How Mumbai Indians takeover has affected MI London & SurreyFigure caption, Five-star Khan leads MI London to victory over Super GiantsByAdwaidh RajanBBC Sport journalistPublished31 minutes agoThe name has changed, the colours have changed and much of the conversation around the franchise has changed too.Investment from Indian Premier League (IPL) side Mumbai Indians into Oval Invincibles led to The Hundred’s most successful team rebranding itself as MI London and bringing the multi-billionaire Ambani family’s cricket empire to The Oval.Here, BBC Sport takes a look at what has changed, what has stayed the same and what the future holds for the franchise.’We haven’t looked at the contract once’Image source, Getty ImagesImage caption, MI London won three consecutive Hundred men’s titles as Oval InvinciblesReliance Industries Limited, chaired by Mukesh Ambani, bought a 49% stake in Oval Invincibles in a deal worth about £60m in January 2025, among the first sale of teams in The Hundred.
However, Surrey chief executive Steve Elworthy stated their relationship with India’s wealthiest family began long before the bidding process got under way.
“They’ve been huge supporters of The Hundred for a number of years,” the former South Africa cricketer told BBC Sport. “They used to take our boardroom box every August to watch The Hundred when we were still Invincibles.”
Early conversations convinced Elworthy and his team they had found the right partner in the Ambanis.
“The first meeting we had, we spent about 45 minutes talking about just cricket,” Elworthy stated.
At about £120m, MI London are the most valuable of the franchises after their London neighbours – the Lord’s-based London Spirit, who were valued at about £300m.



