• Home
  • Cricket News
  • After Mumbai Indians Ambanis Set To Buy Another Franchise Latest Reports Suggest

After Mumbai Indians, Ambanis Set To Buy Another Franchise; Latest Reports Suggest 

Muskaan Bhatt

Old picture of Nita and Akash Ambani with Virat Kohli and RCB Owner (Source: @sarkarstix,@muffadal_vohra/X.com)Old picture of Nita and Akash Ambani with Virat Kohli and RCB Owner (Source: @sarkarstix,@muffadal_vohra/X.com)

In latest reports, Mumbai Indians (MI) owners, Reliance Industries aka Mukesh Ambani and Nita Ambani are all set to buy a franchise in The Hundred. It has been understood that, the billionaires will be buying 49% of the London Spirit team in a deal expected to exceed £100m forcing other bidders to look elsewhere.

The Ambani's have built a mega-cricket world of their own with Mumbai Indians in the IPL, as well as three other T20 teams – MI Cape Town, MI New York and MI Emirates. Interestingly, if the Ambanis were to buy London Spirit which is based at Lord's, it could renamed as MI London.

MI vs LSG in The Hundred?

After spending much of their time, Californian investors led by Nikesh Arora, chief executive of Palo Alto Networks have reportedly called off their bids and set sights on the Oval Invincibles. Previously, TOI reports highlighted that multimillionaire Sanjiv Goenka, the owner of Lucknow Super Giants in IPL, was also interested in London Spirit. However, now is targeting other franchises, with Trent Rockets and Manchester Originals in his focus. 

Ambani Likely To Purchase London Spirit In Upcoming Auctions

Surrey’s strong ties to the City make it a natural fit for collaboration with financiers and executives, particularly as the club refuses to sell its 51% stake in The Hundred franchise, which IPL investors like the Ambanis typically demand. Private equity firm CVC Capital Partners has engaged with Oval Invincibles but now faces a decision ahead of the upcoming Hundred auction. 

The Ambani family's estimated net worth of $117bn positions them as powerful contenders, with a history of securing franchises, such as the Mumbai Indians, without overpaying. They are expected to win the bidding without needing to outbid rivals significantly.