Hyderabad, March 20 -- The Indian Premier League, or the IPL for short, is the greatest cricket extravaganza on earth. But how long will it continue to hold that tag? Reports emanating from Saudi Arabia state that a worldwide cricket League is being planned which may rival the IPL and even surpass it after a few years.

The oil-rich nation is making a significant investment in cricket with plans to launch a global T20 league worth $500 million. The proposed eight-team tournament has been inspired by the Grand Slams of tennis and modelled along similar lines. The tournament will feature matches played across four different locations worldwide each year. The league will feature both men's and women's competitions.

So in that sense, it will...