IPL Sponsorship : BCCI has decided to expand it's official partners in IPL.

                                                                                                            Image Credit: @twitter/@BCCI

Now Vivo is no longer a sponsor of an IPL means BCCI needs to find some new partners and they decided to expand official partners from 3 to 5. BCCI wants to bring these two additional partners with the average commitment of 40 cr in INR each. BCCI wants to raise nearly 300cr in INR after the exit of VIVO. 

As per the report in the Times of India, The BCCI could also surprise everyone by landing a totally different title sponsor in comparison to the brands that are being talked about right now.

There was a withdrawal from VIVO from the sponsorship of the IPL due to some political tension between Indo-china. They have made a deal of  440cr in INR with BCCI for sponsorship of IPL with BCCI and now they left means there is a big loss for BCCI.

Now there is another circumstance of the corona pandemic because of that many things will be difficult for BCCI to organize and matter of sponsorship to raise money. 

There are many companies that are willing to take this sponsorship like Amazon, Byju's, and Dream 11. These companies are in the race for sponsorship of IPL.     

As per Times of India," If Byju's attempt to big for the title rights succeed, Unacademy will have to make way or make a higher bid " and the will only be for a four-month window.  

BCCI is not showing all his trump card and they are hopeful to get a big sponsor. Byju is the sponsor of the Indian cricket team and cricket hasn't played until March after coronavirus pandemic Which helps them to save money and they will have a chance to compete for the sponsorship of the IPL. 

Amazon is the biggest one to compete for the sponsorship If they come to the table, Other companies have fewer chances to take sponsorship.

This year IPL will be played in the United Arab Emirates due to the coronavirus and there are 8 teams to take part in it. The tournament will be played between 19 September to 10  November of 2020.