News Headlines
IPL May Get $5 Billion Investment From Saudi Arabia, Discussions Took Place During Mohammed Bin Salman's India Visit
IPL ground
Saudi Arabia has shown interest in acquiring a multi-billion-dollar stake in the Indian Premier League (IPL), the world's wealthiest cricket league, according to Bloomberg.
Citing sources with knowledge of the matter, the report states that advisers to Saudi Arabian Crown Prince Mohammed bin Salman have engaged with Indian government officials to explore the possibility of transferring the IPL to a holding company with an estimated value of up to $30 billion.
These discussions took place during the crown prince's visit to India in September, with the kingdom proposing an investment of as much as $5 billion into the league and playing a leading role in its expansion into other countries.
The Board of Control for Cricket in India (BCCI), which oversees the IPL, has not commented on the matter yet.
The IPL stands as one of the world's wealthiest leagues and has consistently attracted top players and coaches to India since its inaugural edition in 2008.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
