.