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 (Rs 644.48 crore)
Representational Image. Pic Courtesy/iStock
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.
Also Read: Arjuna Ranatunga in mood for a reel deal
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 (Rs 644.48 crore).
“RISE will have a 49 per cent share of the Hundred team. 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,” SCCC said in a statement.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
