Diageo Cricket Team Sale to Help Reduce Debt -- Market Talk

Dow Jones03-25 16:05

0804 GMT - The sale of Indian cricket franchise Royal Challengers Bengaluru for roughly $1.8 billion will help U.K. drinks giant Diageo reduce debt, RBC Capital Markets analysts say in a research note. The deal between Diageo's 55.9%-owned subsidiary United Spirits and a Blackstone-backed consortium comes as no surprise, and the price is in line with expectations, according to RBC. If USL hangs onto the sale process, Diageo's net debt-to-Ebitda ratio would fall by around 0.2 times, but it seems more likely the subsidiary will declare a special dividend and Diageo would get its 55.9% share, the analysts say. If a special dividend is declared, Diageo's net debt-to-Ebitda ratio would fall by 0.1 times, the analysts estimate. (adria.calatayud@wsj.com)

(END) Dow Jones Newswires

March 25, 2026 04:05 ET (08:05 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2622023123?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-03-25 16:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2622023123","market":"fut","top_or_hot":-1,"title":"Diageo Cricket Team Sale to Help Reduce Debt -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0804 GMT - The sale of Indian cricket franchise Royal Challengers Bengaluru for roughly $1.8 billion will help U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. drinks giant Diageo reduce debt, RBC Capital Markets analysts say in a research note. The deal between Diageo's 55.9%-owned subsidiary United Spirits and a <a href=\"https://laohu8.com/S/BX\">Blackstone</a>-backed consortium comes as no surprise, and the price is in line with expectations, according to RBC. If USL hangs onto the sale process, Diageo's net debt-to-Ebitda ratio would fall by around 0.2 times, but it seems more likely the subsidiary will declare a special dividend and Diageo would get its 55.9% share, the analysts say. If a special dividend is declared, Diageo's net debt-to-Ebitda ratio would fall by 0.1 times, the analysts estimate. (adria.calatayud@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 25, 2026 04:05 ET (08:05 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Diageo Cricket Team Sale to Help Reduce Debt -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDiageo Cricket Team Sale to Help Reduce Debt -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-25 16:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0804 GMT - The sale of Indian cricket franchise Royal Challengers Bengaluru for roughly $1.8 billion will help U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>. drinks giant Diageo reduce debt, RBC Capital Markets analysts say in a research note. The deal between Diageo's 55.9%-owned subsidiary United Spirits and a <a href=\"https://laohu8.com/S/BX\">Blackstone</a>-backed consortium comes as no surprise, and the price is in line with expectations, according to RBC. If USL hangs onto the sale process, Diageo's net debt-to-Ebitda ratio would fall by around 0.2 times, but it seems more likely the subsidiary will declare a special dividend and Diageo would get its 55.9% share, the analysts say. If a special dividend is declared, Diageo's net debt-to-Ebitda ratio would fall by 0.1 times, the analysts estimate. (adria.calatayud@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 25, 2026 04:05 ET (08:05 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DGE.UK","symbol_name":"帝亚吉欧","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2622023123","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2622023123","pubTimestamp":1774425900,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0804 GMT - The sale of Indian cricket franchise Royal Challengers Bengaluru for roughly $1.8 billion will help U.K. drinks giant Diageo reduce debt, RBC Capital Markets analysts say in a research note. The deal between Diageo's 55.9%-owned subsidiary United Spirits and a Blackstone-backed consortium comes as no surprise, and the price is in line with expectations, according to RBC. If USL hangs onto the sale process, Diageo's net debt-to-Ebitda ratio would fall by around 0.2 times, but it seems more likely the subsidiary will declare a special dividend and Diageo would get its 55.9% share, the analysts say. If a special dividend is declared, Diageo's net debt-to-Ebitda ratio would fall by 0.1 times, the analysts estimate. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DGE.UK":"帝亚吉欧","DEO":"帝亚吉欧","BK4559":"巴菲特持仓","TISI":"Team Inc","BK4169":"酿酒商与葡萄酒商","BK4120":"环境与设施服务","BK4588":"碎股","BK4585":"ETF&股票定投概念"},"translate_title":"帝亚吉欧板球队出售以帮助减少债务——市场讨论","themeId":"8603dabb40994e59ac78c04c930c0d49","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DGE.UK":0.6,"TISI":1.5,"DEO":0.9},"content_text":"0804 GMT - The sale of Indian cricket franchise Royal Challengers Bengaluru for roughly $1.8 billion will help U.K. drinks giant Diageo reduce debt, RBC Capital Markets analysts say in a research note. The deal between Diageo's 55.9%-owned subsidiary United Spirits and a Blackstone-backed consortium comes as no surprise, and the price is in line with expectations, according to RBC. If USL hangs onto the sale process, Diageo's net debt-to-Ebitda ratio would fall by around 0.2 times, but it seems more likely the subsidiary will declare a special dividend and Diageo would get its 55.9% share, the analysts say. If a special dividend is declared, Diageo's net debt-to-Ebitda ratio would fall by 0.1 times, the analysts estimate. (adria.calatayud@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 25, 2026 04:05 ET (08:05 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.38.0","shortVersion":"4.38.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2622023123","isCrawlerRequest":true}