Hadi Rizvi
First Class Star
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- May 11, 2015
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[MENTION=76058]cricketjoshila[/MENTION]
Time to ask your brethren what they are on about?
-
Contact the PP Team
Dream 11 as IPL 2020 title sponsor, Unacademy as official partner for 3 years [Update Post#250]
- Thread starter Bhaag Viru Bhaag
- Start date
Time to ask your brethren what they are on about?
cricketjoshila
ODI Captain
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https://www.google.co.in/amp/s/m.hi...pl-2020/story-2r4Sa9Y7jvmFwWgz22ZRpL_amp.html
Your understanding is little about these matters. You dont walk out of an agreement unilaterally and don't oay compensation. Because both parties wanted to avoud negative propoganda, they mutually decided to suspend the partnership.
Your understanding is little about these matters. You dont walk out of an agreement unilaterally and don't oay compensation. Because both parties wanted to avoud negative propoganda, they mutually decided to suspend the partnership.
cricketjoshila
ODI Captain
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Bhai why are you so desperate about Indian ghairat?
Other day you were dreaming about bcci paying out of its pocket.
Tencent hold less than 10 per cent in Dream11. A minority investor.
cricketjoshila
ODI Captain
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They are making much ado about nothing. Dream11 has come out and said that Tencent hold less than 10 per cent in Dream11. So neither its a chinese company nor chinese hold majority stake.
cricketjoshila
ODI Captain
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You think BCCI will have a contract thats so easy to get out of?
Bcci wanted to get out, but that would have meant legal ramifications. Vivo wanted to get out too, so both mutually agreed to suspend the sponsorship for 1 year.
Slim
T20I Debutant
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- Apr 18, 2018
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So India China behen bhai after one year?
Bhaag Viru Bhaag
Senior Test Player
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- Aug 20, 2013
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One year? India and China are already behan bhai after 2 months of banning and boycotting.
Last edited:
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Despite Dream11 securing IPL title rights for the upcoming season, the BCCI is yet to officially confirm the fantasy gaming platform’s successful bid. The board wants Dream11 to raise its bid for the next two seasons (2021 and 2022) as it’s not willing to settle for the current offer of Rs 222 crore per year.
BCCI invited Expression of Interest from potential sponsors after ending its deal with Chinese phone maker VIVO which was paying it Rs 440 crore per season. Also Read - PAK-CC vs ICV Dream11 Team Predictions, ECS T10 - Vienna: Captain And Vice-Captain, Fantasy Cricket Tips Pakistan Cricket Club vs Indian CC Vienna, 16th Match at Seebarn Cricket Ground 12:30 PM IST Thursday August 20
According to news agency PTI, BCCI and Dream11 are still negotiating on the conditional three-year bid as per which the company is expected to pay Rs 240 crore each in 2021 and 2022 should Vivo not return. Also Read - IPL 2020: Shubman Gill Will be Part of Kolkata Knight Riders Leadership Group, Says Coach Brendon McCullum
“It was always clear that the highest bidder may not get the title rights (it was specified by the BCCI before accepting the Expression of Interest from bidders),” a veteran BCCI official, privy to the development, was quoted as saying by PTI on conditions of anonymity.
“Having said that, Dream11 has bid the highest and are still favourites to get it, a few issues are still being ironed out before an official announcement comes,” the official added.
BCCI reportedly wants the company to increase its bid for the second and third year of the deal. “If it’s for only year 2020, then Rs 222 crore works fine. But it was a conditional bid for three years. We still have our deal with Vivo on,” the official said.
“We haven’t closed it as it’s a pause. If we are getting Rs 440 crore, why will we settle for Rs 240 crore?” he asked.
In this scenario, Dream11 has two options — either to accept a one-year or rather four months 13 days deal of Rs 222 crore or increase the conditional amount for 2021 and 2022, which is their discretion.
https://www.india.com/sports/dream1...s-for-next-two-seasons-to-be-revised-4115976/
BCCI invited Expression of Interest from potential sponsors after ending its deal with Chinese phone maker VIVO which was paying it Rs 440 crore per season. Also Read - PAK-CC vs ICV Dream11 Team Predictions, ECS T10 - Vienna: Captain And Vice-Captain, Fantasy Cricket Tips Pakistan Cricket Club vs Indian CC Vienna, 16th Match at Seebarn Cricket Ground 12:30 PM IST Thursday August 20
According to news agency PTI, BCCI and Dream11 are still negotiating on the conditional three-year bid as per which the company is expected to pay Rs 240 crore each in 2021 and 2022 should Vivo not return. Also Read - IPL 2020: Shubman Gill Will be Part of Kolkata Knight Riders Leadership Group, Says Coach Brendon McCullum
“It was always clear that the highest bidder may not get the title rights (it was specified by the BCCI before accepting the Expression of Interest from bidders),” a veteran BCCI official, privy to the development, was quoted as saying by PTI on conditions of anonymity.
“Having said that, Dream11 has bid the highest and are still favourites to get it, a few issues are still being ironed out before an official announcement comes,” the official added.
BCCI reportedly wants the company to increase its bid for the second and third year of the deal. “If it’s for only year 2020, then Rs 222 crore works fine. But it was a conditional bid for three years. We still have our deal with Vivo on,” the official said.
“We haven’t closed it as it’s a pause. If we are getting Rs 440 crore, why will we settle for Rs 240 crore?” he asked.
In this scenario, Dream11 has two options — either to accept a one-year or rather four months 13 days deal of Rs 222 crore or increase the conditional amount for 2021 and 2022, which is their discretion.
https://www.india.com/sports/dream1...s-for-next-two-seasons-to-be-revised-4115976/
Smbhayi
Test Debutant
- Joined
- Nov 29, 2013
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Why people think there's a big loss in this deal? All I can see Vivo gives 439.8 cr in two season or 220 per season.. Actually it's a gain of 2 crores lol..
BTW I don't mind who sponsors who.. I'm using Chinese brand, Poco X2, and had Xender in my phone..
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Bengaluru-based edu-tech firm 'Unacademy' has been roped in the as official partner for the Indian Premier League for three seasons, the BCCI announced on Saturday. The 13th IPL is scheduled to be held in UAE from September 19 to November 10. "We are pleased to have Unacademy on board as the 'Official Partner' of the Indian Premier League 2020 to 2022," IPL chairman Brijesh Patel said in a release.
"IPL is the most watched cricket league in India and as a homegrown Indian edutech company we believe that Unacademy can create a huge positive impact on the aspirations of the audience watching, especially the millions of Indian youth who are seeking inspiration in their careers."
Commenting on the association, Karan Shroff, VP - Marketing, Unacademy, said: "We are delighted to become the Official Partner of IPL. Unacademy is a high-intensity brand that has disrupted the education and learning market with innovations and broken geographical barriers for Learners and Educators.
"With this partnership, we will double-down on our efforts to make Unacademy the biggest brand in the consumer-internet space in India. We thank the BCCI and IPL for the opportunity and look forward to a long and fruitful partnership."
The BCCI had earlier announced fantasy gaming platform Dream11 as this year's IPL title sponsor, replacing Chinese mobile phone company Vivo.
Dream11 had pipped educational technology companies Unacademy and BYJUs to win the rights for a period of four months and 13 days with a bid of Rs 222 crore.
https://sports.ndtv.com/ipl-2020/bc...fficial-ipl-partner-for-three-seasons-2287256
"IPL is the most watched cricket league in India and as a homegrown Indian edutech company we believe that Unacademy can create a huge positive impact on the aspirations of the audience watching, especially the millions of Indian youth who are seeking inspiration in their careers."
Commenting on the association, Karan Shroff, VP - Marketing, Unacademy, said: "We are delighted to become the Official Partner of IPL. Unacademy is a high-intensity brand that has disrupted the education and learning market with innovations and broken geographical barriers for Learners and Educators.
"With this partnership, we will double-down on our efforts to make Unacademy the biggest brand in the consumer-internet space in India. We thank the BCCI and IPL for the opportunity and look forward to a long and fruitful partnership."
The BCCI had earlier announced fantasy gaming platform Dream11 as this year's IPL title sponsor, replacing Chinese mobile phone company Vivo.
Dream11 had pipped educational technology companies Unacademy and BYJUs to win the rights for a period of four months and 13 days with a bid of Rs 222 crore.
https://sports.ndtv.com/ipl-2020/bc...fficial-ipl-partner-for-three-seasons-2287256
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- Oct 2, 2004
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- 217,577
Covid-19 has led to cricket --- and IPL, one of its most marketable assets --- offering reduced prices for sponsorship. Three IPL franchises roped in replacement shirt sponsors at lower prices. Vivo’s exit as IPL title sponsors led to a substantial revenue shortfall for BCCI, the mobile phone company pulling out this year after military tension on the border between India and China in eastern Ladakh. And there are no takers yet for a new kit sponsorship deal for the India team.
Nike was India’s kit sponsor, the deal which expires in this month worth Rs 87 lakh per match. New kit sponsors had been invited at a reduced base price of R65 lakh per match but neither Adidas nor Puma, who picked up tender documents, placed a bid by September 1, the deadline. BCCI has till December, when India tour Australia, to find one.
IPL 2020 Full Coverage
Fantasy gaming company Dream 11 replaced Vivo at R 222 crore, the contract being 50% of what BCCI earned last year. At the time IPL chairman Brijesh Patel said: “In the given circumstances, we are happy with the deal. These rights are only for four months and only for this edition of the IPL.”
Dream 11 moving up the sponsorship ladder meant a vacant spot in the associate sponsorship space. Another IPL associate sponsor, Future Group, too moved away. The vacancies, said to be in the range of R40 crore each, have been filled by edu-tech platform Unacademy and fintech start-up Cred. “Well done bcci and team ..in spite of tuff markets ..,” Sourav Ganguly tweeted, the BCCI president tagging all eight IPL franchises.
Already burdened by the absence of gate receipts and a reduced share from the central revenue pool due to drop in the title rights’ value, franchises too have been forced to offer discounts to sponsors.
“On gate receipts, it has to be seen what model BCCI will come up with. Sponsorships have been difficult but luckily for us, given the fact that we have long-term deals, most of them have stayed on,” said Mohit Burman, co-owner of Kings XI Punjab.
A source connected with franchise-sponsorships deals said most companies have come on board with 20-25% reduction in pay for this year’s IPL, beginning in UAE on September 19. “Typically, the eight franchises are divided in two sets for principal sponsorships: the top two are Mumbai Indians and Chennai Super Kings, followed by Kolkata Knight Riders (KKR) and then Royal Challengers Bangalore, due to Virat Kohli’s presence. They are in the range of R15-23 crore. The rest are all in R11-14 crore range, sometimes less,” said the source.
Daikin, who had signed as principal jersey sponsor for Delhi Capitals to boost air-conditioner sales for the event originally scheduled to start in March, dropped out when IPL got deferred. Co-owners JSW have picked up the sponsorship for a reduced price. Daikin’s deal was approximately worth R14 crore. “We at the JSW Group see this as a tremendous opportunity to step in as Principal Sponsor for the Delhi Capitals. There are few properties that garner the viewership of the IPL,” said Parth Jindal, chairman and co-owner of Delhi Capitals.
Rajasthan Royals too lost a bumper shirt deal. They had signed with Dubai Expo which got postponed. News network TV9 is said to have come in at a lower rate. The network has also booked space in KKR’s non-leading arm. “It serves both the parties well. From TV9’s point of view, going with IPL helps their image in the prevailing news market scenario. It takes a while to be No.1 in the Hindi news space and this will help in their quest. Between two franchises they will have visibility across 28 matches,” said Arshad Shawl, founder Alliance Advertising.
“From franchise’s perspective, tying up with a broadcast partner who promotes your team’s on and off-field activities 24/7 will save your marketing cost.”
KKR lost Byjus as principal sponsor and had to accept the replacement, gaming company Mobile Premier League, paying less. “KKR is able to rope in a lot of sponsors which are endorsed by their co-owner Shah Rukh Khan, Byjus being one of them. But with their competitors Unacademy coming in as IPL associate partners, they would have their name on the mat, mentioned by commentators. It’s understandable of Byjus to move out, not wanting to play second-fiddle,” said the source connected to franchise sponsorship deals.
Industry watchers though believe the drop in valuations are temporary. Franchises that suffered losses in the initial years too are willing to take a long-term view. “Undoubtedly, in the last few years we have seen a huge increase in central revenues and that certainly helps us, with the losses we have gone through in the initial years,” said Burman.
https://www.hindustantimes.com/cric...r-india-yet/story-8YJokYv9z1issxe7S3ZyFO.html
Nike was India’s kit sponsor, the deal which expires in this month worth Rs 87 lakh per match. New kit sponsors had been invited at a reduced base price of R65 lakh per match but neither Adidas nor Puma, who picked up tender documents, placed a bid by September 1, the deadline. BCCI has till December, when India tour Australia, to find one.
IPL 2020 Full Coverage
Fantasy gaming company Dream 11 replaced Vivo at R 222 crore, the contract being 50% of what BCCI earned last year. At the time IPL chairman Brijesh Patel said: “In the given circumstances, we are happy with the deal. These rights are only for four months and only for this edition of the IPL.”
Dream 11 moving up the sponsorship ladder meant a vacant spot in the associate sponsorship space. Another IPL associate sponsor, Future Group, too moved away. The vacancies, said to be in the range of R40 crore each, have been filled by edu-tech platform Unacademy and fintech start-up Cred. “Well done bcci and team ..in spite of tuff markets ..,” Sourav Ganguly tweeted, the BCCI president tagging all eight IPL franchises.
Already burdened by the absence of gate receipts and a reduced share from the central revenue pool due to drop in the title rights’ value, franchises too have been forced to offer discounts to sponsors.
“On gate receipts, it has to be seen what model BCCI will come up with. Sponsorships have been difficult but luckily for us, given the fact that we have long-term deals, most of them have stayed on,” said Mohit Burman, co-owner of Kings XI Punjab.
A source connected with franchise-sponsorships deals said most companies have come on board with 20-25% reduction in pay for this year’s IPL, beginning in UAE on September 19. “Typically, the eight franchises are divided in two sets for principal sponsorships: the top two are Mumbai Indians and Chennai Super Kings, followed by Kolkata Knight Riders (KKR) and then Royal Challengers Bangalore, due to Virat Kohli’s presence. They are in the range of R15-23 crore. The rest are all in R11-14 crore range, sometimes less,” said the source.
Daikin, who had signed as principal jersey sponsor for Delhi Capitals to boost air-conditioner sales for the event originally scheduled to start in March, dropped out when IPL got deferred. Co-owners JSW have picked up the sponsorship for a reduced price. Daikin’s deal was approximately worth R14 crore. “We at the JSW Group see this as a tremendous opportunity to step in as Principal Sponsor for the Delhi Capitals. There are few properties that garner the viewership of the IPL,” said Parth Jindal, chairman and co-owner of Delhi Capitals.
Rajasthan Royals too lost a bumper shirt deal. They had signed with Dubai Expo which got postponed. News network TV9 is said to have come in at a lower rate. The network has also booked space in KKR’s non-leading arm. “It serves both the parties well. From TV9’s point of view, going with IPL helps their image in the prevailing news market scenario. It takes a while to be No.1 in the Hindi news space and this will help in their quest. Between two franchises they will have visibility across 28 matches,” said Arshad Shawl, founder Alliance Advertising.
“From franchise’s perspective, tying up with a broadcast partner who promotes your team’s on and off-field activities 24/7 will save your marketing cost.”
KKR lost Byjus as principal sponsor and had to accept the replacement, gaming company Mobile Premier League, paying less. “KKR is able to rope in a lot of sponsors which are endorsed by their co-owner Shah Rukh Khan, Byjus being one of them. But with their competitors Unacademy coming in as IPL associate partners, they would have their name on the mat, mentioned by commentators. It’s understandable of Byjus to move out, not wanting to play second-fiddle,” said the source connected to franchise sponsorship deals.
Industry watchers though believe the drop in valuations are temporary. Franchises that suffered losses in the initial years too are willing to take a long-term view. “Undoubtedly, in the last few years we have seen a huge increase in central revenues and that certainly helps us, with the losses we have gone through in the initial years,” said Burman.
https://www.hindustantimes.com/cric...r-india-yet/story-8YJokYv9z1issxe7S3ZyFO.html
Slog
Senior Test Player
- Joined
- Feb 15, 2015
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- 28,984
- Post of the Week
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Seems like Chinese brands are back with a full force in IPL this year. Last year BCCI and Indian fans didn’t want a Chinese brand to be headlining their flagship tournament but I guess Ladakh is way in the past now and the situation there has been accepted by Indian organizers and fan base.
Indian captain Kohli is also brand ambassador for Vivo now.
Indian captain Kohli is also brand ambassador for Vivo now.
Bilal7
T20I Star
- Joined
- Feb 17, 2012
- Runs
- 31,668
- Post of the Week
- 1
So much for #boycottChina.
- Joined
- Oct 2, 2004
- Runs
- 217,577
An FIR has been launched against Dream11 for running its fantasy sports app despite Karnataka banning online gaming that involves stakes (money). Dream11 is a partner of the Board of Control for Cricket in India and sponsors the Indian Premier League currently underway in the UAE. (More Cricket News)
Dream11 has been running its fantasy cricket app at a time when almost all top real money gaming operators like MPL, Paytm, My11Circle and MyTeam11 have stopped operations the moment the Karnataka Police Act 2021 came into effect on October 5.
According to the FIR filed at the Annapoorneshwarinagar police station on Friday by one Manjunath, a resident of Nagarbhavi in Bengaluru, Bhavit Sheth and Harsh Jain, the founders and directors of Sporta Technologies Private Limited which promotes the Dream11 gaming app, have been booked as accused number one and two. The police have initiated action based on the complaint.
Dream11 did not comment on the FIR. It had been steadfastly refusing to answer questions on why it was running its fantasy app when all had stopped.
Industry sources told Outlook on Friday that Dream11 "has acquired explicit legal opinion from a reputed former Supreme Court judge to keep running its business in states that have outlawed online gaming involving stakes."
Dream11 has clearly split the real money gaming world. Platinum members, who belong to the Federation of Indian Fantasy Sports, are feeling betrayed that the 'solidarity' has been broken by the founders (Dream11) themselves.
"Internally at FIFS, we got the feeling it was all right to runs ours apps. Why stop it? But taking on the state by breaking the law would have been suicidal," said a senior management person of a top operator.
Interestingly, Dream11 app is accessible to some users in Telangana, Assam, Odisha and Arunachal Pradesh as well. These states have banned online games but have not initiated any action against Dream11.
Meanwhile, Dream11 has also left its subscribers in the lurch by not replying to messages on the fantasy app's status in Karnataka. Several tweets asking for clarification after the ban was imposed have gone unanswered.
"Users of Dream11 should have been informed whether they can play on the platform after the law was notified. Not doing so means that Dream11 is leaving them in the lurch of facing potential criminal action without notifying them. Most other gaming websites have stopped allowing users and put appropriate disclaimers," observed a industry veteran.
Meanwhile, the All India Gaming Federation and a few other companies have approached the Karnataka High Court against the ban. AIGF has poker, rummy and fantasy operators as members and they include MPL, Paytm, Gamezy, 11wickets, Nostragamus et al.
In its writ petition, AIGF has challenged the Amending Act on the following grounds: (i) Inclusion of games of skill within the ambit of gaming is beyond the legislative competence of Karnataka (ii) Karnataka has no legislative competence to regulate online gaming (iii) The Amending Act is manifestly arbitrary and hit by vagueness (iv) Games of skill do not fall within the ambit of “wagering and betting” and (v) Betting and wagering on game of skill does not amount to gaming.
These kind of petitions are nothing new in High Courts. On August 4, after protracted deliberations, the Madras High Court junked the Tamil Nadu Gaming and Police Laws (Amendment) Act of 2021that sought to outlaw online gaming with stakes. Despite the legal setback, Tamil Nadu is desperate to resubmit a new and well manicured draft. Karnataka could see a similar legal battle as most law-abiding operators continue to be flummoxed by the whims and fancies of state governments.
https://www.outlookindia.com/websit...gnoring-karnataka-ban-on-online-gaming/397108
Dream11 has been running its fantasy cricket app at a time when almost all top real money gaming operators like MPL, Paytm, My11Circle and MyTeam11 have stopped operations the moment the Karnataka Police Act 2021 came into effect on October 5.
According to the FIR filed at the Annapoorneshwarinagar police station on Friday by one Manjunath, a resident of Nagarbhavi in Bengaluru, Bhavit Sheth and Harsh Jain, the founders and directors of Sporta Technologies Private Limited which promotes the Dream11 gaming app, have been booked as accused number one and two. The police have initiated action based on the complaint.
Dream11 did not comment on the FIR. It had been steadfastly refusing to answer questions on why it was running its fantasy app when all had stopped.
Industry sources told Outlook on Friday that Dream11 "has acquired explicit legal opinion from a reputed former Supreme Court judge to keep running its business in states that have outlawed online gaming involving stakes."
Dream11 has clearly split the real money gaming world. Platinum members, who belong to the Federation of Indian Fantasy Sports, are feeling betrayed that the 'solidarity' has been broken by the founders (Dream11) themselves.
"Internally at FIFS, we got the feeling it was all right to runs ours apps. Why stop it? But taking on the state by breaking the law would have been suicidal," said a senior management person of a top operator.
Interestingly, Dream11 app is accessible to some users in Telangana, Assam, Odisha and Arunachal Pradesh as well. These states have banned online games but have not initiated any action against Dream11.
Meanwhile, Dream11 has also left its subscribers in the lurch by not replying to messages on the fantasy app's status in Karnataka. Several tweets asking for clarification after the ban was imposed have gone unanswered.
"Users of Dream11 should have been informed whether they can play on the platform after the law was notified. Not doing so means that Dream11 is leaving them in the lurch of facing potential criminal action without notifying them. Most other gaming websites have stopped allowing users and put appropriate disclaimers," observed a industry veteran.
Meanwhile, the All India Gaming Federation and a few other companies have approached the Karnataka High Court against the ban. AIGF has poker, rummy and fantasy operators as members and they include MPL, Paytm, Gamezy, 11wickets, Nostragamus et al.
In its writ petition, AIGF has challenged the Amending Act on the following grounds: (i) Inclusion of games of skill within the ambit of gaming is beyond the legislative competence of Karnataka (ii) Karnataka has no legislative competence to regulate online gaming (iii) The Amending Act is manifestly arbitrary and hit by vagueness (iv) Games of skill do not fall within the ambit of “wagering and betting” and (v) Betting and wagering on game of skill does not amount to gaming.
These kind of petitions are nothing new in High Courts. On August 4, after protracted deliberations, the Madras High Court junked the Tamil Nadu Gaming and Police Laws (Amendment) Act of 2021that sought to outlaw online gaming with stakes. Despite the legal setback, Tamil Nadu is desperate to resubmit a new and well manicured draft. Karnataka could see a similar legal battle as most law-abiding operators continue to be flummoxed by the whims and fancies of state governments.
https://www.outlookindia.com/websit...gnoring-karnataka-ban-on-online-gaming/397108
- Joined
- Oct 2, 2004
- Runs
- 217,577
The association of Chinese mobile-maker, VIVO, is set to come to an end, with Tata reportedly replacing the smartphone brand as IPL's title sponsor from the 2022 season onwards. The decision over the sponsorship change was taken during the IPL Governing Council meeting on Tuesday.
VIVO had pulled out of IPL sponsorship in 2020 due to the rising anti-China sentiment in the country. While VIVO returned as the chief sponsor in 2021, the association is now set to end completely ahead of the 2022 edition, as per a report in Cricbuzz.
VIVO and BCCI had gotten into an agreement for IPL's title sponsorship in 2018 for a whopping INR 440 crore. The sponsorship agreement was to conclude after the IPL 2023 season but the two parties are parting ways prematurely.
Tata, a brand that has been in the reckoning for IPL's title sponsorship, is set for its maiden stint, beginning from the 15th edition of the league. The financials and the exact length of the entire deal are yet to be understood.
https://www.timesnownews.com/sports...urnament-to-be-called-tata-ipl-reports/848366
VIVO had pulled out of IPL sponsorship in 2020 due to the rising anti-China sentiment in the country. While VIVO returned as the chief sponsor in 2021, the association is now set to end completely ahead of the 2022 edition, as per a report in Cricbuzz.
VIVO and BCCI had gotten into an agreement for IPL's title sponsorship in 2018 for a whopping INR 440 crore. The sponsorship agreement was to conclude after the IPL 2023 season but the two parties are parting ways prematurely.
Tata, a brand that has been in the reckoning for IPL's title sponsorship, is set for its maiden stint, beginning from the 15th edition of the league. The financials and the exact length of the entire deal are yet to be understood.
https://www.timesnownews.com/sports...urnament-to-be-called-tata-ipl-reports/848366
- Joined
- Oct 2, 2004
- Runs
- 217,577
Official comment from Board of Control for Cricket in India (BCCI) secretary Mr Jay Shah on TATA replacing Vivo as the title sponsor of IPL.
“This is indeed a momentous occasion for the BCCI IPL as the Tata Group is the epitome of global Indian enterprise with an over 100 year old legacy and operations in more than 100 countries across six continents. The BCCI like the TATA Group is keen to promote the spirit of cricket across international borders, and the growing popularity of the IPL as a global sporting franchise bears testimony to the BCCI’s efforts. We are truly happy that India’s largest and most trusted business groups has believed in the IPL growth story and together with the Tata Group, we will look to take Indian cricket and the IPL forward to greater heights.” – Mr. Jay Shah, Honorary Secretary, BCCI
“This is indeed a momentous occasion for the BCCI IPL as the Tata Group is the epitome of global Indian enterprise with an over 100 year old legacy and operations in more than 100 countries across six continents. The BCCI like the TATA Group is keen to promote the spirit of cricket across international borders, and the growing popularity of the IPL as a global sporting franchise bears testimony to the BCCI’s efforts. We are truly happy that India’s largest and most trusted business groups has believed in the IPL growth story and together with the Tata Group, we will look to take Indian cricket and the IPL forward to greater heights.” – Mr. Jay Shah, Honorary Secretary, BCCI
JaDed
Test Star
- Joined
- May 5, 2014
- Runs
- 36,957
TATA rebranding is pretty visible, guess this is one of their marketing tactics.
Savak
Test Captain
- Joined
- Feb 16, 2006
- Runs
- 48,518
- Post of the Week
- 3
India is on another planet as far as Cricket Economy is concerned. Even Australia and England combined will not dare to challenge them. Australia needed a bail out from India last year
Marathonrunner
Debutant
- Joined
- Nov 25, 2018
- Runs
- 277
Welcome Move , Great company powering the great league
- Joined
- Oct 2, 2004
- Runs
- 217,577
Indian cricket team's jersey sponsor Byju's allegedly owes Rs 86.21 crore as dues to the BCCI while title sponsor Paytm has requested the board to transfer its rights to a third party. It was only in April that the Edtech company and the BCCI had agreed on the extension of their partnership until the end of the 2023 ODI World Cup in India at a 10 percent increment. The issue was discussed by the BCCI Apex Council on Thursday.
"As of today, Byju's owes dues of Rs 86.21 crore to the Board," a BCCI source told PTI after the meeting.
However, a Byju's spokesperson told PTI: "We have extended the contract with the BCCI but it is not yet signed. After the contract signing is done, the payments will happen as per the contractual payment terms. So there are no dues pending from our side."
Byju's first came on board back in 2019 when mobile manufacturer Oppo transferred the sponsorship rights to the online tutorial firm. The start-up last month said that 500 people have been laid after reports suggested more than 1000 were fired.
Paytm wants home cricket title rights to be shifted to Mastercard
In other development, it has been learnt that fintech company Paytm has requested the BCCI to assign their India Home Cricket title rights to Mastercard.
The current agreement between Paytm and the BCCI runs from September 2019 to March 31, 2023.
The company had missed the July timeline to request for reassignment of the sponsorship. However, considering the "longstanding" relationship between the two parties, the BCCI will consider Paytm's request.
"Paytm has request the BCCI for reassignment and the board is considering it," the source added.
In August 2019, Paytm had extended its association as the title sponsor for international and domestic cricket matches in India by four years with a winning bid of Rs 3.80 crore per match.
NDTV
"As of today, Byju's owes dues of Rs 86.21 crore to the Board," a BCCI source told PTI after the meeting.
However, a Byju's spokesperson told PTI: "We have extended the contract with the BCCI but it is not yet signed. After the contract signing is done, the payments will happen as per the contractual payment terms. So there are no dues pending from our side."
Byju's first came on board back in 2019 when mobile manufacturer Oppo transferred the sponsorship rights to the online tutorial firm. The start-up last month said that 500 people have been laid after reports suggested more than 1000 were fired.
Paytm wants home cricket title rights to be shifted to Mastercard
In other development, it has been learnt that fintech company Paytm has requested the BCCI to assign their India Home Cricket title rights to Mastercard.
The current agreement between Paytm and the BCCI runs from September 2019 to March 31, 2023.
The company had missed the July timeline to request for reassignment of the sponsorship. However, considering the "longstanding" relationship between the two parties, the BCCI will consider Paytm's request.
"Paytm has request the BCCI for reassignment and the board is considering it," the source added.
In August 2019, Paytm had extended its association as the title sponsor for international and domestic cricket matches in India by four years with a winning bid of Rs 3.80 crore per match.
NDTV
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