Chinese smartphone company “Vivo” will be sponsoring IPL again.

The Chinese smartphone company ‘Vivo’ is back as the title sponsor of India premier league.
After the India-China border clash, the Indian government banned all the Chinese app and products in the nation.
Following that, BCCI suspended Vivo from the title sponsorship of IPL 2020.
The sponsorship was given to Dream 11.

After a year, the Chinese company again managed to sponsor the tournament.

“Vivo is back as the title sponsor of IPL and that is very encouraging and exciting for us because IPL is the biggest property in India and is a perfect amalgamation of sports and entertainment, so we are looking forward to the 9th of April, when IPL begins,” Vivo India Director Brand Strategy Nipun Marya told PTI on Wednesday.
This year’s IPL is scheduled from 9 April to 30 May.

The IPL matches will be played across six venues, which are – Bengaluru, Mumbai, Kolkata, Delhi, Chennai. The Narendra Modi Stadium will host the play-offs and the final on May 30.

BCCI is looking at a big revenue loss in case IPL does not take place: Treasurer Arun Dhumal

The Board of Control for Cricket in India (BCCI) stands to lose atleast $530 million if the Indian Premier League (IPL) is cancelled this year due to the novel coronavirus pandemic.

The 13th edition of the cash-rich tournament was scheduled to be held between March 29 and May 4 this year but it had to be postponed to April 15 after the Indian government imposed a lockdown starting from March 25.

The BCCI then had to further delay the 8-team tournament indefinitely after the lockdown was extended as the Covid-19 crisis deepened in the country.

“The BCCI is looking at a big revenue loss. In case the IPL does not take place, the loss would be close to 40 billion rupees ($530 million), or even more,” said BCCI treasurer Arun Dhumal.

A cancellation of the IPL this year would mean a direct loss of Rs 3269.50 crore for Star India, the host broadcaster of Indian cricket who shelled out a whopping Rs 16,347.50 crores ($2.55 billion) for the worldwide rights of the IPL for a 5-year period from 2018 to 2022.

The BCCI office-bearers are dwelling on the possible chances of holding the tournament sometime later this year but to identify a window even for a curtailed IPL will be a herculean task thanks to a packed cricketing calendar, which is also on hold due to pandemic.

“We are not sure whether we will be able to have it this year,” Dhumal admitted. “We will only be able to figure out the exact revenue loss once we are sure of how many games we have lost.”