Saudi Arabia Plans $500 Million Global T20 Cricket League

Proposed eight-team league modeled on tennis Grand Slams aims to reshape cricket with international tournaments across four locations annually.

Saudi Arabia's SRJ Sports Investments is reportedly backing the league with $500 million in funding, aiming to attract top global cricket talent.
The proposed league, developed by Australian cricket figure Neil Maxwell, envisions four tournaments annually in different countries, including Saudi Arabia and Australia.
Discussions with the International Cricket Council (ICC) are ongoing, with the league requiring ICC approval to proceed.
The league seeks to address financial disparities in cricket by providing revenue to smaller nations and supporting the sustainability of Test cricket beyond dominant nations like India, England, and Australia.
Key challenges include securing exemptions for player participation under ICC rules and navigating scheduling conflicts in an already packed global cricket calendar.