MBS is tightening his grip on world sports, the Saudi Crown Prince is now eyeing cricket and wants to invest $5 billion in the Indian Premier League.

Via Facebook / @IPL - Indian Premier League

Saudi Arabia is not only enhancing its sporting scene but also setting its sights on India. Crown Prince MBS’s ambition has led to discussions with Indian government officials regarding a stake in the $30 billion Indian Cricket League. Saudi royal Mohammed bin Salman has proposed investing up to $5 billion in the IPL. This move may also be followed by a foray into other countries, similar to the English Premier League or the European Champions League, as Bloomberg reported. What remains to be seen is whether the Indian government and the country’s cricket regulator, BCCI, share the same enthusiasm as the wealthy Kingdom.

Via Facebook / @IPL – Indian Premier League

They are currently silent on the matter and will most likely make a decision on the proposal after next year’s federal election. The IPL is one of the most popular cricket leagues in the world. Asia’s richest man, Mukesh Ambani of Reliance Industries, is also heavily invested in the IPL, with his better half, Nita Ambani, serving as the co-owner of the IPL team Mumbai Indians.

Also read -  With a view to recreating the French Riviera in the Gulf, Saudi Crown Prince MBS is building a superyacht repair facility on its seahorse-shaped Sindalah Island resort

Saudi Arabia will be hosting the 2029 Asian winter games at the futuristic ski resort Trojena.

Saudi Arabia has been investing billions of dollars in sports and has given it immense importance in nearly all megaprojects like Qiddiya, ski-resort Trojena, Neom, and so on. According to sources, the chairman of the sports governing body in the kingdom has expressed a desire to turn the nation into a global cricketing destination. “You can’t compete with money, especially the money that Saudi Arabia is throwing around to certain people,” said England cricket captain and one of the world’s top players, Ben Stokes, in an interview with Bloomberg this year.

Also read -  Will Saudi prince MBS' $1 trillion 105-mile-long desert city be the world's grandest wonder or a colossal failure? Too ambitious for its own good, it will have its own giant fake moon, animatronic dinosaurs, robots as farmers, and tropical rainforests.

The incredibly affluent Saudi wealth fund, PIF, acquired a majority stake in the English Premier League football club Newcastle United FC in 2021.

Tags from the story
Written By
With over 15 years in luxury journalism, Neha Tandon Sharma is a notable senior writer at Luxurylaunches. Her expertise spans luxury yachts, high-end fashion, and celebrity culture. Beyond writing, her passion for fantasy series is evident. Beginning with articles on women-centric gadgets, she's now a leading voice in luxury, with a fondness for opulent superyachts. To date, her portfolio boasts more than 2 million words, often penned alongside a cappuccino.