BCCI on Thursday officially announced the exit of Chinese phone maker VIVO as the title sponsor of IPL 2020 via a statement. The decision seems to have been arrived at after the diplomatic tensions between India and Chine following violent clashes between their armies in Ladakh earlier this year. Also Read - IPL 2020 Points Table Latest Update After RCB vs MI, Match 10: Kohli's Royal Challengers Bangalore Move to 3rd Spot After Beating Mumbai Indians in Super Over Thriller

A wave of boycotting Chinese product swept through India following the death of their soldiers with BCCI being criticised for not severing ties with VIVO. While the decision may pacify the critics, the board is left with a challenge to find a title sponsor in times of financial turmoil. Also Read - DC vs SRH 11Wickets Fantasy Cricket Tips Dream11 IPL 2020: Pitch Report, Fantasy Playing Tips, Probable XIs For Today's Delhi Capitals vs Sunrisers Hyderabad T20 Match 11 at Sheikh Zayed Stadium, Abu Dhabi 7.30 PM IST Tuesday September 29

The deal with VIVO was around Rs 440 crore per annum for a period of five years and even if IPL manages to find a suitable sponsor, the deal is expected to be much lower which, industry experts say, will still be a win-win for BCCI. Also Read - JAM vs BOK Dream11 Team Prediction Jharkhand T20 League 2020: Captain, Fantasy Playing Tips, Probable XIs For Today's Jamshedpur Jugglers vs Bokaro Blasters T20 Match at JSCA International Stadium Complex, Ranchi 1.30 PM IST Tuesday September 29

The Times of India reports that e-commerce giant Amazon are leading the race to be the next title sponsor as they eye the lucrative festival season. However, the likes of learning app BYJU’s – Indian cricket team’s jersey sponsor – and fantasy app Dream11 are also eyeing the title rights.

“The BCCI is looking for partners today. If Byju’s decide to support the IPL today and rework the jersey sponsorship numbers going forward, it could be a win for them and BCCI,” TOI quoted sources as saying.

“That’s where there’s space for an Unacademy or a MyCircle11 to walk in as official partners. If Dream 11 take the title, Unacademy can step in as official partners. If Byju’s take the title, MyCircle11 can come in. Brands won’t be conflicted,” the daily further quoted sources as saying.

The 13th season of IPL gets underway from September 19 in the UAE.