Indiawin Sports, a subsidiary of Reliance Industries, is the owner of Mumbai Indians (MI) in the IPL 2024. They are the joint most successful franchise in IPL history with an enormous fan following to support them. MI have clinched as many as five titles in the Indian Premier League over the years and are known to be arguably the best-managed franchise in the league.
Mumbai Indians have always stuck true to their motto of ‘OneFamily’, with players, support staff, and the owners sharing a close bond. Having said that, the franchise can be ruthless on occasions to make sure the results are not dwindling.
Mumbai did not have a great couple of years at the beginning of the IPL, enduring disappointing times in 2008 and 2009. They reached the final in the 2010 edition under Sachin Tendulkar's captaincy but could not cross the final hurdle.
In 2013, the captaincy reigns were passed on from Ricky Ponting to Rohit Sharma, and MI immediately won their maiden title by beating Chennai Super Kings in the final. They went on to clinch four more titles in the next seven years, with the last title coming in 2020.
Mumbai Indians have had three mediocre seasons since 2021 and that resulted in the management making some hard decisions for the upcoming season. MI traded in Hardik Pandya from Gujarat Titans and have handed over the captaincy to him, much to the displeasure of Sharma fans. How the whole thing plays out remains to be seen.
Contents
Owner of Mumbai Indians | Team Details
|
Team Name |
Mumbai Indians |
|
Current Owner |
Indiawin Sports (Reliance Industries) |
|
CEO/Team Manager |
Prashant Jangam |
|
Captain |
Hardik Pandya |
|
Coach |
Mark Boucher |
|
Icon |
Sachin Tendulkar |
|
Batting Coach |
Kieron Pollard |
|
Bowling Coach |
Lasith Malinga |
|
Fielding Coach |
James Pamment |
|
Strength & Conditioning Coach |
Paul Chapman |
|
Data Performance Manager |
Dhananjai CKM |
Who is the Team Owner of Mumbai Indians in the IPL?
Indiawin Sports are the owner of Mumbai Indians in the IPL. It is a subsidiary of Reliance Industries (RIL) and owns several other sports teams such as Mumbai Indians Women in the WPL, MI Cape Town in the SA20, MI New York in the MLC and MI Emirates in the ILT20.
Reliance Industries acquired the rights for the Mumbai-based franchise in 2008 for a whopping price of $111.9 million. It was the most expensive bid made for any of the eight IPL franchises ahead of the inaugural auction.
Mukesh Ambani, the chairman and Managing Director of Reliance Industries is the largest stakeholder in the conglomerate. His wife, Nita Ambani, is the co-owner of RIL and handles all the business at Indiawin Sports. Nita Ambani has done a great job as the Mumbai Indians MI owner. She has actively worked for the betterment and expansion of the franchise, along with her son Akash Ambani.
Brand Value of Mumbai Indians (MI) in IPL
Mumbai Indians have had some legendary names representing the franchise since its inception. Having players such as Sachin Tendulkar, Sanath Jayasuriya, Shaun Pollock, Lasith Malinga, Harbhajan Singh, Rohit Sharma, Jasprit Bumrah, Kieron Pollard, Hardik Pandya and others don the MI jersey has helped them maintain a massive fan base. The five IPL and two CLT20 titles, and global expansion mean they are the top franchise when it comes to brand value.
Mumbai Indians have been the most valuable franchise in the IPL for the past few years. In 2022, MI witnessed around a 4% increase in its brand value, which was USD 83 million.
According to the latest Brand Finance report, Mumbai Indians have retained its top spot as the most valued franchise in the IPL, with a 5% increase in brand value, reaching USD 87 million.
Mumbai Indians MI owner, Nita Ambani, known for her roles in education, philanthropy, and sports, has an estimated net worth of $2.8 billion to $3 billion. As for the Mumbai-based franchise, it has a valuation of USD 1.3 billion, making them the richest team in franchise cricket.
Mumbai Indians Sponsor in IPL 2024
Principal Sponsors: Slice, DHL Express
Associate Sponsors: Jio, Astral Pipes, IDFC First Bank
Official Sponsors: Jio Cinema, Usha, Radio City, Fever FM, Max Life, Dream11, BKT, Mahindra, Bisleri, Garnier, Bira, Radio One, Education & Sports For All
(Source: Mumbai Indians)
