The Royal Challengers Bangalore (RCB) is a franchise cricket team based in Bangalore, Karnataka that features in the Indian Premier League. Since its inception in 2008, the franchise has played its home games in the M. Chinnaswamy Stadium in Bengaluru. The franchise was founded by a liquor company named United Spirits. RCB has played in all 14 seasons of the tournament but has failed to win a title.
In 2008 when the BCCI proposed the idea of establishing a T20 league, RCB was sold to Vijay Mallya for $111.6 million. After the RIL bid of $111.9 million for MI, this was the second highest bid in the auctions.
In its inaugural season, the franchise named team India’s ‘wall’ Rahul Dravid as the captain of the team. The Bangalore based franchise also signed the likes of Jacques Kallis, Anil Kumble, Zaheer Khan, Dale Steyn, Mark Boucher, Ross Taylor, Misbah-ul Haq and India’s U19 CWC winning skipper Virat Kohli. But RCB failed miserably in its first season winning just four out of 14 matches.
Performance in IPL
|Royal Challengers Bangalore||211||98||106||4||48.06%|
- Most Runs – Virat Kohli (6707 Runs in 213 innings)
- Most Wickets – Yuzvendra Chahal (139 Wickets in 112 innings)
The Bangalore based franchise is owned by United Spirits. Vijay Mallya was the owner of United Spirits in 2008 and bought the franchise for $111.6 million. RCB became the second most expensive franchise after MI. United Spirits is wholly owned by a London based multinational beverage alcohol company Diageo. In 2016, Vijay Mallya had to resign as the chairman of United Spirits.
In October 2020, the chairman and MD of Diageo India Anand Kripalu was made the chairman of RCB replacing Sanjeev Churiwala. In the IPL 2021 Auctions, Anand Kripalu was spotted on the auction table along with Mike Hesson who is the Director of Cricket Operations at RCB.
According to a report by Duff and Phelps, RCB’s brand value is estimated to be around INR 595 crores as of 2019. In 2020, their brand value dipped by 2%. As of 2020, RCB ranks 6th in terms of brand value amongst all other franchises in the league.