Saudi Arabia has expressed interest into buying a multi-billion dollar stake in the Indian Premier League (IPL), the world’s richest cricket league, as reported by Bloomberg on Friday, citing people aware of the matter.
Saudi Arabian Crown Prince Mohammed bin Salman’s advisors have spoken to Indian government officials about moving IPL into a holding company valued at as much as $30 billion.
The report added that the talks were held when the crown prince visited India in September. The kingdom has suggested an investment of $5 billion in the league and also help lead an expansion into other countries.
The Board of Control for Cricket in India (BCCI) did not immediately respond to request for comment.
Ever since its inaugural in 2008, the cricket league has attracted some top players and coaches from around the world. It is one of the most richest leagues in the world.