Highlights

  • Saudi Arabia is considering $30 billion investment in the Indian Premier League (IPL): Bloomberg
  • Talks took place during the crown prince's visit to India in September: Report

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Saudi Arabia considers $30 billion investment in the Indian Premier League (IPL)

The report also added that it was during the crown prince's September visit to India that Saudi Arabia proposed a $5 billion investment in the league and expressed interest in expanding it to other countries

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      Saudi Arabia has reportedly expressed an interest in acquiring a multibillion-dollar stake in the Indian Premier League (IPL), as per Bloomberg. IPL is renowned as one of the most lucrative international cricket events. This development aligns with a trend of significant investments that have reshaped the landscape of professional sports, including football and golf.

      According to the Bloomberg report, advisors to Saudi Arabian Crown Prince Mohammed bin Salman have initiated discussions with Indian government officials to explore the possibility of incorporating the IPL into a holding company.

      Notably, these talks took place during the crown prince's visit to India in September. It is reported that Saudi Arabia proposed an investment of up to $5 billion into the league and expressed a desire to lead an expansion into other countries.

      Meanwhile, the Board of Control for Cricket in India (BCCI), which oversees the IPL, has not provided an immediate response to Bloomberg's requests for a comment. The IPL stands as one of the world's wealthiest leagues, consistently attracting top players and coaches to India since its inaugural season in 2008.

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