Saudi Arabia is planning to Acquire Stake in IPL

[marvel44]

Saudi Arabia has expressed interest in buying a multibillion-dollar stake in the Indian Premier League, international cricket’s most lucrative event, following a string of investments that have upended professional sports including football and golf.

Crown Prince Mohammed bin Salman’s advisers have sounded out Indian government officials about moving the IPL into a holding company valued at as much as $30 billion, in which Saudi Arabia would then take a significant stake, people familiar with the matter said. The talks were held when the kingdom’s defacto ruler visited India in September, the people said, asking not to be named as the information is not public.

Under plans discussed at the time, the kingdom proposed investing as much as $5 billion into the league and help lead an expansion into other countries, similar to the English Premier League or the European Champions League, the people said.

Saudi Arabia wants a piece of IPL, expresses interest to buy 'significant' stake worth $5 bn

Saudi Arabia is considering investing in the Indian Premier League (IPL), with plans to place the IPL in a holding company worth up to $30 billion. The kingdom aims to invest up to $5 billion into the league and expand its presence internationally, similar to the English Premier League or the...

m.economictimes.com

 

[JackYU]

Please don't agree BCCI

 

[somnath chakraborty]

The amount of money saudi have they might end up purchase all franchise teams ( although it's good bcci set cap for all tems purse)

 

[rohan7]

Bcci should not agree this

 

[iDJ]

I don't mind as long as money is coming. The term Sportswashing is Western Propaganda. Dude, you sold Americana and BBC to us all these years. Now you have problem Arabs doing same.