Image Courtesy – India TV News
According to a report, Chinese Vivo, the Chinese technology company is stepping down by cancelling its contract with the IPL and BCCI. It has been prefixed that Vivo would sponsor the title of the Indian Premier League and an amount of Rs 440 crore per year involvement was there.
After the Governing Council meeting that held two days before, the IPL authorities said that the central government had given the green signal to hold the tournament in the United Arab Emirates. It was also informed that the title sponsor of the IPL was the Chinese mobile manufacturer Vivo Communication Technology Co Ltd.
According to sources, Vivo is going backwards by cancelling its contract with the IPL. However, the BCCI has not yet made any official statement in this regard. A top-class national media information company claimed that all announcements would be made within the next 24 hours. Vivo is no longer the title sponsor of the IPL.
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The boycott of Chinese goods in the country has intensified since the conflict with China on the Ladakh border. No company has yet been confirmed for sponsoring the IPL. Although, after the meeting of the governing body, an official of the Governing Council assured the PTI that all the sponsors were with them. It was a reality that finding a new sponsor in a short time is impossible.
Vivo has an agreement worth of Rs 440 crore every year with the board till 2022. So, the sponsor of the IPL was not expected to change this year despite strong Chinese opposition. The BCCI had earlier said it would take a decision on the matter the next year.
According to information, the BCCI officials are now desperate to find an alternative sponsor for IPL. Brijesh Patel is talking to several organizations from home and abroad, but not yet succeeded till Tuesday afternoon. The tournament will start from September 19 to November 10 and it will run for a total of 53 days.
