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The Ambani family has secured a 49% stake in London-based Oval Invincibles, marking another major investment in global cricket. The deal, reportedly worth £60 million, was finalized after a high-stakes virtual auction on Thursday.
Reliance Industries Limited (RIL), led by Mukesh Ambani, outbid CVC Capital Partners and a Silicon Valley CEO consortium that included Alphabet Inc.’s Sundar Pichai to win the minority stake in the franchise.
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RIL to Negotiate with ECB and Surrey Cricket Club
🏏 RIL is now set to enter a period of exclusivity for further negotiations with Surrey County Cricket Club and the England and Wales Cricket Board (ECB).
📈 The deal expands Reliance’s cricket empire, as the group already owns the Mumbai Indians (IPL), MI Emirates (ILT20), and MI Cape Town (SA20).
Who Are the Oval Invincibles?
✅ Home ground: The Oval, London
✅ Competition: The Hundred (100-ball tournament)
✅ Achievements: Two-time men’s champions
Oval Invincibles is regarded as one of the most valuable teams in The Hundred due to its London base and strong performances.
The Hundred and Stake Sales – What’s Happening?
📌 The Hundred is a fast-paced, 100-ball cricket format launched in 2021 to attract younger audiences and boost England’s domestic cricket scene.
📌 The England and Wales Cricket Board (ECB) is selling 49% stakes in each of the eight franchises to strengthen finances and grow the competition.
📌 The Oval Invincibles stake sale is the first of these deals, with the auction being handled by Raine Group, the same investment bank involved in the sales of Manchester United and Chelsea.
This acquisition further cements Reliance’s influence in global cricket, with The Hundred gaining a significant financial boost from one of the sport’s most influential investors.
