Saudi Arabia has reportedly shown interest in purchasing a multibillion-dollar stake in the Indian Premier League (IPL), according to Bloomberg News. Sources familiar with the matter revealed that Saudi Arabian Crown Prince Mohammed bin Salman’s advisers have held discussions with Indian government officials regarding the IPL’s potential inclusion in a holding company with a valuation of up to $30 billion. These talks took place during the crown prince’s visit to India in September. The kingdom has proposed investing around $5 billion into the league and assisting with its expansion into other nations. The Board of Control for Cricket in India (BCCI), which oversees the IPL, has not yet responded to requests for comment. Since its establishment in 2008, the IPL has become one of the wealthiest cricket leagues globally, attracting top players and coaches to India.
Saudi Arabia expresses interest in acquiring stake in $30 billion Indian Premier League
