The Hundred: Surrey confirm deal with Reliance, to retain majority stake in Oval Invincibles | Cricket News
English County Club Surrey which owns the Oval Invincibles in The Hundred has confirmed their partnership with Reliance India Limited (RIL). And Surrey have also said that they will continue to retain 51 per cent of the stake in the franchise, there retaining control of the team which is the most successful in the tournament.
The Oval Invincibles which was the first team to be sold the England and Wales Cricket Board (ECB) was valued at £123 million and subsequently RIL bought 49 per cent of the stakes for £60m. And following negotiations between the two, Surrey have released a statement confirming the deal with RIL’s subsidiary RISE Worldwide.
“R1SE will have a 49 per cent share of the Hundred team, with Surrey retaining the majority 51 per cent. The Club hopes to benefit from Mumbai Indians’ vast experience and proven success, fresh off lifting yet another league title in South Africa over the weekend, to further strengthen and maintain the team’s position as the leading franchise in the competition.
Surrey County Cricket Club have today announced that Reliance Industries Limited through its subsidiary, RISE Worldwide, is the club’s preferred partner for The Hundred team when its ownership transfers from ECB to Surrey CCC at the end of 2025.
Subject to the conclusion of… pic.twitter.com/wCdunjAjhq
— Surrey Cricket (@surreycricket) February 10, 2025
Though some of the other counties have been ready to sell their percentage of stake in The Hundred, Surrey have been keen on retaining the 51 per cent stake they have had on the Oval Invincibles. Speaking of the partnership with RISE, Surrey said, “Over 17 years, the dedication of the MI family has resulted in 11 league titles across the globe, including five IPL championships, two Champions League victories, and the inaugural WPL and Major League Cricket titles in 2023, ILT20 in 2024 and SA20 in 2025. Every team in the MI Family now has a winner’s trophy.
Akash Ambani, the owner of Mumbai Indians said, “We are glad to be part of Oval Invincibles—the most successful teams in The Hundred—and welcome them into the Mumbai Indians family. 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. leveraging our global cricket expertise, we aim to further elevate the teams, engage with fans, and expand our footprint in the sport we love.”
© The Indian Express Pvt Ltd
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