Before 1 month of IPL season 13, IPL got a new sponsor that Dream 11 replaces Vivo as IPL sponsor. Fantasy gaming platform Dream11 acquired the title sponsorship for the IPL 2020 with a bid of Rs 222 crore. From the Sources point of view, there is a possibility that the Dream11 contract may “continue” through 2021 and 2022 as well if Vivo remains out of the picture. it is not actually cleared, final announcement is pending or everyone is waiting for final declaration.
Dream11 is a close contest for the title sponsorship of September 19 to November 8 Season 13. Now the bid is estimated at The Rs 210 crore. BYJU’S, the other bidder offered around Rs 150 crore. and Vivo offered 222 crores so from sources sponsorship is of Vivo of IPL season 13.
Tata Sons, submit company proposal to BCCI but BCCI did not agree with their proposal, they want to block three categories related to its business interests was not agreed to by the BCCI.
Vivo’s title sponsorship is currently “suspended” for the upcoming edition of the tournament that would be played in the United Arab Emirates (UAE) from September 19 to November 10.
It is not confirmed that Vivo is a new sponsor because from sources narayantips hear that BCCI needed a new title sponsor for the 2020 edition of the tournament after Vivo. VIVO is a Chinese smartphone manufacturer, suspended the contract for this year following a public backlash against Chinese companies amid the ongoing Sino-Indian border dispute. and dream 11 also has a Chinese connection and in this situation, BCCI wants new sponsor.
Deam 11 is a gaming platform, which is said to have 100 million users but has Chinese internet giant Tencent Holdings Ltd as one of its financial backers. but from many years Dream11 is the IPL’s online fantasy league partner. so in this year, BCCI wants new sponsor.
"There are lots of company are availble in India that have Chinese investment." These include Bigbasket, HDFC and many other companies. So what are you going to do about it?” IPL Governing Council chairman Brijesh Patel told at Narayntips-Sports News.
On 2 august the governing council had decided to continue with Vivo and other china -linked commercial partners. But following a backlash, BCCI and Vivo decided to suspend the title sponsorship for this year. A one-line BCCI press release had said: “The Board of Control for Cricket in India (BCCI) and Vivo Mobile India Pvt Ltd have decided to suspend their partnership for Indian Premier League in 2020.”
In 2018, Vivo acquired the IPL title sponsorship for Rs 2,199 crore in a five-year deal. Accordingly, the company was paying the BCCI Rs 439.80 crore annually. Dream11, on the other hand, is forking out Rs 222 crore. It means that the BCCI would be getting Rs 217.80 crore less from the IPL’s title sponsorship this year. The Board, however, is “happy” with the sponsorship amount it’s getting.
This is news coming from sources and we will also provide you, final sponsor when it is confirmed.