Saudi Arabia are interested in investing up to 5 Billion in the IPL

Saudi Arabia is interested in buying a stake in the Indian Premier League. Crown Prince Mohammed bin Salman's advisers have discussed the possibility of moving IPL into a holding company, valued at as much as $30 billion.

According to reports, if this is granted, Saudi Arabia will take a significant, multibillion-dollar stake. The report also stated that the talks were held when the Saudi Prince visited India in September.

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The Indian government and the Board of Control for Cricket in India (BCCI) are likely to take a call after next year's elections. Saudi Arabia's sovereign wealth fund could be the vehicle to ultimately go ahead with the deal if the BCCI agrees to it. No final decision has been made and the parties refused a comment to the news site.

IPL already has a large bunch of sponsors, including Aramco and the Saudi Tourism Authority. IPL's popularity is quite evident and the bidders last year pumped in $6.2 billion for the right to telecast the tournaments. The value comes to $15.1 million per match, which is more than the English Premier League and just behind the US National Football League. However, if any Saudi investment comes to IPL, the media rights agreements for the league would require changes.