Reliance Industries Limited through its subsidiary Reliance Retail Ltd purchased the rights for the Mumbai franchise of Indian Premier league for a total of $111.9 million during the auction on January 24, 2008. The RIL bid has made the Mumbai Indians the most expensive franchise in IPL.
Etymology
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The team logo has the Sudarshan Chakra with the team's name engraved in it. The team's colour will be blue. The choice of the name "Indians" for a regional competition is widely regarded as a blunder.
Players
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Sachin Tendulkar is the designated icon player and also captain for Mumbai Indians. During the player auction Mumbai Indians successfully bid for 7 players, including two of the heroes of Indian Twenty-20 world cup side in Harbhajan Singh and Robin Uthappa. Sanath Jayasuriya was also another prized catch, along with South African legend Shaun Pollock. The team also added the Sri Lankan speedster Lasith Malinga.
Outside of the player auction, the franchise has also signed up Ajinkya Rahane and Abhishek Nayar (from Mumbai), Yogesh Takawale (from Maharashtra) and Pinal Shah (from Baroda).
Current Squad
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| Name | Age |
Nationality | Playing role | Bidding Price |
| Sachin Tendulkar | 34 |
India | All Rounder | Icon Player |
| Harbhajan Singh | 27 |
India | Bowler | US$ 850,000 |
| Sanath Jayasuriya | 37 |
Sri Lanka | All Rounder | US$ 975,000 |
| Shaun Pollock | 35 |
South Africa | All Rounder | US$ 550,000 |
| Robin Uthappa | 22 |
India | Batsman | US$ 800,000 |
| Lasith Malinga | 24 |
Sri Lanka | Bowler | US$ 350,000 |
| Dilhara Fernando | 29 |
Sri Lanka | Bowler | US$ 150,000 |
| Loots Bosman | 30 |
South Africa | Batsman | US$ 175,000 |
| Ajinkya Rahanec | 19 |
India | All Rounder | None |
| Abhishek Nayar | 24 |
India | Bowler | None |
| Yogesh Takawale | 23 |
India | Batsman / WK | None |
| Pinal Shahc | 20 |
India | Batsman / WK | None |