United Spirits reviews cricket franchise investment, considers "non-core" asset

United Spirits Ltd. (USL) announced on November 5, 2025, that it is undertaking a strategic review of its investment in Royal Challengers Sports Private Limited (RCSPL), its wholly-owned subsidiary. RCSPL owns the Royal Challengers Bengaluru (RCB) franchise teams, which participate in the men's Indian Premier League (IPL) and Women's Premier League (WPL) cricket tournaments annually.

The company expects this strategic review process to be completed by March 31, 2026. Praveen Someshwar, managing director & CEO of United Spirits Ltd., stated that while RCSPL has been a valuable asset, it is considered non-core to USL's core alcobev business.

This move underscores USL's and Diageo's commitment to continuously evaluate its India enterprise portfolio. The objective is to ensure sustained long-term value delivery to all stakeholders, while also considering RCSPL's best interests.