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A group led by Lakshmi Mittal and the Poonawalla family is buying an IPL franchise for $1.65 billion, one of the largest sports deals in Indian history. The price underscores how sharply IPL valuations have risen since two new franchises sold for a combined $1.69 billion in 2022.
Saudi Arabia's Public Investment Fund has sold a 70% majority stake in Al Hilal to Kingdom Holding Company, transferring control of the top Saudi Pro League club to a private holding vehicle. The deal signals a shift away from direct sovereign ownership of sports assets toward a more distributed equity model.
Kingdom Holding Company, controlled by Prince Al Waleed bin Talal, is set to acquire a majority stake in Saudi Pro League club Al Hilal. The move brings one of the Arab world's largest private investment firms into Saudi sports ownership, aligning with Vision 2030's sports and entertainment push. Financial terms have n
Tag
A group led by Lakshmi Mittal and the Poonawalla family is buying an IPL franchise for $1.65 billion, one of the largest sports deals in Indian history. The price underscores how sharply IPL valuations have risen since two new franchises sold for a combined $1.69 billion in 2022.
1mo ago · 2 min · Business
Saudi Arabia's Public Investment Fund has sold a 70% majority stake in Al Hilal to Kingdom Holding Company, transferring control of the top Saudi Pro League club to a private holding vehicle. The deal signals a shift away from direct sovereign ownership of sports assets toward a more distributed equity model.
2mo ago · 1 min · Business
Kingdom Holding Company, controlled by Prince Al Waleed bin Talal, is set to acquire a majority stake in Saudi Pro League club Al Hilal. The move brings one of the Arab world's largest private investment firms into Saudi sports ownership, aligning with Vision 2030's sports and entertainment push. Financial terms have n
2mo ago · 1 min · Business
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