""Reliance Industries Limited bought a 49% stake in the franchise, which has produced five title-winning teams in The Hundred, from the England and Wales Cricket Board in January. The deal worth about 60m has now formally been completed and the name change aligns the side with four other teams under Reliance ownership: MI Cape Town in South Africa's SA20, MI Emirates in the United Arab Emirates' International League T20, and MI New York in Major League Cricket in the United States.""
""We have worked very closely with Reliance over the name of the new team and believe that MI London will give us the best opportunity to build the fanbase at home and across the world. We also believe that the team brand will help to grow the commercial value of our franchise, in turn boosting investment into the long-term sustainable growth of Surrey and of cricket in our community.""
Reliance Industries acquired a 49% stake in the Oval Invincibles for about 60m, with the deal now completed and the team renamed MI London. Surrey retains 51% ownership of the franchise. The renaming aligns the side with Reliance-owned MI Cape Town, MI Emirates and MI New York. The Invincibles won the women's competition in 2021 and 2022 and the men's tournaments in 2023, 2024 and 2025. The Hundred will switch to an auction format for players, a move likely to break up the settled squad that won three successive men's titles.
Read at www.bbc.com
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