The Board of Control for Cricket in India in likelihood will continue with the Indian Premier League title sponsor VIVO if the exit clause is not in its favour.
The BCCI has been evaluating its contract with the Chinese smartphone brand amidst the nationwide anti-China sentiment. The Indian Government has banned 59 Chinese apps and other State bodies have cancelled several contracts awarded to the Chinese companies.
There has also been a huge outcry to boycott Chinese products in the aftermath of the violent clash in the Galwan Valley, where 20 Indian Army personnel were martyred when they tried to prevent the People’s Liberation Army’s intrusion at the Line of Actual Control in the Eastern Ladakh region.
The BCCI had also asked its the IPL Governing Council to review the sponsorship contracts with the Chinese brands. However, the GC is yet to meet on the issue.
“We still don’t know about fate of T20 World Cup, Asia Cup, so how can we just have a meeting? Yes, we need to discuss sponsorship but we never used the word cancel or terminate,” PTI has quoted a senior BCCI official as saying.
“We said we will review sponsorship. Review means that we need to check all the modalities of the contract. If the ‘exit clause’ favours VIVO more, why should we terminate a ₹440 crore per year contract. We will only terminate if ‘exit clause’ favours us.”
Vivo’s ₹ 2,199 crore IPL title sponsorship contract will run till the 2022 season.
The BCCI, according to information available with SportzFront, has sought a legal opinion on the IPL title sponsorship from its attorneys.