Diageo Considers Sale of Stake in Indian Cricket Team, Bloomberg Says, Citing Sources

Dow Jones

06-10

-- Diageo is weighing options for its ownership of the Indian Premier League cricket franchise Royal Challengers Bengaluru, including a sale of part or all of the club, Bloomberg reports, citing sources.

-- The U.K. distiller owns the team through its Indian unit, United Spirits, and might seek a valuation of as much as $2 billion, according to Bloomberg.

-- A spokesperson for Diageo declined to comment to Bloomberg, while a representative for United Spirits didn't respond to a request for comment.

Full story: https://tinyurl.com/munsp9hh

Write to Andrea Figueras at andrea.figueras@wsj.com

(END) Dow Jones Newswires

June 10, 2025 03:22 ET (07:22 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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