RIL subsidiary set to acquire franchise in UAE League

DUBAI: In an expansion to cricket in gulf countries, Reliance Industries Limited, through its subsidiary Reliance Strategic Business Ventures Ltd (RSBVL) will be acquiring the rights to own and operate a new franchise cricket team in the Emirates Cricket Board's upcoming UAE T20 League, the organisers announced on Wednesday.

The move is the first major overseas expansion of Reliance Industries' cricket operations in the global franchise-based cricket leagues. The company's cricket business will now include two cricket clubs in addition to their other cricket related initiatives including sponsorship, consultancy, broadcast, and talent management.

Notaly, RIL, through Mumbai Indians, is also amongst the eight founding members of the Indian Premier League (IPL). The current deal will see UAE's T20 League benefit from the company's commercial and cricket know-how, promising a new and exciting brand of cricket for the Emiratis along with the best learnings, experiences, and entertainment.(IANS)

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