Indian Premier League (IPL) team Royal Challengers Bengaluru (RCB) may soon see a change in ownership. The current owner, Diageo, has started the process of reviewing its investment in Royal Challengers Sports Private Limited (RCSPL), the company that runs both the men’s and women’s RCB teams.

RCB is operated by RCSPL, which is a fully owned part of United Spirits Ltd. (USL), an Indian company. USL, in turn, is owned by Diageo, a global alcohol and beverages company. Diageo shared this update in a filing with the Securities and Exchange Board of India (SEBI), saying it is conducting a “strategic review” of its stake in RCSPL.

This review comes after RCB won its first-ever IPL title in 2025, ending a long wait since the league began in 2008. The team was originally bought in 2007 by Vijay Mallya for $111.6 million.

However, the celebrations in Bengaluru were overshadowed by a tragic stampede during the victory event, where over 20 people lost their lives. The incident deeply affected fans and the cricket community.

Diageo is expected to finish this review by March 31, 2026. By that time, the next Women’s Premier League (WPL) season will be completed, and the 2026 IPL season will likely have begun.

Even if a sale takes place, it will not affect the players or the matches in the 2026 season. If the team is sold, the IPL governing council will begin the formal process of inviting new owners, which may continue into 2027.