Mumbai Indians Acquire 49% Stake in The Hundred’s Oval Invincibles

Mumbai Indians (MI) owner Reliance Industries, through its subsidiary RISE Worldwide, has successfully bid for a 49% stake in Oval Invincibles, a franchise in The Hundred, England and Wales Cricket Board’s (ECB) 100-ball cricket league.** The deal strengthens MI’s global cricket presence, making it a dominant force across multiple continents. Surrey County Cricket Club (Surrey CCC) remains the primary stakeholder, sharing ownership and decision-making with Reliance.

Key Highlights of the Acquisition

Reliance’s Expansion

• Mumbai Indians, owned by Reliance, extends its reach by acquiring 49% stake in Oval Invincibles.
• Partnership with Surrey CCC, the primary stakeholder.
• The deal strengthens MI’s position as a global cricketing powerhouse.

Mumbai Indians Global Presence

• MI now owns seven cricket teams across five countries and four continents.
• Their franchises include teams in India (IPL, WPL), UAE (ILT20), USA (MLC), South Africa (SA20), and now England (The Hundred).

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Oval Invincibles Success in The Hundred

• Men’s team: Back-to-back champions in 2023 and 2024.
• Women’s team: Winners in 2021 and 2022.

Statements from Leadership

• Nita Ambani (Owner, MI)
• “Cricket unites people across cultures and geographies. Welcoming Oval Invincibles into the Mumbai Indians family is a proud and special moment.”
• Akash Ambani (Director, RIL & Reliance Jio Chairman)
• “Having the iconic Oval as our home venue is truly special. Excited to collaborate with Surrey CCC.”
• Oli Slipper (Chair, Surrey CCC)
• “Reliance’s partnership will ensure continued success for Surrey CCC and the Oval Invincibles team.”

Details of The Hundred League

• Short-format cricket league in the UK organized by ECB.
• Each match consists of 100 balls per team.
• Features eight city-based men’s and women’s teams.
• The 2025 season starts on August 5, with a Double Header fixture on August 6.

Recent Similar Deals in The Hundred

• RPSG Group recently acquired a majority stake in Manchester Originals, valuing it at £107 million.
• ECB is selling 49% stakes in each team, while host counties retain the remaining 51%.

Mumbai Indians Achievements

• 11 league titles across different competitions.
• 5 IPL titles, 2 Champions League trophies, WPL, MLC, ILT20, and SA20 victories.