BCCI to review IPL Sponsorship; deals with Chinese companies under scanner after Galwan clash


Team Udayavani, Jun 20, 2020, 4:46 PM IST

New Delhi: The BCCI on Friday said it will review IPL’s sponsorship deals, including the one with Chinese mobile manufacturing company Vivo, in a meeting next week after 20 Indian soldiers were killed during a clash with Chinese troops in eastern Ladakh.

The meeting of the IPL Governing Council will review the yearly ₹440 crore title sponsorship deal with Vivo among others.

“Taking note of the border skirmish that resulted in the martyrdom of our brave jawans, the IPL Governing Council has convened a meeting next week to review IPL’s various sponsorship deals,” the official IPL handle tweeted late on Friday night.

Apart from Vivo, PayTm is also one of the sponsors. The company has Chinese firm Alibaba as one of its investors.

Alibaba has 37.15 percent stake in PayTM, which is one of BCCI’s premier sponsors.

Tencent, one of the biggest video game companies in the world, has a minor stake — 5.27 percent — in Swiggy and a majority stake in Dream 11. All these companies are among Board’s list of sponsors.

Apart from that, BCCI’s national team shirt sponsors BYJUs pay ₹1079 crore for five years since last year. Tencent has a stake in BYJUS.

It is understood that discussion will be on whether to invoke the exit clause or honour Vivo’s contract till 2022.

“PayTM and BYJUS are related to the Indian team. First priority is IPL sponsorships — Vivo, Dream 11 and Swiggy which have Chinese investments. Can’t say the same about PayTM and BYJUS but you never know it can also come up for discussion,” an IPL governing council member told PTI.

The BCCI decision to review the deal comes a day after BCCI treasurer Arun Dhumal told PTI that money from Chinese sponsorship is helping Indian economy but they would always put country first if the situation demands.

Anti-China sentiments are running high in India following the border clash between the two countries at Galwan valley earlier this week.

A colonel was among the 20 Army personnel killed in the face-off on Monday night, the biggest confrontation between the two militaries after their 1967 clashes in Nathu La.

At that time, India lost around 80 soldiers, while over 300 Chinese army personnel were killed in the confrontation.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Shikaripura: 11-month-old baby dies after falling into water tank

Boat carrying Hindu devotees to historic temple capsizes in Bangladesh; 24 killed, several missing

Petrol bomb attack: Two SDPI functionaries arrested

Lalu, Nitish meet Sonia; say focus on uniting opposition parties to defeat BJP

Minor boy physically assaulted, sodomised by 3 friends; DCW issues notice to police

‘Mankading’: How India’s first post-Independence superstar cricketer still gets maligned

Kipchoge clocks 2:01:09 for world record in Berlin Marathon


Related Articles More

‘Mankading’: How India’s first post-Independence superstar cricketer still gets maligned

Kipchoge clocks 2:01:09 for world record in Berlin Marathon

How about awarding wicket to bowler for presence of mind: Ashwin

Rahane sets example, asks Jaiswal to leave field for indiscipline

End of an era, BCCI says after one of greatest Jhulan’s retirement

MUST WATCH

Creative PU College Moodabidri

Lighiting at Uchila Mahalakshmi Temple

Health Minister K Sudhakar Statement about paycm

How to grow Avocado

Dasara Celebration in Uchila Mahalakshmi Temple


Latest Additions

Ali Abbas Zafar, wife Alicia welcome first child

Shikaripura: 11-month-old baby dies after falling into water tank

Boat carrying Hindu devotees to historic temple capsizes in Bangladesh; 24 killed, several missing

Petrol bomb attack: Two SDPI functionaries arrested

Lalu, Nitish meet Sonia; say focus on uniting opposition parties to defeat BJP

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.