Image Source: Photo: ANI and BCCI/IPL
Saudi Arabia has expressed a strong desire to acquire a substantial stake in the Indian Premier League (IPL), the world’s most affluent cricket league, as per a Bloomberg News report. Advisers of Saudi Arabian Crown Prince Mohammed bin Salman have initiated discussions with Indian government officials regarding a potential investment in the IPL. This discussion involves integrating the IPL into a holding company valued at a staggering $30 billion.
The talks transpired during the Crown Prince’s visit to India in September, proposing a Saudi investment totaling nearly $5 billion. Additionally, the kingdom has expressed its interest in leading an expansion of the league into other countries.
The Board of Control for Cricket in India (BCCI), the governing body for the IPL, has not yet responded to inquiries about this development.
Since its inception in 2008, the IPL has been renowned for attracting top-tier players and coaches. It has solidified its place as one of the wealthiest sports leagues globally, making it an attractive platform for both cricket and international investment.