Mumbai Indians Rebrand Oval Invincibles as MI London
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- Reliance Industries, chaired by Mukesh Ambani, bought a 49% stake in Oval Invincibles in January 2025 for about £60m, among the first sales of teams in The Hundred.
- MI London is now valued at about £120m, trailing Lord's-based London Spirit at roughly £300m, with Surrey remaining the major shareholder.
- Surrey CEO Steve Elworthy said the partnership has been so smooth they "haven't even had to look at the contract once," calling early conversations with the Ambanis focused on "just cricket."
- Kieron Pollard replaced Tom Moody as men's head coach, with Mitchell McClenaghan joining as bowling coach and Lisa Keightley — fresh from coaching MI in the WPL — taking over the women's side.
- Will Jacks, who came through Surrey and plays for MI in the IPL, called the transition "very smooth," noting the kit now blends MI's blue and gold with retained Invincibles training colors.
- MI's global network brings commercial reach to a competition Elworthy described as previously "pretty local," with the franchise planning to take ticketing and operational duties in-house from the ECB by 2027.
- The men's team sat second in the table after five matches, chasing a sixth title in as many seasons.
Why it matters: For Surrey, the deal preserves Oval control while unlocking MI's global commercial reach — a template the ECB may see replicated across The Hundred. For players like Will Jacks, MI London doubles as a pipeline into WPL and IPL sister franchises. The 2027 handover of ticketing from the ECB signals franchise owners moving from purely financial stakes to operational control.
