The owners of Indian Premier League giants Mumbai Indians have agreed a deal to buy a stake in Oval Invincibles in a landmark moment for English cricket. Reliance Industries Limited, owned by India’s richest family,

Reliance Industries Limited (RIL), the owners of the Mumbai Indians franchise, have reportedly bought a stake in the Oval Invincible team in the Hundred.

Mumbai Indians owners, Reliance Industries Limited are on the verge of owning a 49% stake in Surrey-based team, Oval Invincibles. They won the virtual bidding war on Thursday. CVC Capitals, which owns Gujarat Titans,

Reliance Industries Limited (RIL) has successfully acquired the Oval Invincibles franchise in The Hundred for £123 million, outbidding other competitors. This addition makes it the sixth global cricket team under their ownership,

Indias Ambani family has sealed a landmark agreement to become the first external shareholder in one of English crickets eight Hundred franchises; Watch The Hundred live this summer on Sky Sports Cric

The winning bid reportedly values the franchise at 123 million pounds, meaning RIL will pay just over 60 million pounds for its 49 per cent stake.