India-China clashes: Indian Premier League IPL to review Chinese sponsorship next week
Pune, June 19, 2020: The latest in the series of the stand taken by various organisations in India after 20 Indian soldiers were martyred in an ambush by Chinese in Galwan Valley in Ladakh, now the Indian Premier League (IPL) will review Chinese sponsorship next week.
“Taking note of the border skirmish that resulted in the martyrdom of our brave jawans, the IPL Governing Council has convened a meeting next week to review IPL’s various sponsorship deals”, IPL tweeted. IPL 2020 has been postponed due to the Coronavirus epidemic.
The Indian Premier League is a professional Twenty20 cricket league in India contested during March or April and May of every year by eight teams representing eight different cities in India. The league was founded by the Board of Control for Cricket in India (BCC) in 2008. Yesterday BCCI had said that IPL will retain VIVO as its title sponsor for 2020 season. However, today IPL said that the sponsorship will be reviewed next week.
VIVO is a Chinese smartphone manufacturing company which bagged the IPL title rights in 2017 for a period of five years. The company brought the deal for a record Rs 2,199 crores (US$288 million). Following the violence that broke out between the Indian and Chinese troops at Ladakh’s Galwan Valley on June 15 and 16, there was speculation that BCCI may terminate the agreement. However, BCCI Treasurer Arun Dhumal recently confirmed that IPL will retain VIVO as their title sponsors for the 2020 season, despite the rising political tensions between India and China.
