MS Dhoni India
Dhoni is a co-owner of HIL franchise Ranchi RaysReuters

India cricket captain MS Dhoni and Sahara Adventure Sports Limited were named the co-owners of the new Ranchi-franchise of Hockey India League (HIL), Ranchi Rays, which was unveiled on Saturday.

Ranchi Rhinos, who were the inaugural champions of HIL, was scrapped following issues between owners (Patel-PS Group and Uniexcel Group) and Hockey India (HI).

This is the second team in an Indian sports league that Dhoni is investing in after the cricket captain bought a piece of Chennaiyin FC of the Indian Super League.