India, Oct. 29 -- Mumbai Indians, the five-time Indian Premier League (IPL) champions, are the most valuable team in the IPL, worth $2.1 billion, according to a 2026 valuation study of the league by Sportico. That places the Reliance Industries-owned franchise ahead of Royal Challengers Bengaluru ($1.85 billion) and Chennai Super Kings ($1.75 billion).

Mumbai Indians also stands ahead of established American franchises -- baseball's Detroit Tigers are valued at $2.08 billion and ice hockey's Vancouver Canucks at $2.05 billion.

Mukesh Ambani's Reliance Industries had submitted the winning bid of $111.9 million to secure the franchise in 2008. That made Mumbai the most expensive team among the IPL's original eight franchises. The team is ...