The Mumbai based franchise is planning to spread its branches as the franchise is planning to buy a new team in the ECB hosted UAE T20 League. The UAE T20 league is a six team competition which will begin in 2022 & what’s more exciting about the league is that two more IPL franchisees will buy a team in the league. The franchisees that are planning to buy a team in the UAE T20 League are Delhi Capitals and Kolkata Knight Riders.
The other three teams will be owned by Glazer family of Manchester United in the United Kingdom, Sidney Sixers from Australia and Capri Industries from UAE.
“Reliance Industries Limited, through its subsidiary Reliance Strategic Business Ventures Ltd (RSBVL) will be acquiring the rights to own and operate a new franchise cricket team in the Emirates Cricket Board’s upcoming UAE T20 League,” the organisers of the tournament mentioned in an official statement on Wednesday.
Reliance Indiustries limited’s first major overseas expansion in Cricket Operations
Mumbai Indians owning a new team in the UAE’s T20 League is a major boost for the franchise as this will be RIL’s first overseas expansion in cricketing venture in global leagues. Other franchisees like KKR, Punjab Kings & even Rajasthan Royals have teams participating in different leagues across the globe, including the Caribbean Premier League.
“We aim to transform cricket in UAE through UAE T20 League. Our wider plan includes expansion of cricket through various development programs being conducted in UAE by the League franchises including talent hunts, coaching, and training by some of the best in the business,” Chairman of the UAE T20 League and Vice-Chairman ECB Khalid Al Zarooni said in an official release.
Meanwhile, Mumbai Indians co-owner Anita Ambani stated that the Mumbai Indians continue to remain at the heart of their cricket operations even though they are looking forward to expanding their wings in the UAE market.
“While Mumbai Indians will continue to remain at the heart of our cricket operations, the popularity of global T20 leagues and the attractiveness of the UAE market offer a unique opportunity for us to further unlock the value of our sports management expertise. It also allows us a platform to develop young international talent and share best practices both on and off the field,” she stated.