"The Sydney Morning Herald" revealed that the special committee of Saudi Arabia has already discussed this with the BCCI.
Not only limited to this, the current chairman Greg Barclay of the ICC said,
"You should look at other sports related to Saudi Arabia. They are coming forward in every game. I think the cricket event will be more interesting in their country. Such a league would be good for Saudi Arabia given the way they are approaching the sport. Interested in investing in the sport and the potential of cricket in their country regionally".
If Saudi Arabia has taken the initiative in this regard then surely they will implement this concern. And the cricket world will enjoy another IPL-like T20 tournament.
But I guess this could be not near the IPL anyhow and ICC also can't do anything mean they will never be direct party in this case with they have no enough power to force other boards for this franchise league in near future.
One thing we know for sure is that Saudi Arabia is in this for money. They are approaching this from a business mindset. And I believe that’s why they will have success because they will only be interested in making the show better for people so that the revenue is the greatest.
For the investors, I believe the show is going to be great no matter what. And of course, they are going to pay the players a lot of money. So there is no reason for any player to not be in the T20 tournament.