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Vijay Mallya to sell Royal Challengers Bangalore stake?
Liquor baron Vijay Mallya might be forced to sell his stake in the Royal Challengers Bangalore IPL franchise to reduce the debt in his crisis-ridden Kingfisher Airlines.
- NDTVSports
- Updated: July 10, 2012 04:19 PM IST
Read Time:1 min
New Delhi:
Liquor baron Vijay Mallya might be forced to sell his stake in the Royal Challengers Bangalore IPL franchise to reduce the debt in his crisis-ridden Kingfisher Airlines.
According to some reports, total debt is of around Rs 7,500 crore.
Mallya had bought the Royals Challengers Bangalore for $111.6 million in 2008. His team is yet to win an IPL title, although they have reached the final twice.
Topics mentioned in this article
Cricket Kevin Pietersen Royal Challengers Bangalore Kolkata Knight Riders Sunrisers Hyderabad Deccan Chargers Pune Warriors India Kings XI Punjab Kochi Tuskers Kerala
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