Saudi Arabia keen on buying IPL stake: Reports

As per a Bloomberg report, government officials in India have been told about Saudi Arabia's interest in acquiring a significant stake in a holding company for IPL that could be valued at $30 billion

by e4m Staff
Published: Nov 6, 2023 7:50 AM | 1 min read

Saudi Arabia has shown interest in buying a major stake in the Indian Premier League (IPL).

As per a Bloomberg report, government officials in India have been told about Saudi Arabia's interest in acquiring a significant stake in a holding company for IPL that could be valued at $30 billion.

The report quotes unnamed sources saying that the plan was proposed during the defacto ruler's visit to India in September. At that time, the Kingdom had proposed investing $5 billion.

exchange4media had reported in March this year that Middle East Companies were getting associated with the IPL.

https://www.exchange4media.com/ipl-news/why-are-middle-east-companies-flocking-to-ipl-126320.html

While Saudi Aramco and Saudi Tourism Authority forged partnerships with BCCI, Qatar Airways had joined hands with RCB to expand its footprint in the world’s second largest market.