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.

Summary/Static	Details
Why in the news?	Mumbai Indians Acquire 49% Stake in The Hundred’s Oval Invincibles
Acquiring Entity	Reliance Industries (RISE Worldwide)
Stake Acquired	49% in Oval Invincibles
Primary Stakeholder	Surrey CCC
League	The Hundred (ECB’s 100-ball format)
Mumbai Indians’ Global Teams	IPL (India), WPL (India), ILT20 (UAE), SA20 (South Africa), MLC (USA), The Hundred (UK)
Oval Invincibles’ Achievements	Men’s Champions (2023, 2024), Women’s Champions (2021, 2022)
Statements	Nita Ambani: “Proud moment for MI.” Akash Ambani: “Oval as home venue is special.” Oli Slipper: “Reliance partnership ensures success.”
Other The Hundred Deals	RPSG Group acquired Manchester Originals for £107 million
Tournament Details	Starts August 5, 2025. Features 8 teams (men & women).
MI’s Major Titles	5 IPL, 2 Champions League, WPL, ILT20, MLC, SA20