Saudi Arabia is set to shake up the cricketing world with a new global T20 league backed by a massive $500 million investment. According to The Sydney Morning Herald, this league is expected to be the biggest amongst cricket leagues in the world in terms of financial backing. In recent years, the Saudi government has aggressively expanded its presence in global sports. They have made significant investments in Formula 1, secured hosting rights for the 2034 FIFA World Cup, and are now turning their focus to cricket. If this league takes off as planned, it will add tremendous value to their growing sports portfolio. The tournament is expected to feature eight teams and will be backed by SRJ Sports Investments. Unlike most cricket leagues, this one is inspired by tennis Grand Slams, meaning matches will take place at four different venues across the world. The idea is to make it a truly global league rather than being confined to a single country. The mastermind behind this ambitious project is Neil Maxwell, a former all-rounder who played for New South Wales and Victoria. He is also the current manager of Australian captain Pat Cummins. A potential challenger to IPL With such heavy financial backing, the league could provide direct competition to the Indian Premier League (IPL). If approved, there is speculation that the Board of Control for Cricket in India (BCCI) might ease restrictions on Indian players participating in overseas leagues. Also Read: BCCI Backs Rohit Sharma as Test Captain Despite Past Criticisms However, the final call lies with ICC Chair Jay Shah, who must approve the league’s structure and player participation. Interestingly, the IPL 2025 mega auction was held in Riyadh, Saudi Arabia, in November 2024. Unlike traditional cricket leagues where wealth remains concentrated among a few boards, this league aims to distribute profits more evenly, allowing smaller cricketing nations to benefit financially. While nothing has been finalized yet, the matches are likely to be held across multiple countries, with the final likely to be played in Saudi Arabia. Currently, Saudi Arabia lacks a strong cricketing infrastructure, but if the league proceeds as planned, it could mark the beginning of significant investments in developing the sport within the country.