Mumbai. Reliance Industries Limited (RIL) Emirates Cricket Board (ECB) upcoming UAE T20 League (UAE T20 league) is ready to acquire ownership of a new franchise. “The move is the first major overseas expansion of Reliance Industries’ cricket operations in global franchise-based sports,” according to a statement. The special thing is that Reliance has the 5-time champion team of the Indian Premier League (IPL). Mumbai Indians (Mumbai Indians) also have ownership rights.
co-owner of Mumbai Indians Nita Ambani “I look forward to strengthening our global fan base and building long-term associations with them through this new league.” Reliance Industries Limited, through its subsidiary Reliance Strategic Business Ventures Limited (RSBVL), will acquire the ownership and operating rights of this team.
The move is the first major overseas expansion of Reliance Industries’ cricket operations in a global franchise-based cricket league. The company’s cricket business will now include sponsorship, consultancy, broadcast and talent management, besides two cricket clubs. RIL, through Mumbai Indians, is one of the eight founding members of the Indian Premier League (IPL).
Khalid Al Zarooni, Chairman of the UAE T20 League and Vice Chairman of the ECB, believes that RIL’s investment in the UAE T20 League reflects the corporate industry’s confidence in the UAE’s vision and ability to promote world-class cricket. “Our goal is to transform cricket in the UAE through the UAE T20 League. RIL has a proven track record. The association of a big company like RIL with the league shows the confidence in us and the strength of our infrastructure.