Mumbai Indians is one of the eight original teams in the IPL. MI is the most successful team in the league with five titles. MI has also won the CL T20 twice.
Mumbai Indians had some big names in the inaugural edition of the tournament. Sachin Tendulkar, Sanath Jayasuriya, Harbhajan Singh and Shaun Pollock were the initial members of the team.
However, it was in 2013 when young captain Rohit Sharma led the Mumbai based franchise to glory for the first time.
Mumbai Indians is owned by Reliance Industries Limited which is headed by Mukesh Ambani. RIL owns MI under subsidiary India Win Sports Pvt Ltd. Mukesh Ambani heads the company but Nita Ambani represents the franchise in their team activities. Mukesh Ambani’s RIL is one of India’s most valuable companies.
In 2008, the Mumbai based franchise was bought by RIL for a whooping price of $111.9 million. Mukesh Ambani acquired the rights for the franchise for 10 years.
Mukesh Ambani is the richest person in India and the second richest in Asia after Chinese business tycoon Jack Ma. According to businesstoday.in, Mukesh Ambani’s net worth stands at $40.2 billion.
Mumbai Indians is the most valuable team in the cash rich league. According to The Economic Times, the value of MI stands at a whooping INR 809 crore followed by arch-rivals CSK who are valued at INR 732 crore.
In the year 2020, like all other teams MI saw a 5.9% dip in its brand value.
Mukesh Ambani donated INR 500 crore to PM’s Relief fund due to the covid-19 pandemic. RIL also donated INR 5 crore each to the Chief Minister’s Relief fund of Maharashtra and Gujrat.