Adar Poonawalla Bids for RCB Ownership; Team May Relocate from Bengaluru

• Adar Poonawalla, CEO of Serum Institute, announced his bid to acquire IPL team Royal Challengers Bangalore (RCB).
• Current owner United Spirits Limited (USL) is selling RCB as cricket is not core to their liquor business.
• The sale process accelerated after a stampede incident during RCB's victory celebrations.
• Hombale Films, known for 'KGF', is also reportedly in the race to acquire the team.
• RCB is considering moving its home matches from Bengaluru's Chinnaswamy Stadium to Pune, Mumbai, or Raipur due to security and technical reasons.

Why It Matters: Adar Poonawalla is bidding for RCB, potentially leading to ownership change and team relocation from Bengaluru.