Adar Poonawalla to Bid for IPL Champions RCB; Ownership Transfer Heats Up

• Adar Poonawalla, CEO of Serum Institute of India, announced his intention to make a "strong and competitive" bid for Royal Challengers Bengaluru (RCB).
• RCB, the defending IPL champions, are currently valued at around USD 105 million and are being sold by United Spirits Ltd (USL), a subsidiary of Diageo.
• The sale process began in November last year, with the IPL 2026 season approaching, scheduled to start on March 26.
• The move to sell the team was accelerated by a stampede that killed 11 fans during RCB victory celebrations on June 4.
• Other potential bidders include Hombale Films, and there are speculations about RCB moving home matches out of Bengaluru, with Pune, Mumbai, and Raipur as potential hosts.

Why It Matters: Adar Poonawalla confirms strong bid for IPL champions RCB, intensifying the ownership transfer process.