Answer: USD 111.6 million

The Royal Challengers Bangalore was purchased by businessman Vijay Mallya for a whopping USD $111.6 million in 2008. 

This was the second-highest bid for a team after Reliance Industries, who bought the Mumbai franchise for USD $111.9 million. 

The Royal Challengers Bangalore was founded by United Spirits and named after the company’s liquor brand Royal Challenge.

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