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.
Recommended
World
India has strengthened its position after the AI Impact Summit in Delhi
India has strengthened its position after the AI Impact Summit in Delhi, where 89 countries and international organisations signed a declaration supporting India’s AI vision.
February 26, 2026 | 07:00
World
High-Level Segment of 61st Session of the UN Human Rights Council Opens in Geneva
On February 23, at the United Nations Office in Geneva, Switzerland, the High-Level Segment of the 61st Session of the United Nations Human Rights Council (UNHRC) was officially opened. The event has drawn significant attention from the international community and member state delegations at a time when the global human rights system is facing profound challenges.
February 24, 2026 | 14:31
World
US Media Commend Vietnam’s Role in Global Peace Efforts
International media outlets and officials have recently praised Vietnam’s increasingly proactive role in efforts to promote peace, stability, and international cooperation, as demonstrated by the participation of the country’s top Party and State leaders in major global forums.
February 22, 2026 | 13:17
World
Vietnam Officially Becomes Association Country of International Energy Agency (IEA)
On February 19, the 2026 Ministerial Meeting of the International Energy Agency (IEA) officially approved the proposal to grant Vietnam the status of an Association Country of the organization.
February 22, 2026 | 13:03
World
Key pacts signed as PM Modi hosts France's Macron for plane cooperation
Prime Minister Narendra Modi on Tuesday welcomed French President Emmanuel Macron in Mumbai and held bilateral talks to strengthen India-France relations, upgrading them to a "Special Global Strategic Partnership.
February 20, 2026 | 07:00
World
India, Canada commit to strengthening bilateral ties, discuss trade
Minister of External Affairs S Jaishankar and his Canadian counterpart Anita Anand discussed "deepening cooperation" and "partnership opportunities" between the two countries on the sidelines of the Munich Security Conference ahead of Prime Minister Mark Carney's likely visit to India next month.
February 19, 2026 | 00:00
World
AI Summit India 2026 Live Updates: ‘Bringing the world together,’ PM Modi welcomes leaders as India hosts AI summit
India AI Impact Summit 2026 Live: Enthusiasm to participate has truly grown, says MeitY secretary S Krishnan
February 16, 2026 | 00:00
World
Safran ready to open India engine production in Rafale deal
French engine maker Safran is ready to build an engine assembly line in India to meet the country's requirements for local production as the French and Indian governments discuss the purchase of 114 more Rafale jets, its CEO said on Friday.
February 14, 2026 | 17:00