Saudi Arabia eyes stake in $30 bln Indian Premier League - Bloomberg News
Saudi Arabia has expressed interest in buying a multibillion-dollar stake in the Indian Premier League (IPL), the world's richest cricket league, Bloomberg News reported on Friday, citing people familiar with the matter.
 |
| Indian Premier League- Mumbai Indians v Royal Challengers Bangalore- Wankhede Stadium, Mumbai, India - May 9, 2023. Mumbai Indians' fans celebrate during the match. REUTERS/Francis Mascarenhas/File |
Saudi Arabian Crown Prince Mohammed bin Salman's advisers have spoken to Indian government officials about moving the IPL into a holding company valued at as much as $30 billion, the report said.
The talks were held when the crown prince visited India in September, the report said, adding that the kingdom proposed investing as much as $5 billion into the league and help lead an expansion into other countries.
The Board of Control for Cricket in India (BCCI), the custodian of the IPL, did not immediately respond to Reuters' request for comment.
IPL is one of the richest leagues in the world and has been attracting top players and coaches to India since its inaugural edition in 2008.
Most read
Recommended
World
COP28: Vietnam Joins The Global Cooling Pledge
Over 60 countries have signed the Global Cooling Pledge, announced today by the UAE as host of COP28 and the Cool Coalition. The pledge targets substantially reducing global cooling emissions by 68 percent by 2050.
December 08, 2023 | 17:01
World
ASEAN Journalists Discussed Experience to Manage Digital Newsrooms
On December 7, in Hanoi, the International Press Workshop “Digital Newsrooms Management: Theory, Practice, Experience in the ASEAN Region” was held by the Vietnam Journalists’ Association.
December 07, 2023 | 17:30
World
Vietnam Takes Part in 20th Session of UNIDO General Conference
Vietnam attaches great importance to continuing cooperation with the United Nations and its agencies in a number of areas.
December 06, 2023 | 14:15
World
VIIPs rising: India’s strategic pivot and the reshaping of global geopolitics
Renowned journalist Tsuchiya Hideo in his recent article, “Goodbye BRICS, Hello VIIPs—Southern Asia as the New Growth Hub” asserts that the VIIPs (Vietnam, India, Indonesia, and the Philippines) represent the next wave of economic powerhouses
December 06, 2023 | 08:00
Popular article
World
Vietnam's Prime Minister Proposes 3 Cooperation Orientations for G77
Prime Minister Pham Minh Chinh attended the Group of 77 (G77) summit on climate change in Dubai on December 2 (local time), as part of the 28th Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change there.
December 05, 2023 | 19:52
World
NASA to train Indian astronaut for ISS voyage in deepening space ties
NASA will train an Indian astronaut for a voyage to the International Space Station as early as next year, NASA Administrator Bill Nelson said on Wednesday, amid deepening space ties between India and the United States.
December 02, 2023 | 08:00
World
India's global leadership: G-20 virtual summit and beyond
The G-20 Virtual Leaders' Summit on November 22, 2023, marked the culmination of India's dynamic G20 presidency. It was convened virtually under the leadership of Prime Minister Narendra Modi following the in-person New Delhi Leaders’ Summit
December 01, 2023 | 11:08
World
Towards a Brighter Future: India's G20 Presidency and the Dawn of New Multilateralism
As India marks its one year of assuming G20 Chairmanship, the Indian Embassy to Vietnam sent press agencies an article by Prime Minister Narendra Modi. In his article, Modi sums up India's achievements and presents his assessments on the topic. The VietnamTimes would like to introduce Modi's article to our readers.
November 30, 2023 | 14:10