BCCI and Vivo agrees to suspend their partnership for IPL 2020
Vivo, a phone brand based in China, had acquired the IPL title sponsorship for Rs 2,199 crore in 2018 in a five-year deal.
The Board of Control for Cricket in India (BCCI) and Vivo Mobile India Pvt Ltd have officially decided to suspend their partnership for the Indian Premier League (IPL) in 2020, an IPL media advisory stated.
The 2020 IPL will be played from September 19 to November 10, as confirmed by the IPL Governing Council.
Vivo, a phone brand based in China, had acquired the IPL title sponsorship for Rs 2,199 crore in 2018 in a five-year deal.
“We (BCCI and Vivo) sat after the governing council meeting and agreed on a one-year moratorium. We will also see if their contract can be extended by one year after 2023. This issue will be settled amicably,” a BCCI official said after the IPL Governing Council meeting on August 2.