Saudi Arabia has its eyes on cricket’s Indian Premier League: Reports

Saudi Arabia proposes to invest $ 5 billion into IPL and aid the league’s expansion into other countries, as per a Bloomberg report.

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 | November 6, 2023 , 9:02 am
The positive growth in media stocks is not limited to those in the print media. TV companies, cable TV distribution companies and listed multiplex chains have all benefited in the last one year. (Image source: News18)
The positive growth in media stocks is not limited to those in the print media. TV companies, cable TV distribution companies and listed multiplex chains have all benefited in the last one year. (Image source: News18)

Indian Premier League, popularly known as IPL, one the richest leagues in the world has discovered a new-found interest from Saudi Arabia.

As reported by Bloomberg, the advisers of the kingdom’s crown prince Mohammed Bin Salman held a talk—in the month of September during the visit of the crown prince—with the officials of the Indian government to move IPL into a holding company. The valuation of the company stands at $ 30 billion.

Saudi Arabia also kept ahead the proposal to invest $ 5 billion into IPL and aid in expanding into other countries, stated the report.

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