Finally IPL 2020 got its Title Sponsors! Fantasy Cricket League Platform Dream 11 has been named the title sponsors for the IPL 2020.
Dream 11 outbid the companies like Tata Sons, UnAcademy & Byju’s to win the title sponsorship deal for the IPL 2020. Dream 11 bid Rs 222 crores for the sponsorship rights, IPL Chairman Brijesh Patel said. Unacademy had bid Rs 210 crore whereas Tata Sons bid Rs 180 crore & Byju’s had bid Rs 125 crore.
VIVO & BCCI had postponed their partnership for one year due to the prevailing India-China Border Stand-off. Under the deal with VIVO, BCCI were receiving Rs 440 crores per year.
The BCCI President Sourav Ganguly had said that after the suspension of sponsorship contract with VIVO is not a financial crisis.
“I wouldn’t call it a financial crisis. It is just a little bit of a blip,” Ganguly said.
“BCCI, it’s a very strong foundation – the game, the players, the administrators in the past have made this game so strong that BCCI is able to handle all these blips,” he had said. “You keep your other options open. It is like Plan A and Plan B”, he signed off.
The IPL will start from September 19. But due to the rising number of COVID-19 cases in India this season will be played on the grounds of UAE.