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Universal Times Magazine > Blog > Sports > Cricket > Saudi Arabia Looking To Invest Billions In IPL 2024: Report
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Saudi Arabia Looking To Invest Billions In IPL 2024: Report

Gaurav Verma
Last updated: 2024/04/02 at 3:03 PM
Gaurav Verma
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Saudi Arabia looking to invest billions in IPL 2024: Report
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When the crown prince of Saudi Arabia traveled to India in September for the G20 Summit, discussions took place.

Saudi Arabia has expressed interest in giving the Indian T20 cricket competition billions of money.

The Indian Premier competition (IPL) is the wealthiest cricket competition globally.

Mohammed bin Salman, the crown prince of Saudi Arabia, is allegedly willing to provide billions of dollars to the Indian Premier League (IPL).

Representatives of Mohammed bin Salman have reportedly talked about turning the Indian Premier League into a holding company that might be worth up to $30 billion, according to a Reuters article. 

Saudi Arabia desires to participate in Twenty20 cricket more.

A number of individuals, referenced in the paper, stated that talks happened when the crown prince visited India for the G20 Summit in September.

The article stated that Saudi Arabia proposed giving the league as much as $5 billion.

Mohammed bin Salman’s advisers have talked with Indian government authorities about turning the Indian Premier League into a holding company and leading its global growth.

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The Board of Control for Cricket in India (BCCI), which is in charge of the IPL, was contacted by Reuters for comment, but they took some time to respond.

The Indian Premier League has become one of the richest sports leagues in the world since its founding. Since its founding in 2008, it has

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Gaurav Verma April 2, 2024 April 2, 2024
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