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Royal Challengers Bangalore FY16 loss soars 46% to Rs 43.9 cr

Royal Challengers Bangalore FY16 loss soars 46% to Rs 43.9 cr

Thursday, March 23, 2017, 9:54 AM

Virat Kohli-led Royal Challengers Bangalore has posted a net loss of Rs.43.9 crore for FY16, an increase of 46% from the net loss it posted in the previous financial year. Its revenue however surged by 44% in FY16 to Rs.134 crore from Rs.93.5 crore in FY15. Team is yet to win IPL and team director Vijay Mallya had resigned from the post last year.
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