Saudi Arabia Eyes Multibillion-Dollar Stake in IPL, Ushering in a New Era for Indian Cricket

Saudi Arabia Eyes Multibillion-Dollar Stake in IPL, Ushering in a New Era for Indian Cricket

In a surprising development, Saudi Arabia has signalled its keen interest in securing a substantial multibillion-dollar stake in the crown jewel of international cricket, the Indian Premier League (IPL). This move follows a series of game-changing investments in various professional sports, ranging from football to golf, orchestrated by Crown Prince Mohammed bin Salman's advisors.

Reliable sources have disclosed that discussions regarding this potential investment were initiated during the visit of Saudi Arabia's de facto ruler to India in September. The individuals providing this information have requested to remain anonymous due to the sensitive nature of the matter.

As per the details revealed at the time, Saudi Arabia expressed its willingness to inject a colossal sum of up to $5 billion into the IPL. Moreover, they are contemplating a broader vision that involves spearheading an expansion of the IPL into other countries, drawing parallels with the English Premier League or the European Champions League.

The envisaged plan encompasses the creation of a holding company, potentially valued at an astonishing $30 billion, which would serve as the foundation for this ambitious venture. Within this framework, Saudi Arabia would secure a substantial stake, effectively reshaping the landscape of international cricket.

These exciting developments mark a pivotal moment in the world of cricket, as the IPL contemplates a partnership with a major player from the world of global sports investments. The ramifications of such a move are sure to reverberate throughout the cricketing world, and we will be closely following any further developments in this intriguing story.



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