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