Bloomberg has reported that Saudi Arabia is keen on acquiring a multi-billion dollar share in the Indian Premier League (IPL), which is the world’s most financially lucrative cricket league. Advisers of Saudi Arabian Crown Prince Mohammed bin Salman have apparently engaged in discussions with Indian government officials concerning the possibility of placing the IPL under a holding company with an estimated valuation of up to $30 billion.
In addition to this interest, Saudi Arabia has also put forward a proposal to invest a substantial sum, potentially as much as $5 billion, in the league. This investment is intended to support and potentially lead an expansion into other countries. The discussions took place during the crown prince’s visit to India in September, as reported.
Saudi Arabia’s desire to obtain a significant financial stake in the IPL, the wealthiest cricket league globally, was highlighted in Bloomberg News. The Saudi Arabian Crown Prince’s advisers have been in contact with Indian government officials to explore the potential of consolidating the IPL under a holding company valued at up to $30 billion.
