New Delhi: Deputy Chief Minister Karnataka DK Shivakumar ended speculation on Wednesday and linked it to the purchase of franchise Royal Challengers Bengalur (RCB) – and did it in style. His remarks were governed by Diageo India, RCB owners and Indian subsidiaries of the British Diageo PLC, which dealt with rumors about the potential sale of the team.“I’m not a crazy man. I’m just a member of Karnataka cricket association on my younger days, that’s all. I don’t have time, even though I was supposed to be part of the leadership … Why do I need RCB?Diageo India, the Indian branch of the British Diageo PLC and the franchise owner IPL Royal Challengers Bengalur (RCB), firmly rejected the rumors about the sale of the team. In a letter addressed to Bombay Stock Exchange (BSE) and his department of supervision on Tuesday, June 10, Diageo India’s representative said that media messages indicate that potential sales are purely speculative. “The company would like to clarify that the above media reports are speculative in nature and not mention any such discussion,” said Mital Sanghvi, the company’s secretary, the regulatory body of the Indian stock market. “This is for your information and records.”
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According to the Cricbuzz report, Dageo was a statement in response to a question from the Bombay Stock Exchange Exchange, where the company is publicly listed. Since speculation about the possible sale of RCB franchise began to circulate, the United Spirits-Diage-Lumin-Lumin Society has recorded a RCB-remarkable increase.On Tuesday, Bloomberg announced that DIATEO is considering selling the IPL champions. The report appeared shortly after the victory of RCB Maiden IPL title 3th June – Milestone achieved after 17 years – followed by a tragically incident in Bengaluru 4. June, where the celebrations became fatal and remained 11 dead and many injured. Although Diageo officially rejected sales reports as “speculative”, the ambiguity of their statement caused deeper speculation. A seasoned voice in the Indian sports ecosystem indicated that “to be a public society will have a lot of pressure to damage reputations”, suggests that Diageo could weigh its possibilities more seriously than publicly admitted. There are also whispers that Diageo appreciates RCB franchise around $ 2 billion. While some initiates of the industry consider this number inflated – especially in comparison with the torrent acquisition of Gujarat Titans at approximately 7500 crore INR (around $ 1 billion) – others disagree.
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Lalit Modi, architect IPL, said Cricbuzza that the $ 2 billion award for RCB is quite realistic.“I will not be surprised if it is sold at a higher price,” he noted, adding that the comparison of the RCB award with the newer franchise Gujarat is not a comparison of apples to apples. “I will not be surprised if it is sold at a higher price,” he said, saying that GT’s evaluation cannot be compared here because it was a one -year agreement. The sale report remains speculative, as the Diageo official explained in response to BSE. “No decision is final and may decide against the sale of the team, people say and ask not to be named because the details are private,” says Bloomberg report
