RCB set for takeover?

For the first time, an Indian Premier League team is on the verge of changing hands. JSW Steel chairman Sajjan Jindal confirmed on Wednesday that his group is acquiring a side without naming it amid speculation that it could be Royal Challengers Bangalore, owned by liquor baron Vijay Mallya.

"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 it would be," said Jindal.

Asked whether the steel giant will indeed buy RCB, Jindal just said: "That depends on them [RCB]."

If the group buys RCB, it will be the first IPL team to be sold, although one or two other franchise owners are keen to sell.