Chinese company Vivo Mobile terminates Indian Cricket League sponsorship deal, Indian Cricket Board receives Rs 440 crore annually.
VIVO terminated IPL Sponsorship Agreement
Chinese company Vivo Mobile terminated the Indian Cricket League’s sponsorship agreement, which used to receive Rs 440 crore annually.
According to details, after Indian measures such as border tensions and ban on Chinese mobile apps, now China has also retaliated.
The IPL-sponsored Chinese company has terminated the contract.
also read : IPL IN UAE CONFIRMED
It has been reported that the Chinese company Vivo Mobile was the main sponsor of the Indian Cricket League, which paid an annual amount of Rs 440 crore to the Indian Cricket Board. However, now after the Indo-China tension, the Chinese company has terminated its IPL sponsorship agreement.
The move by the Chinese company will cost the IPL and the Indian Cricket Board billions of rupees. The tournament, which starts next month in the UAE, could face further financial losses.