Macfarlanes advises Surrey County Cricket Club on partnership with Reliance for Oval Invincibles franchise

"Macfarlanes advised Surrey County Cricket Club on a partnership with Reliance Industries Limited in respect of the Oval Invincibles franchise in The Hundred. Under the ECB sale, Surrey holds 51% and Reliance (via Reliance Strategic Business Ventures Ltd) 49%. Both men’s and women’s teams will compete as MI London."

Macfarlanes advised Surrey County Cricket Club on its partnership with Reliance Industries Limited in respect of the Oval Invincibles franchise in The Hundred. The arrangement follows the ECB’s sale process under which Surrey acquired a 51% stake in the franchise and Reliance acquired a 49% stake through its subsidiary Reliance Strategic Business Ventures Limited. As part of the partnership, both the men’s and women’s teams will compete as MI London. The partnership establishes the governance, commercial and branding framework between the co‑owners and forms part of the ECB’s programme to introduce private investment into The Hundred teams. Surrey County Cricket Club retains a 51% interest and Reliance holds 49%. Macfarlanes represented client Surrey County Cricket Club with a team composed by: Richard Burrows (Partner, Corporate and M&A); Ollie Morris (Senior Associate, Corporate and M&A); Alexandra Gaynor (Associate, Corporate and M&A); Rosie Duckworth (Partner, Commercial); Andrew Hill (Senior Associate, Commercial); Katie Shingler (Associate, Commercial); Andrew Perkins (Partner, Finance); Owen Giles (Senior Associate, Finance); Nils Gravenhorst (Senior Associate, Finance).

Macfarlanes advises Surrey County Cricket Club on partnership with Reliance for Oval Invincibles franchise

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