Saudi Arabia is reviving plans for a Grand Slam-style T20 cricket league after its $5 billion investment in LIV Golf failed to deliver expected returns.
The Public Investment Fund (PIF) now aims to capitalise on cricket’s massive fan base and lower entry barriers.
Reports suggest that the proposed tournament will feature matches across multiple venues at different times, modelled on the Grand Slam format. The initiative reflects PIF’s broader five-year strategy to boost the economy through sports investments.
Saudi Arabia has already invested heavily in football, Formula 1, and boxing. However, cricket’s rising popularity in the region and globally makes it a more lucrative option. Officials believe the sport offers stronger commercial prospects compared to golf, which may not break even for another decade.
Challenges remain. The crowded international calendar complicates scheduling, and attracting top players, especially from India, will be difficult. The Board of Control for Cricket in India (BCCI) restricts contracted players from participating in overseas leagues to protect the exclusivity of the IPL. Without Indian stars, analysts warn the league could struggle to gain traction.
Despite hurdles, Saudi Arabia views cricket as a strategic opportunity to diversify its sports portfolio and strengthen its global presence.
