Top Ad
I DIG Radio
www.idigradio.com
Listen live to the best music from around the world!
I DIG Style
www.idigstyle.com
Learn about the latest fashion styles and more...

IPL to "review" sponsorship deals after India-China border tension

Written by 
Published in Cricket
Friday, 19 June 2020 12:02

The IPL has convened a meeting of its Governing Council next week to "review various sponsorship deals" for the tournament following tensions this week on the India-China border. The move reflects the fact that the IPL's main sponsors, including title sponsor Vivo, have Chinese ownership or links.

While there has been tension at the border in the Indian region of Leh for some days, the flashpoint was an incident on the night of June 15; though details are scarce, the Indian government has said that its army lost 20 soldiers, including one senior officer, in the incident.

Vivo, a Chinese mobile handset manufacturer, first bagged the IPL title sponsorship for two years in 2015. In 2017 Vivo retained the rights signing a five-year contract, paying about USD 341 million. Soon after, IPL also roped Paytm, the mobile wallet company, as the official Umpires Partner (an on-ground sponsor) between 2018-22 for an undisclosed amount. One of the main investors in Paytm is Alibaba, a Chinese e-commerce company.

Posting a late tweet on Friday, the BCCI just said it would review the IPL sponsorship deals but did not name exactly which ones.

The development comes a day after BCCI treasurer Arun Dhumal said that although the board was open to reviewing any future deals (post 2022), the current contract with Vivo was not likely to be scrapped. "When you talk emotionally, you tend to leave the rationale behind," Dhumal told PTI on Thursday. "We have to understand the difference between supporting a Chinese company for a Chinese cause or taking help from Chinese company to support India's cause.

"When we are allowing Chinese companies to sell their products in India, whatever money they are taking from Indian consumer, they are paying part of it to the BCCI (as brand promotion) and the board is paying 42 percent tax on that money to the Indian government. So, that is supporting India's cause and not China's."

The BCCI had recently postponed the IPL indefinitely due to the Covid-19 pandemic. It has already been stressed about losing close to INR 4000 crore (USD 0.53 billion approximately) in case the IPL does not take place this year. The BCCI has been waiting for the ICC to make up its mind on the men's T20 World Cup, which is scheduled for October-November, in Australia but is likely to be postponed with the Cricket Australia preferring to host the tournament in 2021.

Read 268 times

Soccer

Bielsa: Luis Suárez's comments affected authority

Bielsa: Luis Suárez's comments affected authority

EmailPrintOpen Extended ReactionsUruguay national team head coach Marcelo Bielsa has admitted his au...

Ronaldo goal helps Portugal beat Poland in NL

Ronaldo goal helps Portugal beat Poland in NL

First-half goals from Bernardo Silva and Cristiano Ronaldo helped group leaders Portugal to a comfor...

Saka leaves England squad amid injury concerns

Saka leaves England squad amid injury concerns

EmailPrintOpen Extended ReactionsBukayo Saka has returned to Arsenal for further assessment on the i...

2026 FIFA


2028 LOS ANGELES OLYMPIC

UEFA

2024 PARIS OLYMPIC


Basketball

Carter, Billups reflect on journey to Hall of Fame

Carter, Billups reflect on journey to Hall of Fame

EmailPrintOpen Extended ReactionsVince Carter played 22 years in the NBA, becoming the only player t...

Basketball Hall of Fame: Who is eligible in 2025, 2026 and 2027?

Basketball Hall of Fame: Who is eligible in 2025, 2026 and 2027?

EmailPrintOpen Extended ReactionsThe Naismith Memorial Basketball Hall of Fame welcomes its latest i...

Baseball

Iassogna, Miller given nod as crew chiefs for LCS

Iassogna, Miller given nod as crew chiefs for LCS

EmailPrintOpen Extended ReactionsNEW YORK -- Six umpires will make their on-field League Championshi...

Thomas' slam puts Guardians by Tigers, into ALCS

Thomas' slam puts Guardians by Tigers, into ALCS

EmailPrintOpen Extended ReactionsCLEVELAND -- Lane Thomas hit a grand slam off Tarik Skubal and Clev...

Sports Leagues

  • FIFA

    Fédération Internationale de Football Association
  • NBA

    National Basketball Association
  • ATP

    Association of Tennis Professionals
  • MLB

    Major League Baseball
  • ITTF

    International Table Tennis Federation
  • NFL

    Nactional Football Leagues
  • FISB

    Federation Internationale de Speedball

About Us

I Dig® is a leading global brand that makes it more enjoyable to surf the internet, conduct transactions and access, share, and create information.  Today I Dig® attracts millions of users every month.r

 

Phone: (800) 737. 6040
Fax: (800) 825 5558
Website: www.idig.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Affiliated