Surrey's Oval Invincibles Franchise Gets New Name as Indian Co-owners Take Over
The Hundred's most successful franchise, Oval Invincibles, is set to undergo a significant name change ahead of next year's season. The team will now be known as MI London, following an agreement with new co-owners from the Ambani family.
As part of the deal, Surrey will retain a 51% stake in the franchise, while the Reliance company – owned by the wealthy Indian business dynasty – will hold a 49% share worth £123m. The sale completes the final piece of the puzzle for the England and Wales Cricket Board (ECB) as it offloads equity stakes in its Hundred franchises.
The rebranding has already been welcomed by Surrey's chairman, Oli Slipper, who praises the partnership with Reliance as bringing a "significant depth of cricket and business expertise" to the franchise. With this new name change, both the men's and women's teams will now compete under the MI London banner.
This significant development marks another expansion of the Ambani family's portfolio, which currently includes Mumbai Indians in the Indian Premier League, MI Cape Town in SA20, and MI Emirates in ILT20, with a foray into Major League Cricket with the new arrival, MI New York. The partnership also highlights Reliance's growing ambitions to expand its cricket presence globally.
For Surrey, the rebranding is seen as an opportunity to boost the fanbase at home and abroad. With this change, the franchise aims to capitalize on the support of its Indian co-owners, who are known for their significant investments in international sports. The impact of this new partnership will be closely watched by cricket enthusiasts, with MI London set to take center stage in the Hundred tournament from 2026.
The Hundred's most successful franchise, Oval Invincibles, is set to undergo a significant name change ahead of next year's season. The team will now be known as MI London, following an agreement with new co-owners from the Ambani family.
As part of the deal, Surrey will retain a 51% stake in the franchise, while the Reliance company – owned by the wealthy Indian business dynasty – will hold a 49% share worth £123m. The sale completes the final piece of the puzzle for the England and Wales Cricket Board (ECB) as it offloads equity stakes in its Hundred franchises.
The rebranding has already been welcomed by Surrey's chairman, Oli Slipper, who praises the partnership with Reliance as bringing a "significant depth of cricket and business expertise" to the franchise. With this new name change, both the men's and women's teams will now compete under the MI London banner.
This significant development marks another expansion of the Ambani family's portfolio, which currently includes Mumbai Indians in the Indian Premier League, MI Cape Town in SA20, and MI Emirates in ILT20, with a foray into Major League Cricket with the new arrival, MI New York. The partnership also highlights Reliance's growing ambitions to expand its cricket presence globally.
For Surrey, the rebranding is seen as an opportunity to boost the fanbase at home and abroad. With this change, the franchise aims to capitalize on the support of its Indian co-owners, who are known for their significant investments in international sports. The impact of this new partnership will be closely watched by cricket enthusiasts, with MI London set to take center stage in the Hundred tournament from 2026.