Adar Poonawalla Confirms "Strong And Competitive Bid" For Royal Challengers Bengaluru

• Adar Poonawalla announced his intention to submit a "strong and competitive bid" for the IPL franchise Royal Challengers Bengaluru (RCB).
• Poonawalla made the announcement on X (formerly Twitter) on January 22, 2026, stating his plans to acquire the IPL 2025 champions.
• Current owners Diageo put RCB up for sale in November 2025, aiming to complete the sale by March 31, 2026.
• Diageo, a UK-based liquor giant, is conducting a "strategic review" of its investment in Royal Challengers Sports Pvt Ltd (RCSPL).
• United Spirits, a Diageo subsidiary, considers the cricket business non-core to its primary alcobev operations, despite RCB being a valuable asset.

Why It Matters: Adar Poonawalla is set to make a significant bid for Royal Challengers Bengaluru, currently owned by Diageo.