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Saudi Arabia Expresses Interest in Multibillion-Dollar Stake in IPL

Saudi Arabia has expressed a strong desire to acquire a multibillion-dollar stake in the Indian Premier League (IPL).

Saudi Arabia has shown a keen interest in acquiring a multibillion-dollar stake in the Indian Premier League (IPL), the world’s wealthiest cricket league, according to reports from Bloomberg News, citing sources familiar with the matter.

High-Value Proposition:

Advisers to Saudi Arabian Crown Prince Mohammed bin Salman have engaged in discussions with Indian government officials regarding the potential consolidation of the IPL under a holding company valued at up to $30 billion, the report reveals.

A Royal Proposition:

These discussions took place during the crown prince’s visit to India in September, and the Saudi kingdom has reportedly proposed an investment of as much as $5 billion in the IPL. They also want to play a pivotal role in expanding the league’s presence into other countries.

Response from Cricket Authorities:

The Board of Control for Cricket in India (BCCI), the governing body of Indian cricket and custodian of the IPL, has not yet responded to requests for comments regarding this development.

The Indian Premier League (IPL) is renowned as one of the wealthiest and most famous cricket leagues globally. Since its inaugural edition in 2008, it has consistently attracted top cricket players and coaches worldwide.

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