Ambani Family Expands Cricket Empire: Acquires 49% Stake in Oval Invincibles
The team Oval Invincibles obtained a 49% stake purchase from the Mumbai Indians (MI) franchise which is owned by the Ambani family
Ambani Family Expands Cricket Empire: Acquires 49% Stake in Oval Invincibles
The team Oval Invincibles obtained a 49% stake purchase from the Mumbai Indians (MI) franchise which is owned by the Ambani family in their English cricket expansion. The Mumbai Indians franchise under Ambani ownership expands to six worldwide franchises through this strategic deal.
The South London-based franchise Oval Invincibles identifies as one of eight clubs competing in The Hundred tournament. The Ambani family investment promises additional tournament prosperity to the successful performing team which competes in the tournament.
The Ambani family uses this strategic purchase to spread their cricket domain while holding the Mumbai Indians (MI) franchise from the Indian Premier League (IPL) the MI Emirates team in UAE International League T20 league also the MI Cape Town team in South African T20 league.
Through the investment in Oval Invincibles the MI franchise will gain different income sources while benefiting from opportunities to exchange and grow their players. Through involvement The Ambani family is expected to heighten the visibility of The Hundred since its rising fame among English fans.
Read more: Maha Kumbh Stampede Plea Filed Against UP Government Responsibly
Through this acquisition the MI franchise established 6 global teams that combine the Mumbai Indians (IPL) along with MI Emirates (UAE) MI Cape Town (South Africa) and the Oval Invincibles (The Hundred) and Caribbean Premier League teams and Major League Cricket teams in the United States. This expansion by the Ambani family into English cricket presents a major development that observers will watch with interest to see how their investment performs in upcoming years.
We’re now on WhatsApp. Click to join.
Like this post?
Register at One World News to never miss out on videos, celeb interviews, and best reads.
