Based in Cape Town, the new franchise will take forward the Mumbai Indians brand and comes close on the heels of acquiring the UAE-based International League T-20 team, the company said in a statement.
Cricket South Africa confirmed today that the owners of six Indian Premier League teams were the successful bidders for franchises in the country's planned new Twenty20 tournament.
CSA said there had been a "rigorous process over the past few months" before the franchise owners were confirmed.
Nita Ambani, Director of Reliance Industries, said, “I’m delighted to welcome our new T20 team to the Reliance family! We are excited to take the Mumbai Indians’ brand of fearless and entertaining cricket to South Africa, a nation that loves cricket as much as we do in India! South Africa has a strong sporting ecosystem, and we look forward to exploring the power and potential of this collaboration. As we grow MI's global cricketing footprint, we remain committed to spreading joy and cheer through sport!"
Akash Ambani, Chairman of Reliance Jio, said, “With our South African franchise, we now have three T20 teams across three countries. We look forward to leveraging our expertise and depth of knowledge in the cricket ecosystem & brand Mumbai Indians to help build the team and provide fans with some of the best cricketing experiences."
The statement further said, “Reliance Industries has played a crucial role in evolving the sports ecosystem through ownership of cricket franchises, football league in India, sports sponsorship, consultancy, and athlete talent management, and bringing in industry best practices."
“Further, Reliance Foundation Sports – the CSR wing of RIL has been leading India's Olympic Movement by providing opportunities to athletes across the country to become champions in multiple sports and also leading India's charge in hosting global sporting events," it added.
The new T20 league in South Africa
CSA said there had been an open process which had attracted bids from 29 entities worldwide.
RIL will own a team based at Newlands in Cape Town, while Chennai Super Kings won the rights to a team with headquarters at the Wanderers Stadium in Johannesburg.
The owners of Delhi Capitals will have a team in Centurion, Lucknow Super Giants in Durban, Sunrisers Hyderabad in Gqeberha(formerly Port Elizabeth) and Rajasthan Royals in Paarl.
CSA said the six successful bidders all had "extensive experience in operating franchises across multiple sports and deep cricketing expertise" through their ownership of teams in the IPL.
"This is truly an exciting time for South African cricket; the overwhelming interest shows that the country remains valued in the global cricketing eco-system," said Smith.
CSA and broadcasters SuperSport are the major shareholders in the new venture.
South Africa last week withdrew from a scheduled World Cup Super League one-day international series in Australia in January, which would have clashed with the T20 tournament.
That decision leaves South Africa's bid to qualify automatically for next year's World Cup in danger, with the Proteas sitting 11th in the Super League table.
