Dream11 Begged Title Of Ipl For 2020, Bcci Reject 2021 and 2022 Bids

Why BCCI rejects Dream11 2021 and 2022 bid: Dream 11 has received sponsorship for the 2020 season of the Indian Premier League. Dream11 had low bids for 2021 and 2022, so BCCI turned it down.

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Fantasy gaming company Dream 11 will be the title sponsor of the Indian Premier League (IPL) starting on 19 September this year but the Cricket Board of India (BCCI) conditionally The three-year bid has been rejected. He had low bids for the years 2021 and 2022. Dream 11 acquired sponsorship rights for four months 13 days for a total of Rs 222 crore, outpacing education tech companies Biju and Unacademy. She will replace the Chinese mobile phone company Vivo.

BCCI, confirming the statement made by IPL chairman Brijesh Patel on Tuesday, said in a statement issued on Wednesday, ‘The IPL Governing Council has announced Dream 11 as the new title sponsor for the Indian Premier League 2020… Dream 11 (Sporto Technology Pvt. Ltd.) is a Mumbai, Maharashtra-based Indian company. ‘Dream 11 paid Rs 240 crore each year in 2021 and 2022, in the event of Vivo not returning a contract of Rs 440 crore each year. Is offered.

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Dream 11 bid is the highest

Vivo had to withdraw from sponsorship due to Indo-China tension on the border. Sources said that the BCCI and Dream XI negotiated a three-year conditional agreement and the board asked the company to increase the amount for the next two sessions. A top BCCI official said on condition of secrecy, “Dream 11 is the highest bid but why should BCCI hand over the rights to it for Rs 240 crore while we can expect the situation of Kovid-19 to improve in the next two years.” IPL 2020: Dream 11 becomes a new sponsor of the Indian Premier League.

Agreement with Vivo is not over

He said, ‘Our agreement with Vivo is still intact. We haven’t finished it, it just stopped. If we are getting Rs 440 crore, then why should we take Rs 240 crore. ”Dream 11’s association with the games has grown over the years and is currently associated with 19 leagues, while also having six Indian Premier League franchises. is. IPL chairman Patel said in a statement issued by the BCCI, “We welcome Dream 11 as the title sponsor of IPL 2020. Being the official sponsor of Dream 11 as the title sponsor is a great addition to the brand IPL. ‘ IPL-Vivo deal canceled: Rajiv Shukla praises BCCI. So bid again for 2021 and 2022.

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He said, “As a digital brand, this will give them a great opportunity to connect with fans watching the match online at home.” CEO of Dream Sports And co-founder Harsh Jain said, ‘We thank the BCCI for giving us the chance to become an IPL title sponsor as an Indian brand created in India especially by Indian sports lovers. If Vivo does not come back, there is every chance that BCCI will bid afresh for 2021 and 2022 as the world’s wealthiest board will not be ready for less than Rs 400 crore.