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(Reuters) -Saudi Arabia has expressed curiosity in shopping for a multibillion-dollar stake within the Indian Premier League (IPL), the world’s richest cricket league, Bloomberg Information reported on Friday, citing folks acquainted with the matter.
Saudi Arabian Crown Prince Mohammed bin Salman’s advisers have spoken to Indian authorities officers about transferring the IPL right into a holding firm valued at as a lot as $30 billion, the report mentioned.
The talks had been held when the crown prince visited India in September, the report mentioned, including that the dominion proposed investing as a lot as $5 billion into the league and assist lead an enlargement into different nations.
The Board of Management for Cricket in India (BCCI), the custodian of the IPL, didn’t instantly reply to Reuters’ request for a remark.
IPL is without doubt one of the richest leagues on the earth and has been attracting high gamers and coaches to India since its inaugural version in 2008.
(Reporting by Nilutpal Timsina in Bengaluru; Enhancing by Shinjini Ganguli and Shilpi Majumdar)
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