Saudi Arabia is considering a large investment in the Indian Premier League. According to a widely circulated Bloomberg report, the Middle Eastern country intends to invest $5 billion USD in the league, which is expected to be worth up to $30 billion USD by 2023. Many nations consider investing in cricket’s richest league to be profitable. Saudi Arabia appears to be no different.
Saudi Arabia’s crown prince’s advisers, Mohammad Bin Salmaan, are said to have met with league officials. According to reports, Saudi advisers have met with government officials about transferring the Indian Premier League to a holding company worth billions of dollars. This could be a significant breakthrough for the league in its global market.
In many parts of the world, IPL is popular. Saudi Arabia is willing to collaborate in order to increase its popularity. According to reports, talks took place between Indian and Saudi Arabian officials about Salmaan’s visit to India in September during the G20 meeting in Delhi. They claimed that the kingdom intended to invest $5 billion in the league for global expansion.
Saudi’s involvement with the Indian Premier League:
While the Saudi offer impressed Indian officials, there has been no official response from the Indian side. Since its inception, the IPL has been one of the richest leagues. The league’s worth has increased exponentially over time. Its worth increases year after year. The majority of the world’s top players and coaches participate in the league for the money.
The only limit to the league’s expansion is the sky. Saudi Arabia has a strong grip on sports viewership. With the money they have, they have popularized sports such as football in various parts of the world. They are now attempting to do the same with cricket. India must respond in order for this to occur.
The Indian Premier League is a men’s Twenty20 cricket league played in India each year, with ten city-based franchise teams competing. The BCCI established the league in 2007. Every year, the competition is held in the summer between March and May.
So, this was all about the possible investment by Saudi Arabia in the Indian Premier League (IPL). Also read, IPL franchises might approach these 5 Dutch cricketers!
