NEW DELHI: The Surrey County Cricket Club on Monday announced their new partnership with Reliance Industries Limited (RIL), the owners of Mumbai Indians, where the two will jointly own Oval Invincibles franchise in The Hundred.
RIL, through its subsidiary RISE Worldwide, will team up with Surrey Cricket and their partnership will take effect when the team's ownership transfers from ECB to the County Club in late 2025.
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The ownership structure will have Reliance holding a 49 percent share, while Surrey will maintain a controlling 51 percent stake in the franchise.
"Welcoming Oval Invincibles into our Mumbai Indians family is a proud and special moment. With this partnership, we expand our MI fan base across India, New York, the UAE, South Africa, and now England - ushering in a new chapter of our global cricketing journey," Nita Ambani, owner of Mumbai Indians, said in a statement released by Surrey.
Surrey aim to leverage Mumbai Indians' expertise and successful track record, following their recent league victory in South Africa.
The Oval Invincibles has dominated The Hundred since its inception, securing four titles in four years. The women's team claimed victories in the first two seasons, with the men's team winning in 2023 and 2024.
"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 team," Chair of Surrey CCC Oli Slipper said.
MI bring substantial experience in cricket team management and player development. They currently operate five T20 teams across three continents and four countries.
The partnership will expand their presence to seven teams spanning four continents and five countries.
Over their 17-year history, MI have accumulated 11 league titles worldwide. These include five IPL championships, two Champions League victories, and recent wins in the WPL and Major League Cricket in 2023, ILT20 in 2024, and SA20 in 2025.
Each team under the MI banner has now secured at least one championship title.
