In 2018, the Vivo had signed a five-year contract with the BCCI to be the title sponsor of the IPL and the deal value a whopping Rs 2109 crore. It meant that the contract ran until the 2022 version of the IPL.
Arun Dhumal, the BCCI treasurer, on Thursday (June 18) stated the governing physique won’t think about taking Chinese companies on board in future as nationwide curiosity comes forward of the whole lot else.
“For any future contract, we will keep public sentiment and national interest in mind. BCCI gives full commitment to look into boycotting Chinese product and endorsements in future in the best of the nation. BCCI has given all infrastructure to Indian companies and not Chinese companies,” Dhumal instructed Republic TV.
However, Dhumal stated the BCCI should honour the prevailing offers with its sponsors. “We must differentiate between Indian and Chinese curiosity. Whatever cash is coming 42 per cent going to Indian Government and the Indian Army. BCCI Contract was signed by the earlier regime, however now we have now to honour the contract.
“If the BCCI is making a living out of a Chinese firm then that cash goes to the (Indian) authorities and Indian cash via tax. It helps Indian trigger so we have now to see whether or not Indian cash goes to China or Chinese cash is coming to India for India’s curiosity,” he added.
Interestingly, Vivo can be the sponsor of the a lot sought-after Pro Kabaddi League and the Chinese firm even have agreements with FIFA for the soccer World Cups. Earlier, Oppo, a sister concern of Vivo, was the Indian cricket staff’s sponsor for 2 seasons (2017-18, 2018-19) however they withdrew the deal late final yr and Byju’s, a distance studying firm based mostly in Bengaluru, bagged the brand new sponsorship.
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