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
PM Modi’s successful visit to Lao PDR: Some Indicators
One of the notable aspects of Prime Minister Narendra Modi’s recent visit to Lao PDR was that he was the first leader who addressed the 19th East Asia Summit (EAS) after the host and incoming chair, signifying India's importance in ASEAN.
October 14, 2024 | 11:29
World
Bangladesh’s Interim government faces scrutiny amid political upheaval
Recent political upheaval in Bangladesh has exposed deep vulnerabilities in the nation's governance and raised concerns over foreign influence.
October 11, 2024 | 15:27
World
PM Modi to embark on Laos visit to attend 21st ASEAN-India, 19th East Asia Summits
Prime Minister Narendra Modi will visit Laos from October 10-11, the Ministry of External Affairs said on Tuesday. The Prime Minister’s visit comes at a time when India is marking a decade of the Act East Policy this year.
October 10, 2024 | 12:38
World
Century-Strength Hurricane Milton Targets Florida
Florida residents are reinforcing their homes and urgently evacuating as Hurricane Milton, considered the most powerful storm to hit Tampa Bay in over 100 years, approaches.
October 10, 2024 | 10:06
Popular article
World
Sino-Japanese clashes lkely to escalate amid growing military threats
Chinese media had initially welcomed the selection of the ‘moderate’ Shigeru Ishiba as Japan’s new prime minister, but the optimism was short-lived. Within hours of his appointment, Japan sent its warship, the *Sazanami*, through the Taiwan Strait for the first time, signaling a significant shift in Tokyo’s military posture.
October 08, 2024 | 15:45
World
Vietnam Contributes to the Success of 44th, 45th ASEAN Summits
Deputy Minister of Foreign Affairs Do Hung Viet, Head of Vietnam ASEAN SOM, attended the preparatory meeting for the 44th-45th ASEAN Summits in Vientiane (Laos) on Oct. 7.
October 08, 2024 | 12:09
World
Astrakhan Dried Fish: Treasure of the Volga River
Astrakhan dried fish is a traditional dish of the lower Volga River, Russia. Made from freshwater fish such as vobla, sturgeon, and bass, it carries the rich flavor of the majestic river and is handmade as an art passed down through generations by artisan fishermen.
October 08, 2024 | 09:54
World
Pakistan considers Chinese Military Base at Gwadar, raising sovereignty concerns
Pakistan has reportedly agreed to establish a Chinese military base at Gwadar Port in Balochistan. With the China-Pakistan Economic Corridor (CPEC) slowing down and Pakistan struggling with debt, China has been pressuring Pakistan to offset its financial losses.
September 30, 2024 | 09:42