Home > Features > Humour >

RCB, Kingfisher Airlines sold — Sir Richard Branson buys out Dr Vijay Mallya’s twin business interests

RCB, Kingfisher Airlines sold — Sir Richard Branson buys out Dr Vijay Mallya’s twin business interests

A crestfallen Vijay Mallya (left) and his son Siddharth after inking the deal with Sir Richard Branson © Getty Images

Mumbai: Apr 1, 2013

Sir Richard Branson, the British billionaire and founder cum chairman of Virgin Group of more than 400 companies, is all set buy some of the properties of cash-strapped Vijay Mallya business interests. As per news available, Sir Branson will buy the Kingfisher Airlines, which has now the lowest market share in the last one year after enjoying the second largest domestic air travel share not long ago.A Virgin Group spokesman said that taking over the airline business of Dr Mallya made perfect business sense it expansion plans for India.

As a Britisher, Sir Branson has always had a deep interest in cricket and insisted that he would buy the Kingfisher Airlines only if Dr Mallya agreed to see the Royal Challengers Bangalore (RCB) as well. The RCB is close to both Dr Mallya and his son Siddharth’s heart and it took the longest time before Dr Mallya reluctantly conceded to let go off RCB’s control.

Unconfirmed reports say that the RCB part of the deal was worth US $70 million. It’s a huge loss because Dr Mallya paid US$111.6 million for RCB.

The effect of the buyout among the fans and the RCB followers is not yet known, but it will definitely hurt both. Mallya may not be very popular with the Kingfisher employees, but he has been very generous with the cricketers in lavishing them with the kind of luxuries that is the envy of other teams in the Indian Premier League (IPL).

While Sir Branson and Dr Mallya have inked the deal, the transfer of the RCB to the British billionaire will take effect only after the conclusion of IPL 2013.

For those who are still wondering if this is a nightmare, relax: The above story is pure fiction! All of Dr Mallya’s business interests are still very much with him and the ‘King of Good Times” will continue to be in total control of RCB. So have a Kingfisher beer and take the April 1 prank in the right spirit — and with the right spirit!
 

India tour of Australia 2014, Practice matches

Nov 24, 2014 (05:29 IST)   at Glenelg, Adelaide

Pakistan vs New Zealand in UAE, 2014

Nov 26, 2014 (11:30 IST)   at Sharjah

England tour of Sri Lanka, 2014

Nov 26, 2014 (14:30 IST)   at Colombo

Zimbabwe tour of Bangladesh, 2014

Nov 26, 2014 (12:00 IST)   at Dhaka

India tour of Australia 2014, Practice matches

Nov 28, 2014 (05:29 IST)   at Adelaide

More

Hong Kong tour of Sri Lanka, 2014

Nov 24, 2014  at Colombo

Hong Kong won by 2 wkts

Zimbabwe tour of Bangladesh, 2014

Nov 23, 2014  at Chittagong

Bangladesh won by 68 runs

South Africa tour of Australia, 2014

Nov 23, 2014  at Sydney

Australia won by 2 wickets (D/L method)

Hong Kong tour of Sri Lanka, 2014

Nov 22, 2014  at Dambulla

Match abandoned without a ball being bowled

Hong Kong tour of Sri Lanka, 2014

Nov 21, 2014  at Dambulla

Match abandoned without a ball being bowled

Photos

Phil Hughes suffers head injury: In photos

Videos

AB de Villiers: Disappointed with defeat in Australia

Don Bradman vs Clarrie Grimmett — how did The Don fare against the craftiest leggie of his era

Vijay Hazare Trophy 2014-15: Top 5 performances of the tournament

Manish Pandey, Mayank Agarwal and other uncapped players who impressed in Vijay Hazare Trophy 2014-15

Karnataka’s team spirit is their secret to phenomenal success in recent times

Phillip Hughes injury: Spare a thought for Sean Abbott

Australia Australia vs South Africa Australia vs South Africa 2014 Bangladesh Bangladesh vs Zimbabwe Bangladesh vs Zimbabwe 2014 India India tour of Australia 2014-15 South Africa South Africa tour of Australia 2014 South Africa vs Australia South Africa vs Australia 2014 Zimbabwe Zimbabwe tour of Bangladesh 2014 Zimbabwe vs Bangladesh Zimbabwe vs Bangladesh 2014

Phil Hughes head injury: Doctor says condition remains critical

Phillip Hughes injury: Current round of Sheffield Shield called off

Phillip Hughes to have more scans after surgery

Sachin Tendulkar to meet Sports Minister to discuss Sarita Devi ban

Sourav Ganguly: Fights and controversies are a part of sport

Pakistan vs New Zealand 2014: New Zealand’s inspired performance in 2nd Test serves important lesson to non-Asian countries

Don Bradman vs Clarrie Grimmett — how did The Don fare against the craftiest leggie of his era

Vijay Hazare Trophy 2014-15: Top 5 performances of the tournament

Manish Pandey, Mayank Agarwal and other uncapped players who impressed in Vijay Hazare Trophy 2014-15

Karnataka’s team spirit is their secret to phenomenal success in recent times

Fan of the Day

Niharika Shah

Niharika Shah

682 Posts | 6 Fans

Video: Phil Hughes suffers head injury, collapses on field during New South Wales vs South Australia tie

Watch Free Live Streaming & Telecast of Indian Super League (ISL) 2014 Football 37th Match between Kerala Blasters FC vs Atletico de Kolkata

PK Tharki Chokro making: Rancho aka Aamir Khan and Munna Bhai aka Sanjay Dutt shake legs to this folk number

Simbu-Hansika’s Vaalu slated for Christmas release!

Yeh Hai Mohabbatein: Will Raman and Ishita help Mihika with her plans?

Alibaba to launch its Taobao marketplace in international markets: Reuters

8 reasons to add rosemary to your diet

eBay India ‘Black Friday’ sale kicks off today

How many calories do bananas have?

Also on cricketcountry.com

Play Fantasy Cricket & Win

Cash Daily! Click here