Mumbai Indians, owned by Reliance Industries Limited, today announced the proposed addition of a fifth cricket franchise MI New York. The team will participate in the inaugural edition of Major League Cricket (MLC) subject to completion of customary due diligence; negotiation, and execution of definitive binding agreements, and receipt of required corporate, regulatory and third-party approvals and compliances.Read also: Reliance-owned Mumbai Indians bolsters global leadership for its world franchise of teamsNita M. Ambani said, “I am thrilled to welcome our New York franchise to the growing MI Family! With...