New RCB Co-Owner Satyan Gajwani Discusses IPL's Growth and Virat Kohli's Role Satyan Gajwani, chairman of Times Internet Limited and a new co-owner of the Royal Challengers Bangalore (RCB), highlighted the Indian Premier League’s (IPL) status as a global sports opportunity during a recent interview. He noted that the league’s rising commercial value, evidenced by multi-billion-dollar valuations for franchises, underscores its position as one of the world’s top-tier sports events. Gajwani emphasized that the recent ownership changes, including the acquisition of RCB and Rajasthan Royals by international investors, validate the IPL’s and Women’s Premier League’s (WPL) success and future potential. The RCB sale, completed by a consortium led by Aditya Birla Group, Times Group, David Blitzer’s Bolt Group, and Blackstone, fetched $1.78 billion (Rs 16,600 crore), while Rajasthan Royals were acquired for $1.63 billion. Gajwani acknowledged the media’s perception of the RCB price as a “steal” but argued that the valuation reflects the franchise’s strength. He stated, “Pricing is always subjective. It is a strong price for a strong franchise, and I think both the buyers and sellers are happy with the outcome.” Gajwani also revealed that the Times Group had evaluated both RCB and Rajasthan Royals as potential acquisitions, noting their distinct advantages and challenges. He expressed satisfaction with the outcome of the bidding process. Looking ahead, he mentioned plans to engage with Virat Kohli, the legendary RCB captain, to align the team’s goals with the new ownership’s vision. “Virat is an iconic player, and we’re grateful to be able to partner with him.#aditya_birla_group #royal_challengers_bangalore #david_blitzer #satyan_gajwani #times_internet
