Surrey confirms deal with Reliance, keeps 51% stake in Oval Invincibles

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The story "Surrey confirms deal with Reliance, keeps 51% stake in Oval Invincibles" was covered 17 hours ago by Business Standard, a news publisher based in India.

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Surrey confirms deal with Reliance, keeps 51% stake in Oval Invincibles - Business Standard

Quick Summary:

"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".

Reliance Industries Limited (RIL) owners of Mumbai Indians (MI) through its subsidiary, RISE Worldwide, bought 49 per cent stake in The Hundred team for 60m.

Surrey County Cricket Club (SCCC) has confirmed its deal with Reliance but said it will continue to retain majority stake of 51 percent in the Oval Invincibles.