IPL 2023: Cost of all 10 teams in the tournament

4. Royal Challengers Bangalore – 845 crores

According to Business Standard, the businessman Vijay Mallya won the bid for the Bangalore-based franchise by paying a handsome amount of 845 crores ($111.6 Million). Mallya served as the chairman of liquor manufacturing companies, United Spirits, and United Breweries, and was also the founder of Kingfisher Airlines.

After a failure in the Airlines businesses, Mallya quit as the chairman from 2016 onwards in the other two companies. At present, the parent company of United Spirits, Diageo is the majority shareholder of the Royal Challengers Bangalore.

The team’s chairman is Prathamesh Mishra, who oversees the operations of the team in 2022. According to Sportzpoint, the team’s current brand value is 536 crores.