The Hundred: Mumbai Indians bag 49% stake in Oval Invincibles
Reliance Industries Limited, owners of Mumbai Indians, acquired a 49% stake in London’s Oval Invincibles for around £61 million. The move positions MI as influential in English cricket governance. The highest anticipated bid is for The London Spirit franchise, expected to surpass £140 million. The ECB is selling stakes in all eight teams, aiming to financially benefit the counties.
Reliance Industries Limited, owners of Mumbai Indians, acquired a 49% stake in London’s Oval Invincibles for around £61 million. The move positions MI as influential in English cricket governance. The highest anticipated bid is for The London Spirit franchise, expected to surpass £140 million. The ECB is selling stakes in all eight teams, aiming to financially benefit the counties.
