Saudi Arabia Eyes Multibillion-Dollar Stake In IPL

Saudi Arabia has reportedly shown keen interest in acquiring a significant financial stake in the Indian Premier League (IPL), the globe’s most prosperous cricket league, according to sources cited by Bloomberg News.

Advisers of Saudi Arabian Crown Prince Mohammed bin Salman have engaged in discussions with Indian government officials regarding the potential consolidation of IPL under a holding company with an estimated valuation of up to $30 billion.

These discussions took place during the crown prince’s visit to India in September, during which the Saudi kingdom proposed an investment of up to $5 billion in the league, alongside ambitions to spearhead its expansion into other nations.

The Board of Control for Cricket in India (BCCI), which oversees the IPL, has not yet responded to Reuters’ request for comment.

It’s worth noting that the IPL, since its inception in 2008, has established itself as one of the wealthiest leagues globally, consistently attracting top-tier players and coaches to India.