Surrey County Cricket will be retaining 51% of the stakes of Oval Invincibles after selling the remaining 49 per cent of stakes to Mumbai Indians owners, Reliance Industries Limited (RIL).
“We are glad to be part of Oval Invincibles—the most successful team in The Hundred—and welcome them into the Mumbai Indians family,” Akash Ambani said in a Mumbai Indians statement.
“England, with its rich cricketing culture, has always been special to the game. To have the iconic Oval, which has witnessed some of cricket’s greatest moments, as our home venue is truly special.”
“We look forward to collaborating with like-minded partners, Surrey CCC, who share our passion and ethos for the sport.”
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Meanwhile CCC chairman Oli Slipper said, “We said at the outset that we wanted the best partner to ensure that Surrey continue to lead the way in English cricket and in Mumbai Indians that is what we have got.”
“They share our passion for cricket, they own the biggest and most successful team in the IPL, the Mumbai Indians, and we believe this partnership will bring continued success to both Surrey CCC and our Hundred teams.”
The takeover is expected to be completed before the sixth edition of the tournament. Mumbai Indians has four teams in different T20 leagues across continents with each of them having won the titles.
The Oval Invincibles across Men’s and women’s competitions have won four titles (women’s in 2021 and 2022 and Mens in 2023 and 2024).
Until now, three Hundred franchises have an IPL Ownership acquiring stakes in them with Sanjiv Goenka (Lucknow Super Giants owner) valuing the Manchester Originals at £116m while Sunrisers Hyderabad owners (Sun Group) buying 100 per cent of the Yorkshire’s Northern Superchargers.
A couple of more IPL owners are expected to acquire stakes in the remaining two teams with Trent Rockets and Southern Brave set to undergo the sale process.
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