The Invincibles, based at Surrey's London home ground the Oval, are 2-time defending champions in the men's 100-ball competition while Mumbai are viewed as the most powerful IPL franchise

Oval Invincibles is one of the most successful teams in The Hundred, having won the men’s tournament in the first two seasons. The team is currently owned by Surrey County Cricket Club, which will retain a 51% stake. The deal allows the RIL to conduct talks with Surrey for potential future ownership expansion.

Oval Invincibles have become the first Hundred franchise to see a 49 per cent stake sold, with Indian family the Ambanis the winning bidders. The 49 per cent stake in the Oval-based London team will value the franchise at £123m,

Mumbai Indians' owners have bought a massive stake in the Oval Invincible franchise, which competes in The Hundred cricket tournament.