IPL 2022: Tata Set To Replace Vivo As IPL's Title Sponsor, Confirms BCCI
Updated - 11 Jan 2022, 03:58 PM
The Board of Control for Cricket in India (BCCI) has confirmed that Tata will be replacing Vivo as the official title sponsor of the IPL. The decision was taken during the Governing Council meeting of IPL held on Tuesday.
Upon conclusion of the board meeting, IPL chairman, Brijesh Patel, stated that the Tata Group has decided to take up the sponsorship.
“Vivo has exited and the Tatas will be title sponsors. The GC has approved the CVC acquisition of the Ahmedabad team and we will issue the LoI today (January 11),” Patel told.
There are two more years left in Vivo’s sponsorship deal with the league but Tata will be the main sponsor. From the IPL 2022 edition onwards, the league will be called Tata IPL.
In 2018, Vivo won the title rights at INR 440 crores per year. However, it put a pause on the deal for a year following the diplomatic standoff between India and China in 2020. Now that they are out, Tata will be the title sponsor for 2022 and 2023.
BCCI approves LOI for Ahmedabad franchise
The Ahmedabad franchise has finally received the Letter of Intent (LOI) from the BCCI, sources stated. There was a delay due to the alleged involvement of CVC Capitals in betting operations but they have now been given the go-ahead.
“Yes, Ahmedabad franchise has received their Letter of Intent. However, they have been doing their back-room work for some time as it’s a huge process. As far as we know, Hardik has been zeroed in on as the captain of the franchise,” a source told PTI.
According to the same reports, Hardik Pandya is set to be signed as the captain of the team with Rashid Khan also in the fray. The franchise has already appointed Ashish Nehra as its head coach.
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