In a recent development, Saudi Arabia has expressed keen interest in acquiring a multibillion-dollar stake in the Indian Premier League (IPL), widely regarded as the world’s richest cricket league. This intriguing move was reported by Bloomberg News, citing individuals with knowledge of the matter.

Notably, advisers of Saudi Arabian Crown Prince Mohammed bin Salman have engaged in discussions with Indian government officials regarding the potential creation of a holding company for the IPL, valued at a staggering $30 billion.

These discussions reportedly took place during the crown prince’s visit to India in September, and the kingdom has proposed a significant investment of up to $5 billion into the league. Furthermore, the Saudis are interested in playing a leading role in the IPL’s expansion into other countries.

The Board of Control for Cricket in India (BCCI), which serves as the custodian of the IPL, has yet to provide an official response to these reports. The IPL has earned its reputation as one of the wealthiest sports leagues globally and has consistently attracted top-tier cricket players and coaches to India since its inaugural season in 2008.

This potential investment by Saudi Arabia could bring about significant changes in the landscape of the IPL, offering opportunities for growth and global expansion. The league’s transformation into a holding company with a valuation of $30 billion would undoubtedly make it a pivotal player in the world of cricket and further solidify its status as a global sporting phenomenon.

The official response from the BCCI and the ensuing developments will be closely monitored by cricket enthusiasts and business analysts alike.

By Ritik Sharma

A common man who is doing calm se kaam, a failed cricketer, still in love with it. Establishing my journey into Journalism & if you love my articles then share it with your dear ones Instagram - @ritiksharma45