IPL 2020 Dream 11 Sponsor News | Dream 11 Got the Sponsorship for IPL 2020

IPL 2020 Dream 11 Sponsor News | Dream 11 Got the Sponsorship for IPL 2020

Dream 11 has bought the title rights of the IPL for three years. The BCCI has clarified that Dream 11 will get the Sponsorship for IPL 2020.

IPL 2020 Dream 11 Sponsor News | Dream 11 Got the Sponsorship for IPL 2020

The 13th edition of the Indian Premier League will be played in the UAE between the Coronals. The tournament, which starts on 19 September, will see many drastic changes. Firstly, the Chinese company Vivo, which has been a long-standing IPL identity, is no longer the main sponsor, so now the BCCI can announce the new sponsor of the IPL today.


Also, Check IPL 2020 Auction Players List


IPL to be held in UAE from 19 September to 10 November

The tournament is being held in the UAE due to the increasing cases of coronavirus epidemic in India. The government gave in-principle approval to the BCCI last week. Most teams will leave after August 20, they will have to undergo two RT PCR tests within 24 hours before departure. The tournament will take place in a completely bio-secure environment. All matches will be held in Sharjah, Abu Dhabi, and Dubai.


Tata claims the strongest

If sources are to be believed, Tata is seriously looking to sponsor the IPL this time. The board had already made it clear that only those companies came forward with an annual turnover of more than Rs 300 crore. Although startups such as BiajooS and Unacademy also fulfill these conditions, Tata Sons is an Indian brand as a whole and hence is considered a strong contender for the race.


Patanjali out of sponsor race

Yoga guru Baba Ramdev's company Patanjali was considered as a strong contender for IPL sponsors. Although now Baba himself denied Patanjali's claim, he says that Patanjali will come forward for sponsorship only if no other Indian company wants to get this right. Ramdev also refuted all the media reports that claimed Patanjali's bidding.


How much can the board raise

Following the exit of Vivo, giants such as Biju, Amazon, Reliance Jio, fantasy sports company Dream 11, and Coca-Cola India are in the race to become sponsors of the IPL. The board has reduced the sponsorship amount by Rs 100 crore due to the market situation due to the ongoing lockdown caused by the coronavirus. It remains to be seen how much the BCCI gets from the main purpose in these critical situations.

However, it is believed that the board may be able to raise more than the market estimates.


Also, Check IPL 2020 Team Owners List


IPL 2020 Dream 11 Sponsor News | Dream 11 Got the Sponsorship for IPL 2020

Dream 11 has bought the title rights of the Indian Premier League (IPL) for three years. The 2020 rights are certain, but whether the sports fantasy platform holds the rights for the next two years will depend on whether Vivo returns next year.

If Vivo India - which separated from the IPL two weeks ago, comes back, then Dream 11 will have to leave the path for it. However, if Vivo does not return as the title sponsor, then the sports start-ups will retain the rights for the next two years in addition to the IPL of 2020.

The Dream 11 bid went like this - Rs 222 crore for the first year, Rs 240 crore fr the second year and Rs 240 crore for the third year as well. The average bid was Rs 234 crore.

It is not clear whether Tata Son's bid to make IPL's title sponsorship interesting. E-learning start-ups Bayjuj and the academy were also in the running but could not win.

In the atmosphere against Chinese investment in Indian sports, there was a lot of pressure on the sports administration, especially the BCCI. The BCCI has clarified that Dream 11 is an Indian start-up with Chinese investment in units that can be ignored and the solution can also be found among themselves.


IPL 2020 Dream 11 Sponsor News | Dream 11 Got the Sponsorship for IPL 2020 IPL 2020 Dream 11 Sponsor News | Dream 11 Got the Sponsorship for IPL 2020 Reviewed by Akhand Pratap Singh on August 19, 2020 Rating: 5

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