IPL 2020: Suspension of title sponsorship with Vivo just a blip not a financial crisis says Sourav Ganguly

The BCCI and Vivo on Thursday decided to suspend their partnership for the 2020 IPL beginning on September 19 in the UAE amid the clamour to boycott Chinese products in the wake of the Sino-India border stand-off. The title sponsorship is a significant part of the IPL's commercial revenue, half of which is shared equally by the eight franchises.

Vivo won the IPL title sponsorship rights for five years from 2018 to 2022 for a reported sum of Rs 2190 crore, approximately Rs 440 crore per annum.

IPL 2020: Contenders for new title sponsors of IPL, all you need to know!

"I wouldn't call it a financial crisis. It's just a little bit of a blip," Ganguly said during a webinar on Saturday, organised by educational book publishers S Chand Group. "BCCI, it's a very a strong foundation - the game, the players, the administrators in the past have made this game so strong that BCCI is able to handle all these blips."

Ganguly said the BCCI always has a "Plan B" for these kind of situations. "You keep your other options open. It is like Plan A and Plan B. Sensible people do it. Sensible brands do it. Sensible corporates do it," said the former India captain.

It's official! BCCI, Vivo suspend title sponsorship for IPL 2020

"And the only way you can do it is by being professionally strong over a period of time. Big things don't come overnight. And big things don't go away overnight. Your preparation for a long period of time gets (you) ready for losses, gets you ready for successes."

He also talked about the ICC decision on Friday to retain India as hosts for the 2021 men's T20 World Cup. "India was designated (to host) the 2021 and 2023 World Cups so there is not a big change in that. Yes, the COVID situation had kept everybody alarmed, but that's the way it is."

(With PTI inputs)

• 
  Puma in fray to buy Indian cricket team's kit sponsorship, Adidas too in contention
• 
  India to host 2021 T20 WC, Australia to organise event in 2022; ICC Women's WC 2021 shifted to 2022
• 
  BCCI, ECB agree to postpone England's white ball tour to India to early 2021, new trip to include Tests
• 
  BCCI claims \"in principle\" govt approval for IPL in UAE; teams begin quarantining players
• 
  IPL 2020: Contenders for new title sponsors of IPL, all you need to know!
• 
  Bihar cricket mess: Players yet to get TA/DA and match fees of last season, Verma writes to Shah
• 
  Understand foreign stars' frustration but BCCI did its best in current situation: Mithali
• 
  IPL 2020: Mumbai Indians begins quarantining players at a hotel, testing for COVID-19
• 
  ICC Board meet on Friday: BCCI, CA to discuss on swapping of T20 World Cup
• 
  It's official! BCCI, Vivo suspend title sponsorship for IPL 2020
• 
  IPL-SOP: Vacant stands to be extended dressing room, team meetings outdoor
• 
  IPL 2020 SOP: Franchises in different hotels, only room service, punishment for breaking bio-bubble

Get breaking news alerts.

Allow Notifications

You have already subscribed

Let's block ads! (Why?)

Via https://www.mykhel.com/cricket/ipl-2020-suspension-of-title-sponsorship-with-vivo-just-a-blip-not-a-financial-crisis-sourav-ganguly-149095.html?utm_source=/rss/sports-cricket-fb.xml&utm_medium=2.16.110.150&utm_campaign=client-rss