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[Saba Sports News] Saudi Arabia, led by Crown Prince Mohammed bin Salman, is reportedly considering a substantial investment in the Indian Premier League (IPL), the world’s most lucrative cricket league. Sources indicate that discussions between Saudi Arabian officials and their Indian counterparts took place during the Crown Prince’s visit to India in September, suggesting serious interest in the deal. The Saudi government has expressed its willingness to inject up to $5 billion into the IPL and cooperate on expanding the league’s global presence.
As of now, the Board of Control for Cricket in India (BCCI), which oversees the IPL, has not issued an official statement regarding this matter. A decision is expected after next year’s elections. If the agreement proceeds, Saudi Arabia’s significant wealth fund is likely to play a crucial role in its implementation. However, no final decision has been reached, and both parties have chosen to remain silent.
The IPL is renowned as one of the world’s wealthiest sporting leagues, consistently attracting top talent and coaches since its inception in 2008. The league boasts prominent sponsors, including Aramco and the Saudi Tourism Authority. In the previous year, IPL broadcasting rights were sold for a staggering $6.2 billion, equivalent to $15.1 million per match, surpassing the English Premier League and trailing only the US National Football League.
If Saudi Arabia’s interest materializes, it could potentially reshape media rights agreements for the league. Additionally, there have been attempts to replicate the IPL model in various countries, including a US-based league supported by figures like Satya Nadella and Shantanu Narayen, along with similar leagues in the UAE and South Africa. Saudi Arabia’s potential involvement could elevate the IPL’s status on the global sports stage, marking an exciting development for the league’s future.