Picture Credit: BCCI/IPL
In a dramatic development from the Indian Premier League, it is being reported that the title sponsors of the tournament, Vivo, have expressed their desire to pull out with immediate effect. The Chinese company, who have a couple of years left in their sponsorship deal with IPL, have requested to transfer their rights to Tata.
As it turns out, the Governing Council have accepted the request on Tuesday and the league is set to be called Tata IPL from 2022 edition onwards.
"There was a request from Vivo to exit the IPL sponsorship deal and the GC has approved it," one BCCI official told Cricbuzz. In addition, another official confirmed to the website that BCCI will continue to earn the same fee for the title rights, which is expected to be around INR 440 crores per year.
Title sponsors of IPL over the years
2008 - DLF
2009 - DLF
2010 - DLF
2011 - DLF
2012 - DLF
2013 - Pepsi
2014 - Pepsi
2015 - Pepsi
2016 - Vivo
2017 - Vivo
2018 - Vivo
2019 - Vivo
2020 - Dream 11
2021 - Vivo
2022 - Tata