Insight Online News
Mumbai, July 20 : Reliance Industries, which owns record five-time IPL champion Mumbai Indians (MI) on Wednesday announced to acquire a franchise in Cricket South Africa’s new Twenty20 League.
Based in Cape Town the new franchise will take forward the Mumbai Indians brand, the company said.
The announcement comes close on the heels of acquiring the UAE-based International League T-20 team.
Nita Ambani, Director of Reliance Industries, said, “I’m delighted to welcome our new T20 team to the Reliance family! We are excited to take the Mumbai Indians’ brand of fearless and entertaining cricket to South Africa, a nation that loves cricket as much as we do in India!
“South Africa has a strong sporting ecosystem, and we look forward to exploring the power and potential of this collaboration. As we grow MI’s global cricketing footprint, we remain committed to spreading joy and cheer through sport!”
“With our South African franchise, we now have three T20 teams across three countries. We look forward to leveraging our expertise and depth of knowledge in the cricket ecosystem & brand Mumbai Indians to help build the team and provide fans with some of the best cricketing experiences,” said Akash Ambani, Chairman of Reliance Jio.
Reliance has played a crucial role in evolving the sports ecosystem through ownership of cricket franchises, football league in India, sports sponsorship, consultancy, and athlete talent management, and bringing in industry best practices.
Earlier this year, Ambani led a successful bid to host the prestigious International Olympic Committee
Session in Mumbai in 2023 after a gap of 40 years.