BCCI REMOVES VIVO FROM PARTNERING WITH IPL 2020 – WILL IPL TAKE PLACE? – DETAILS

BCCI and Vivo India have decided to part ways for IPL 2020 since the Chinese mobile phone manufacturer partnering amid border tension has invited several complications.

With a winning bid of Rs.2,199 crore for five years, Vivo entered into a 5 year contract with BCCI by paying Rs.440 crore per year.  “It was a tightly drafted contract to protect all parties concerned and the BCCI has done excellently to ensure that there are no legal repercussions to this right now,” said sources to TOI.

However, BCCI is now pressurised to get a new partner to replace Vivo which is a problem now since markets are in distress due to COVID-19. “If there was no IPL this year, franchises wouldn’t be making any money. But the tournament is still happening, which means they’re still taking home something as against nothing. Plus, it’s not the BCCI will not be looking at a replacement for Vivo this year,” BCCI said.

“50% of that value can be recovered through either a new title sponsor or by way of bringing in multiple (three to four) official partners.”