Saudi Arabia eyes stake in $30 billion IPL

Saudi Arabia has expressed interest in buying a multibillion-dollar stake in the world’s richest cricket league- Indian Premier League (IPL).

As per reports, Saudi Arabian Crown Prince Mohammed bin Salman’s advisers have spoken to Indian government officials about moving the IPL into a holding company valued at as much as $30 billion.

The report stated that the talks were held when the crown prince visited India in September. It further added that the kingdom proposed investing as much as $5 billion into the league and help lead an expansion into other countries.

However, the Board of Control for Cricket in India (BCCI) is yet to respond on the development.

Notably, IPL is one of the richest cricket leagues in the world. The mega event has been attracting top players and coaches across the globe since its inception in 2008.