LSE:DGEBeverage
Diageo Exits IPL Team To Refocus On Core Drinks And Valuation
Diageo (LSE:DGE) has agreed to sell its Royal Challengers Bengaluru Indian Premier League franchise, marking its exit from team ownership.
The move follows a review of the role of sports assets within the group and reflects a plan to focus on the core drinks portfolio.
Royal Challengers Bengaluru is one of the best known IPL teams, so the sale represents a meaningful shift in how Diageo is positioned in India.
For you as an investor, the key angle is what this means for Diageo's core...