NewsBytes
    Hindi Tamil Telugu
    More
    In the news
    Virat Kohli
    Rohit Sharma
    Novak Djokovic
    Indian Cricket Team
    Rishabh Pant
    Rafael Nadal
    Hardik Pandya
    NewsBytes
    Hindi Tamil Telugu
    NewsBytes
    User Placeholder

    Hi,

    Logout


    India Business World Politics Sports Technology Entertainment Auto Lifestyle Inspirational Career Bengaluru Delhi Mumbai Visual Stories Find Cricket Statistics Phones Reviews Fitness Bands Reviews Speakers Reviews

    Download Android App

    Follow us on
    • Facebook
    • Twitter
    • Linkedin
     
    Home / News / Sports News / IPL 2021: BCCI-Vivo deal yet to be finalized
    Sports

    IPL 2021: BCCI-Vivo deal yet to be finalized

    IPL 2021: BCCI-Vivo deal yet to be finalized
    Written by Parth Dhall
    Feb 13, 2021, 10:53 am 3 min read
    IPL 2021: BCCI-Vivo deal yet to be finalized

    The decision on whether Vivo will continue to be the title sponsor for the upcoming season of the Indian Premier League (2021) hasn't been finalized as yet. Even as the BCCI had named Vivo as the title sponsor in their IPL Auction list press release on Thursday, the two parties are yet to come to an agreement. Here is more on the same.

    The re-introduction of title sponsor's brand is temporary

    Is is understood that the re-introduction of the title sponsor's brand is only temporary, pending a final arrangement between the two parties. The IPL will carry the name of Vivo as its title sponsor till at least the auction (February 18).

    The brand name will remain till an alternative is found

    Speaking on the same, a franchise official said, "We have been told that it will be called Vivo IPL till the auction as per the original agreement. The previous agreement was paused only till December 31 last year. So the original agreement has kicked in from January 1. Till an alternative arrangement has been made, the brand name will remain."

    Vivo are looking for sub-licensing the sponsorship rights

    Vivo are looking for sub-licensing the sponsorship rights of the IPL and has engaged its media agency, Group M, to find a suitable party. The arrangement would be such that the BCCI would have to be paid Rs. 440 crore per season. If the new party offer less than that, Vivo would have to top it up in order to comply with the agreement.

    The BCCI-Vivo contract was paused last year

    The BCCI and Vivo had paused the five-year contract last season in the aftermath of tension at the Indo-China border. Therefore, Dream 11 had filled in for the last season. However, it has been learned that the fantasy games company is no longer keen to come on board again. As of now, IPL chairman Brijesh Patel, Vivo and Group M have refrained from comments.

    Dream11 had bagged IPL 2020 title sponsorship in 2020

    In August 2020, the fantasy gaming platform Dream11 bagged the title sponsorship rights of IPL 2020 for Rs. 222 crore. The announcement came after Vivo withdrew as sponsors. It was reported that a one-year moratorium was agreed between the two parties.

    Teams must spend 75 per cent of money

    In another development, the BCCI has made it clear that the franchises must spend 75 per cent of the total salary cap (Rs. 85 crore) in the impending auction. The franchises should maintain a minimum (18) and maximum (25) squad size, minimum squad spend (Rs 63.75 crores) and the maximum number of overseas players in the squad (8).

    Share this timeline
    Facebook
    Whatsapp
    Twitter
    Linkedin
    Latest
    Indian Premier League (IPL)
    Cricket: News, Stats and more!
    Vivo Mobiles
    IPL 2021

    Latest

    Reese Witherspoon, Jim Toth split after 11 years of marriage  Hollywood
    Is Bajaj Pulsar 220F or TVS Apache RTR 200 better Bajaj Pulsar 220F
    Karnataka Assembly elections: Congress releases 1st list of 124 candidates Karnataka Election
    Rahul Gandhi to hold 1st presser today after MP disqualification Rahul Gandhi

    Indian Premier League (IPL)

    Mukesh Choudhary, Moshin Khan doubtful for IPL 2023: Details here  Cricket News
    IPL 2023, RR: Squad analysis, schedule, Probable XI, and verdict  Rajasthan Royals (RR)
    IPL 2023, DC: Squad analysis, schedule, Probable XI, and verdict  Delhi Capitals (DC)
    IPL 2023, SRH: Squad analysis, schedule, Probable XI, and verdict  Sunrisers Hyderabad (SRH)

    Cricket: News, Stats and more!

    ICC Rankings: Babar tops ODI charts, Allen gains in T20Is Babar Azam
    England players forced to self-isolate return for Pakistan T20Is England Cricket Team
    ICC World Test Championship 2021-23: Here are the major details ICC World Test Championship
    England chase down 332-run target against Pakistan: Records broken England Cricket Team

    Vivo Mobiles

    Vivo's new flagship to be called 'X Note'; specifications leaked Vivo
    Vivo T1 5G to debut in India on February 9 Vivo
    Vivo Y33s 5G will get a Dimensity 700 chipset Latest Tech News
    Vivo Y75 5G launched in India at Rs. 22,000 Vivo

    IPL 2021

    IPL 2022 will be held in India: Details here Chennai Super Kings (CSK)
    IPL 2021: Here's the list of award winners Kolkata Knight Riders (KKR)
    Chennai Super Kings win fourth IPL title: Records broken Kolkata Knight Riders (KKR)
    IPL 2021 final: CSK post 192/3 against KKR Indian Premier League (IPL)

    Love Sports News?

    Subscribe to stay updated.

    Sports Thumbnail
    Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
    About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
    Follow us on
    Facebook Twitter Linkedin
    All rights reserved © NewsBytes 2023