Hindustantimes wants to start sending you push notifications. Click allow to subscribe

Vivo to pull out of IPL 2020 title sponsorship: BCCI sources

Hindustan Times, Mumbai | BySanjjeev Karan Samyal
Aug 04, 2020 11:56 PM IST

IPL 2020: The official announcement is expected to be made by Thursday, but sources in the Board of Control for Cricket in India confirmed that Vivo will not be the title sponsor for IPL-13.

Chinese mobile phone company Vivo is likely to pull out as the Indian Premier League’s title sponsor for this year and is in talks with the Indian cricket board for an “amicable separation” amid rising Sino-India diplomatic tensions.

The official announcement is expected to be made by Thursday, but sources in the Board of Control for Cricket in India confirmed that Vivo will not be the title sponsor for IPL-13. In a day or two, the BCCI will be calling for new bids for the title sponsor this year. It is learnt, that the BCCI officials are expected to meet today itself.

Hindustan Times - your fastest source for breaking news! Read now.

IPL 2020 Full Coverage

In their last meetings, the BCCI and IPL Governing Council had not taken a call on VIVO being title sponsors. It led to protests and calls for boycott of the IPL by some right-wing outfits, following which the decision was taken.

It will be a one-year pullout, which will be treated as a moratorium period and if the relations improve, BCCI may look at inking a fresh three-year deal with the company from 2021 to 2023 on revised terms. The IPL will be held in the UAE from September 19 to November 10 this year.

ALSO READ - IPL 2020 in UAE: All about bowling and handling spin well, says Dean Jones | Exclusive

“There is a lot of negative sentiments against the Chinese companies and it is likely to grow, hence it is felt by both the sponsor as well as BCCI it will be better to take a break and wait for the situation to improve,” said a source.

Chinese sponsorship became a bone of contention after the BCCI declared it would review the deals following the violent clashes between the armies of both the countries in eastern Ladakh. The clash, which led to the killing of 20 Indian soldiers, triggered public outrage and led to calls of boycotting Chinese companies and products.

ALSO READ: ‘He had a phenomenal T20I record’: How Rahul Dravid helped Rajasthan Royals find an explosive batsman

Vivo annually pays 440 crore (approximately) as part of a five-year deal lasting till 2022. It is understood that whenever a decision is taken, it will be amicable and the BCCI is not looking at encashing the bank guarantee.

Stay updated with the latest Cricket News, IPL Live Scores, and exclusive insights on the RR vs DC Live Score, IPL 2024 Schedule, match highlights, and more. Explore comprehensive Cricket Schedule, track the race for the Purple Cap and Orange Cap in IPL 2024, and stay ahead with all the cricket-related updates on the Hindustan Times Website and Apps.
SHARE THIS ARTICLE ON
Topics
IPL BCCI VIVO
Start 14 Days Free Trial Subscribe Now
OPEN APP