The Indian Premier League (IPL) franchise, Royal Challengers Bangalore (RCB) on 17 March 2016 intimated Board of Control for Cricket in India (BCCI) that Vijay Mallya had resigned from his post as the Director of Royal Challengers Sports Private Limited (RCSPL).
Following this, an official from the RCB, Russell Adams was named as the new Director of RCSPL and also assumes the role of being the vice-president of Commercial Operations and Cricket Academy at RCB. The intimation was was followed the BCCI's insistence on clarity regarding the ownership of RCB.
Vijay Mallya has been the owner of RCB since 2008, with the franchise failing to win the IPL a single time. It has been five days since he left India for the United Kingdom with the allegations of being loan defaulter by various Banks of India.
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