Yoga guru Baba Ramdev ,SK Tijariwala, Spokesman for Patanjali Ayurveda Pvt Ltd is likely to Bid for new IPL 2020 Title Sponsorship and also he added nothing is final yet but we are looking for market. this decision comes after India – China border-collapse and Vivo are likely to exit IPL 2020 title sponsorship.
The Board of Cricket Council of India (BCCI) recently announced Vivo Chinese smartphone to cancel sponsorship and BCCI announced a new title sponsorship company on 18 August.
The Smart phone VIVO chinese company stepped back for the title sponsor because of India – China , also govermnet of India banned all the chinese apps.
SK Tijariwala, spokesman for Patanjali Ayurveda Pvt Ltd , said the company likely to Bid title sponsorship and want to expand the market of the company. Also added nothing is finalised yet.
This is the seven-day window for the tournament’s new title sponsor and all the companies to submit the Bid before 18th August.
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IPL 2020 Latest News
BCCI invites Expressions of Interest (IEOI) IPL Title Sponsorship on Monday and intrested third party can bid before 10th August. There are no prize set for the new title , as per report BCCI is accept 50% value of Vivo India chinese smartphone sponsorship ,which is Rs. 440 crore per annum.
As per BCCI statement on August.6 said Vivo’s sponsorship suspension because anti-China sentiment and said “If any grown company likey to bid , it will only help this league this year”
IPL Title Sponsorship Rights for 2020
The Board of Cricket Council of India (BCCI) invites Expressions of Interest (IEOI) IPL Title Sponsorship Rights for 2020. each company that is likely to bid minimum has a 300 crore turn over under Sponsorship Rights for 2020.
- Board of Cricket Council of India (BCCI) invites all the companies to interest an EOI.
- IPL Sponsorship will be available from August 18, 2020, to December 31, 2020.
- The minimum turn over interested thrid party 300 crore INR (Indian Rupees)