According to resources, Saudi Arabia is planning to conduct the richest T20 cricket tournament. Reportedly, the team officials met the BCCI officials to discuss the participation of Indian Players in the tournament.&nbsp;



Saudi Arabia is planning to conduct the biggest T20 tournament in the world. The League is set to take place in Gulf. The Saudi Arabia team officially recently met The Board of Control for Cricket in India (<a href="https://en.wikipedia.org/wiki/Board_of_Control_for_Cricket_in_India">BCCI</a>) officials for a discussion regarding the tournament.?



<div class="wp-block-rank-math-toc-block"><nav><ul><li class=""><a href="#ipl-team-franchises-for-saudi-arabias-t-20-league">IPL Team Franchises for Saudi Arabia's T20 League </a></li><li class=""><a href="#giving-his-quote-to-the-indian-express-the-bcci-official-said">Giving his quote to The Indian Express, the BCCI Official said:?</a></li><li class=""><a href="#retired-indian-players">Retired Indian Players </a></li></ul></nav></div>



<h2 class="wp-block-heading" id="ipl-team-franchises-for-saudi-arabias-t-20-league">IPL Team Franchises for Saudi Arabia's T20 League </h2>



<figure class="wp-block-image size-large"><img src="https://admin.icccricketschedule.com/uploads/2023/04/image-77-1024x768.png" alt="Saudi Arabia officials met BCCI" class="wp-image-108891" /></figure>



The team officials reportedly asked the Board Members for the Indian Premier League (IPL) team franchise management and owners to purchase teams in their tournament.?



READ MORE <a href="https://www.icccricketschedule.com/icc-player-of-the-month-march-2023/">ICC Best Player of the Month Award Winner for March 2023 Disclosed</a>



IPL Team Franchises have teams in the domestic cricket leagues in many countries such as the United States of America, South Africa and the United Arab Emirates. The IPL Franchise fans got their hopes high and were excited to see their favourite players participate in other International leagues as well before a BCCI Official disregarded all such speculations.&nbsp;



<h2 class="wp-block-heading" id="giving-his-quote-to-the-indian-express-the-bcci-official-said">Giving his quote to The Indian Express, the BCCI Official said:?</h2>



<blockquote class="wp-block-quote">
<figure class="wp-block-image size-large"><img src="https://admin.icccricketschedule.com/uploads/2023/04/image-79-1024x576.png" alt="Saudi Arabia officials met BCCI" class="wp-image-108894" /></figure>
<cite>"No current Indian players will be taking part in any of the leagues, but as far as franchise participation is concerned, we can?t stop them, their individual decision. We have seen IPL franchises going to South Africa or Dubai and we can?t say no. It?s their choice to have their team in any of the leagues around the world.?</cite></blockquote>



<h2 class="wp-block-heading" id="retired-indian-players">Retired Indian Players </h2>



Many retired Indian Players have recently taken interest in many domestic cricket leagues. Renowned Indian Star-Players like S Sreesanth, Harbhajan Singh, and Suresh Raina recently participated in the Abu Dhabi T10 League, UAE. Irfan Pathan, Gautam Gambhir, Mohd. Kaif and many other Retired Indian cricketers joined hands in the Legends League Cricket held in Qatar.?



The relationship between Saudi Arabia and BCCI is growing stronger. We have witnessed ?Visit Saudi? as one of the major banners in the Indian stadiums for the TATA IPL 2023 matches. Aramco, the Saudi Oil biggie is one of the sponsors of both ICC and BCCI.&nbsp;



We hope to see current and retired Indian players in action in the richest Saudi Arabia T20 League.&nbsp;

?Current Indian Players Will not be Available for Saudi?s Richest T20 League? ? BCCI Official

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IPL 2024: Saudi Arabia to buy Indian Premier League stake at USD 5Bn: Reports: In a much important development for the Board of Control for Cricket in India, the Saudis have shown interest in taking up a USD 5 Billion stake in the lucrative Indian Premier League (IPL) ahead of the Tata IPL 2024. Reports have emerged that the crown prince of Saudi Arabia is keen to invest in the league, which has shown immense progress since its inception in 2008.



As per the report published in Bloomberg, Mohammad bin Salman, the prince of Saudi Arabia is quite interested in the IPL and wants to invest as much as USD 5 Billion valued at USD 30 Billion. 



Reportedly, the discussions were put on the table back in September when Saudi Prince Mohammed Bin Salman visited India. The Saudi government even proposed to help the expansion of the cash-rich Indian Premier League (IPL) to other nations. 



However, the report added that any further development on the matter is unlikely to happen for the time being. The Government of India and the Board of Control for Cricket in India (BCCI) are expected to consider the matter only after the completion of the general elections, which are scheduled for 2024.



The BCCI has not taken any decision regarding the investment offered by Saudi Arabia. If the proposal gets the agreement of the concerned Indian authorities then Saudi Arabia's sovereign wealth fund could be the vehicle to move ahead.



Furthermore, for the development to proceed, the Indian Premier League (IPL) will have to be moved into a holding company. The conversion into a holding company would mean that other interested investors can also pitch their proposals and claim a stake in the showpiece event.



IPL's popularity has skyrocketed in the past few years and it has been on a steady rise since its inception. Last year the bidders shelled out a whopping USD 6 Billion to acquire the media rights of the IPL, which shows how popular the tournament has become. With such highly valued media rights, the IPL has become the world's second most lucrative sports product and is only behind the National Football League of the US.



If we talk about the per-game cost of the IPL, the bidders pumped in USD 13.44 Billion which is approximately INR 105 Crores.



ALSO READ: <a href="https://www.icccricketschedule.com/qualification-scenarios-for-world-cup-2023-semi-finals-here-is-how-all-teams-can-enter-semi-finals-world-cup-2023/">Qualification Scenarios for World Cup 2023 Semi-Finals, Here is how all Teams can enter Semi-Finals World Cup 2023</a>



Visit the&nbsp;<a href="https://www.icc-cricket.com/homepage" target="_blank" rel="noreferrer noopener">ICC OFFICIAL WEBSITE</a>&nbsp;for more recent updates.

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