The Board of Control for Cricket in India (BCCI) on Friday took a strong step by announcing that it will review IPL’s sponsorship deals, including the one with Chinese mobile manufacturing company VIVO, in a meeting next week. The world’s most richest and powerful body – BCCI took the step following a major confrontation between India and China in Ladakh’s Galwan valley that claimed the lives of 20 Indian soldiers. Also Read - BCCI Appoints Hemang Amin as Interim CEO After Rahul Johri's Resignation
On Friday, the IPL Governing Council will review the yearly Rs 440 crore title sponsorship deal with Vivo and also take a close look at various other sponsorship deals. IPL’s official Twitter handle confirmed the news, stating that the GC would have a meeting next week to take a final call on the matter. Also Read - Ladakh Standoff: India, China to Hold 4th Round of Corps Commander Level Meeting Today
“Taking note of the border skirmish that resulted in the martyrdom of our brave jawans, the IPL Governing Council has convened a meeting next week to review IPL’s various sponsorship deals,” the official IPL handle tweeted late on Friday night. Also Read - Irfan Pathan, Ashish Nehra on Saliva Ban Debate After Southampton Test: James Anderson Looked Half The Bowler
Apart from Vivo, PayTm is also one of the sponsors. The company has Chinese firm Alibaba as one of its investors.
Alibaba has 37.15 percent stake in PayTM, which is one of BCCI’s premier sponsors.
Tencent, one of the biggest video game companies in the world, has a minor stake — 5.27 percent — in Swiggy and a majority stake in Dream 11. All these companies are among Board’s list of sponsors.
Apart from that, BCCI’s national team shirt sponsors BYJUs pay Rs 1079 crore for five years since last year. Tencent has a stake in BYJUS.
It is understood that discussion will be on whether to invoke the exit clause or honour Vivo’s contract till 2022.
“PayTM and BYJUS are related to the Indian team. First priority is IPL sponsorships — Vivo, Dream 11 and Swiggy which have Chinese investments. Can’t say the same about PayTM and BYJUS but you never know it can also come up for discussion,” an IPL governing council member told PTI.
The BCCI decision to review the deal comes a day after BCCI treasurer Arun Dhumal told PTI that money from Chinese sponsorship is helping Indian economy but they would always put country first if the situation demands.
Social media is already abuzz with fans calling for BCCI to remove Vivo, a Chinese phone manufacturer, as the title sponsor of the lucrative Indian Premier League.
Anti-China sentiments are running high in India following the border clash between the two countries at Galwan valley earlier this week.
A colonel was among the 20 Army personnel killed in the face-off on Monday night, the biggest confrontation between the two militaries after their 1967 clashes in Nathu La.