A new title sponsor has announced in place of Chinese company VIVO for iPL 2020. Dream 11 has received the title sponsorship of the IPL this year after VIVO was removed from season 13. And has bought sponsorship rights for the IPL 2020 season for Rs 250 crores.
Dream 11 has received the title sponsorship of the IPL this year
This bid is Rs 190 crore less than VIVO’s Rs 440 crore annually. The Tata group also involved in the title sponsorship rights race. The IPL will held from 19 September to 10 November this year in the United Arab Emirates (UAE).
Let us know that earlier due to the growing dispute between India and China, BCCI had discharged Vivo for this season. Vivo acquired IPL title sponsorship rights for five years from 2018 to 2022 for Rs 2190 crore (Rs 440 crore each year). Vivo may return as the main sponsor next year.