Surrey to preserve majority stake in Oval Invincibles as negotiations with Reliance commence

Subsequent to January’s equity sale of teams comprising The Hundred, it has been confirmed by Surrey that they will be retaining a majority stake in the defending champions of the men’s competition and the semi-finalists of the women’s competition, Oval Invincibles. Deliberations with the owner of Mumbai Indians, Reliance Industries Limited (RIL) have already commenced.

After valuing the most successful team across genders in the tournament’s four-year history, RIL clinched a 49% share of the franchise during a live auction held on January 30. The Invincibles were valued at £123 million. As a result, this means that they are expected to pay just over £60 million at the end of 2025 after the transfer from the England and Wales Cricket Board to the Surrey County Cricket Club is implemented via Reliance’s subsidiary, RISE Worldwide.

Mumbai Indians are widely recognised as the most powerful franchise in the history of the Indian Premier League. They are the five-time winners of the cash-rich league. On the other hand, Surrey are by far the richest English county club. The men’s and women’s sides of the Invincibles will become the sixth and seventh teams connected with RIL. As of now, the five sides are Mumbai Indians (in both the IPL and the WPL), MI Cape Town (SA20), MI Emirates (ILT20), and MI New York (MLC).

Also Read: Sunrisers Hyderabad owner acquire Northern Superchargers franchise in The Hundred

Chairperson of Surrey, Oli Slipper, seemed excited for collaborating with RIL and Mumbai Indians.

anne julliene

See Full Bio