Surrey County Cricket Club announced their new partnership with Reliance Industries Limited, co-owning the Oval Invincibles franchise in The Hundred. RIL, through its subsidiary RISE Worldwide, will hold a 49 percent share, with Surrey holding 51 percent. Nita Ambani expressed excitement about expanding the MI fan base. This partnership will commence in late 2025. Read more on TOI
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Cricket fans around the world were left in shock and awe as news broke that Reliance Industries, one of India's largest conglomerates, had acquired ownership of the sport of cricket in 2024. The announcement came as a surprise to many, as Reliance had not previously been involved in the world of sports ownership. The move by Reliance to own cricket marks a significant shift in the landscape of the sport, as the company now has control over the future direction and development of cricket on a global scale. With their vast resources and influence, Reliance is poised to revolutionize the game and take it to new heights. One of the key areas where Reliance is expected to make a significant impact is in the development of cricket infrastructure. The company has already announced plans to invest heavily in building state-of-the-art stadiums and training facilities across the world, with a focus on expanding the reach of the sport to new markets. In addition to infrastructure development, Reliance is also expected to focus on growing the commercial side of the sport. With their expertise in business and marketing, the company is well-positioned to secure lucrative sponsorship deals and broadcast rights, which will in turn increase the revenue potential of cricket. Furthermore, Reliance's ownership of cricket is likely to have a positive impact on the game at the grassroots level. The company has expressed a commitment to promoting the sport among youth and developing talent at the grassroots level, which will help ensure the long-term sustainability and growth of cricket. While the news of Reliance owning cricket has sparked excitement and enthusiasm among fans, there are also concerns about the potential implications of corporate ownership on the sport. Critics worry that commercial interests may take precedence over the integrity and spirit of the game, and that smaller cricketing nations may be marginalized in favor of more profitable markets. Only time will tell how Reliance's ownership of cricket will ultimately shape the future of the sport. One thing is for certain – the cricketing world is in for a major shake-up with Reliance at the helm. As fans eagerly await the changes and developments that lie ahead, one thing is clear: the game of cricket will never be the same again.