Mumbai Indians' owners have bought a massive stake in the Oval Invincible franchise, which competes in The Hundred cricket tournament.

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, the Ambanis, won the right to buy a 49 per cent stake in the Hundred team at a virtual auction on Thursday afternoon.

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,

India's Ambani family has sealed a landmark agreement to become the first external shareholder in one of English cricket's eight Hundred franchises, Sky News can exclusively reveal.

Mumbai Indians owners Reliance Industries Limited (RIL) are set to buy a 49% stake in Oval Invincibles after winning a virtual auction on Thursday afternoon. RIL will enter into a period of exclusivity which will see them negotiate agreements with Surrey,