IPL might retain Chinese technology company VIVO as sponsors amid Indo-China skirmish at the Line of Actual Control (LAC), which has eased down after talks in the last few days, although the situation remains tense. The government decided to ban 59 Chinese apps which included TikTok, WeChat and CamScanner.
Soon after Indian government imposed the bans, China said that they are concerned and would verify the situation. The parent body of the IPL had also shared a statement regarding their sponsorship deal which said, “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,” the official IPL twitter handle had stated on Friday, June 19.”
BCCI official said ‘exit clause’ favours VIVO more
A BCCI official has further clarified the statement which was posted on the twitter handle of IPL. He said that there has never been a word like ‘cancel or terminate’ used in the statement. The board official, who is a part of IPL GC meeting, also hinted that VIVO might me retained as sponsors as it is a Rs 440 crore contract and exit clause favours the brand.
“We still don’t know about fate of T20 World Cup, Asia Cup, so how can we just have a meeting? Yes, we need to discuss sponsorship but we never used the word cancel or terminate,” a senior BCCI official, who also sits in IPL GC meetings, told PTI on conditions of anonymity.
“We said we will review sponsorship. Review means that we need to check all the modalities of the contract. If the ‘Exit Clause’ favours VIVO more, why should we terminate a Rs 440 crore per year contract. We will only terminate if ‘Exit Clause’ favours us,” he added.
The fate of IPL will be decided on the postponement of 2020 T20 World Cup.