IPL franchise owners can rename Hundred sides despite minority stake

18 August,2024 07:47 AM IST |  New Delhi  |  IANS

It added that the Ambani family, owners of five-time IPL winning team Mumbai Indians are eyeing a huge bid to get a stake in the London Spirit team and rename it as MI London

Nita Ambani


With the England and Wales Cricket Board (ECB) set to sell stakes in the eight Hundred teams in September, the IPL franchise owners may be allowed to rename the sides despite them buying a minority stake.

Also Read: BCCI should make warm-up game in Oz a 3-day affair

According to a report in The Guardian, the ECB's eagerness to attract Indian money is such that even a minority investment will give the new owners huge influence, especially with all 10 IPL owners expected to bid for stakes in the eight sides. "All the IPL owners are saying they will bid, but they will want some control for their cash. It's essentially a big brand play for the IPL so we expect them to push for name changes, which will depend on the amount they have invested," a source was quoted as saying in the report.

It added that the Ambani family, owners of five-time IPL winning team Mumbai Indians are eyeing a huge bid to get a stake in the London Spirit team and rename it as MI London.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!
nita ambani indian premier league cricket news sports news Sports Update
Related Stories