Saudi Arabia launches T20 cricket league to rival IPL

Saudi Arabia is launching a new Twenty20 cricket league to compete with the Indian Premier League and the Big Bash League. The league will consist of eight teams and host matches in four locations throughout the year. The initiative is led by Australian Neil Maxwell and aims to include teams from established cricket nations like India and Australia, as well as emerging countries. Both men's and women's competitions are planned. Funding for the league comes from Saudi Arabia's sRJ Sports Investments, with an expected investment of $500 million. The league requires approval from the International Cricket Council and the Board of Control for Cricket in India to allow Indian players to participate.