Vijay Mallya takes swipe at critics who laughed at his investment in RCB as ‘vanity project’

NEW DELHI: (Mar 26) Fugitive businessman Vijay Mallya, the original owner of Royal Challenger Bangalore, on Thursday took a dig at critics who called it “investment as a vanity project” after the cricket franchise was sold for almost USD 2 billion (Rs 18,776 crore).

Mallya, who had bought Royal Challenger Bangalore (RCB) for Rs 450 crore in 2008, in a post on X congratulated the new owners of RCB, saying, “I wish them the very best and Godspeed with the most valuable IPL franchise.”

The sale of cricket franchise RCB by United Spirits Ltd (USL) almost tops a record USD 2 billion (Rs 18,776 crore), considering it also includes a Rs 540-crore payout for the Women’s Premier League and a 5 per cent commission to the cricket body BCCI by the consortium of buyers, according to sources.

Source: PTI News

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