Fantasy Cricket League Platform Dream 11 is the new sponsor for IPL 2020 after VIVO suspended their contract this year of IPL 2020, which is all set to start from 19th September to 10th November 2020 in UAE.
“Dream11 wins IPL 2020 title sponsorship for Rs 222 crores: IPL Chairman Brijesh Patel” ANI news tweeted.
Dream11 wins IPL 2020 title sponsorship for Rs 222 crores: IPL Chairman Brijesh Patel
— ANI (@ANI) August 18, 2020
Dream 11 bagged the title sponsor for this year IPL for 222 crores and they surpassed the bidding done by other companies like Unacademy, who bid for Rs 210 crore, Tata Sons Rs 180 crore and Byju’s had bid for Rs 125 crore.
BCCI President Sourav Ganguly clarified that the suspension of the sponsorship contract with Vivo was not because of Financial crisis
“I wouldn’t call it a financial crisis. It is just a little bit of a blip,” Ganguly said.
“BCCI, it’s a very strong foundation – the game, the players, the administrators in the past have made this game so strong that BCCI is able to handle all these blips,” he said.
“You keep your other options open. It is like Plan A and Plan B.”He added.
A week before all the timings when matches will be played was also confirmed.
“IPL 2020 will be played from September 19 and the final will be played on November 10, 2020. The 53-day tournament will witness 10-afternoon matches starting at 15:30 IST while the evening matches will start at 19:30 IST,”
The moment when Chinese phone company VIVO suspended their contract this year amid all the clashes held at Indo-China Border in Ladakh. BCCI had sent out invitations to third parties to express their interest (EOI) in acquiring the title sponsorship rights for Dream11 IPL 2020 in a meeting held at 10th August.
