Vijay Mallya To Sell RCB to JSW Group?

Sajjan Jindal, Chairman of Jindal Steel Works (JSW), confirmed the news that his company will be owning Indian Premier League (IPL) Franchise soon. Though the name of the IPL team wasn’t revealed, it is speculated that the team will Royal Challengers of Bangalore owned by Vijay Mallya.

Talking to the The Times of India, Sajjan Jindal said, “Cricket is the number one sport in our country so there is an idea to acquire a team… an IPL team. But, I cannot comment which team would be….Moneywise I don’t think that is the issue (because), the idea is that we want to take some credible team so that we can promote sports.” When asked if he would be buying RCB, he said, “That depends on them (RCB).”

Viajy Mallya has bought the Bangalore based franchise in 2008 for a sum of USD 111.6 million. If reports are to go buy, JSW is very keen on buying the RCB franchise. If they do buy this franchise, it will be their second sports franchise after Bengaluru Football Club in I-League, a team which is led by Indian Football Captain Sunil Chettri.

Jindal also said that he wanted to focus on other sports like Hockey and Kabbadi too. “We will focus on other sports also. We are looking at Kabaddi, we are looking at hockey, we also want to go pan-India in various sports through JSW Sports, which is the wing of JSW Group,” he said.

Jindal added that JSW were running clubs that promote various sports. “We have a football team and we are building a village for sports in Karnataka,” he said.