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.