Vivo had acquired IPL sponsorship rights for Rs 2190 crore for five years from 2018 to 2022.IPL 2020: The effect of increasing tension on the border between India and China has now reached the cricket event. The Cricket Board of India (BCCI) on Thursday suspended the title sponsorship deal with Chinese mobile phone company Vivo for the upcoming season of the Indian Premier League (IPL) amid rising tensions between India and China.
The BCCI sent out a one-line statement that did not give any details and said that Vivo will not be associated with the IPL this year. According to the press release, “BCCI and Vivo Mobile India Pvt Ltd have decided to suspend their partnership for the Indian Premier League in 2020.”
The rights were bought for Rs 2190 crore
Vivo had acquired IPL sponsorship rights for Rs 2190 crore (about Rs 440 crore each year) for five years from 2018 to 2022. The BCCI is likely to initiate the tender process for the new title sponsor as per its constitution. The IPL will start from September 19 in the United Arab Emirates, which has to be organized abroad due to the rising Kovid-19 cases in India.
IPL will run for 51 days from September 19
The Indian Premier League (IPL) 2020 will be played in the United Arab Emirates (UAE) from 19 September to 8 November. This will be a full flanged tournament. IPL will last for a full 51 days. The IPL has become possible after the decision of the ICC to postpone the T20 World Cup to be held in Australia in October-November 2020. The host country had expressed its inability to organize the IPL due to the corona virus epidemic. The Standard Operating Procedure is being prepared to fight the Corona epidemic and the BCCI will officially write to the Emirates Cricket Board in this matter.