Prime Time Zone, Sports: BCCI honorary secretary Jai Shah has made it clear that Chinese mobile company Vivo will continue to be the IPL title sponsor. He wrote a letter to the media on Friday to this effect. Over the last few days, there have been rumors that Vivo will step down as IPL title sponsor. However, the BCCI has decided to continue its previous contract with Vivo. He added that there was only a temporary agreement with Dream11. He said that the upcoming 14th season will be called Vivo IPL. He said that Vivo will also act as an IPL player in the mini auction to be held in Chennai on the 18th of this month.
The BCCI has signed a five-year contract with Vivo. Last year, in the wake of tensions between China and India, Vivo was temporarily sidelined and Dream 11 was taken as the title sponsor. For five years with Vivo for Rs. 2190 crore. That is about Rs. Vivo is paying Rs 440 crore. BCCI has a contract with Vivo until 2022.
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