Skip to content Skip to Search
Skip navigation

Saudi Arabia seeks a stake in $30bn Indian cricket league

By Pramod Kumar
IPL/X
Chennai Super Kings player Ravindra Jadeja celebrates after winning the IPL 2023 at the Narendra Modi Stadium in Ahmedabad on May 30, 2023

Saudi Arabia has shown interest in buying a multi-billion-dollar stake in the Indian Premier League (IPL) following various investments in professional sports such as football and golf.

Advisors of Saudi Arabia’s Crown Prince Mohammed bin Salman spoke to Indian government officials on moving the IPL into a holding company worth $30 billion, Bloomberg reported.

The talks were held when the Crown Prince visited India in September for the G20 Summit.

The kingdom expects to invest $5 billion into the cricket league, followed by its expansion into other countries, the report said.

The IPL ecosystem value has risen to Rs925 billion ($11.12 billion) from Rs870 billion in 2023, up 6.32 percent, according to an earlier report by D&P India Advisory Services.

The Star Sports Network’s broadcast of IPL garnered a viewership of 505 million with a watch time of 427.1 billion minutes, said the Broadcast Audience Research Council India.

Latest articles

Cargo is loaded onto an aeroplane. The Middle East-Europe route accounts for 5% of global traffic

Middle East-Europe is ‘fastest-growing route for air cargo’

The Middle East-Europe route for air cargo was the fastest growing in the world in October, according to International Air Transport Association figures.  Annual growth in cargo tonne-kilometres stood at 15.3 percent in October, IATA said. The global average is 9.8 percent and the Middle East average is 4.5 percent. The Middle East-Europe route has […]

UAE citizens receiving housing aid include the elderly, retirees on lower incomes and widows

Abu Dhabi citizens receive $3.6bn in housing benefits

To coincide with the UAE’s Eid Al Etihad celebrations, thousands of Abu Dhabi citizens have received housing benefit packages worth a total of AED7.72 billion ($2.1 billion). This package, the third awarded this year, brings the total value of housing benefits disbursed to Emiratis during 2024 to AED13.2 billion ($3.6 billion) This week 5,374 Emirati […]

Solar panels near Nanchang, China; Acwa Power wants to acquire clean power assets with a value of up to 20GW

Acwa Power plans to invest $50bn in China by 2030

Saudi energy company Acwa Power plans to invest up to $50 billion in renewable energy projects in China, a senior executive said on Tuesday.  Lyu Yunhe, Acwa Power’s head of China operations, said they aim to work with Chinese state-owned companies to acquire clean power assets with a value of up to 20GW and an additional 1 […]

Turkey inflation rate cut

Rate cut for Turkey in balance as inflation stays high

Despite higher than expected inflation in Turkey in November, the window may remain open for the central bank to cut its key lending rate before the end of this year.  Turkey’s annualised inflation rate fell back to 47.1 percent in November, data issued by the statistics agency Turkstat on December 3 showed, down from October’s […]