Overview
- Avram Glazer, through Lancer Capital, has submitted a non-binding offer of about $1.8 billion, reported as the top bid so far.
- Diageo has narrowed roughly nine proposals to about five shortlisted parties, and the next step is to invite binding offers.
- Current offers trail an internal valuation understood to be near $2.1 billion following RCB’s recent IPL and WPL title wins.
- Any transaction would include ownership of both the men’s IPL and women’s WPL RCB teams, according to multiple reports.
- BCCI rules on multi-team ownership and reputational/legal issues linked to past celebration incidents remain key considerations for bidders.