Guess what IPL’s got new Title sponsors as Vivo has backed off. As per reliable sources, it’s been confirmed that Tata will be the new title sponsor for this year’s IPL. This decision has been taken by the Governing Council yesterday.
IPL Chairman Mr. Brijesh Patel had confirmed this news by stating that Vivo had exited and next are the Tatas.
Vivo originally had a 5-year deal starting from 2018 till 2023 which they acquired for a whopping amount of 440 crores. They had paused their deal in 2020 and then came the mighty Dream11 splashing an amount of 220 crores for a chance to be the title sponsors. The dispute in 2020 was caused by the Galway valley military face-off between the Chinese and Indian Army in 2020.
However, Vivo was back as the title sponsor of the tournament last year.
The chairman also cleared the air between the governing council and CVC ventures regarding the Ahmadabad franchise as they had approved their acquisition to the league.
The mega auction date for Tata IPL will be announced soon as the IPL is set to commence on April 2.
Let’s wait and hope for the best.
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