IPL Governing Council to review IPL sponsorship deals
The Indian Premier League (IPL) Governing Council has convened a meeting next week to review IPL’s various sponsorship deals. This development comes in the light of the violent border face-off between India and China in Galwan valley, Ladakh on June 15, 2020.
The official handle of IPL tweeted last night, “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.”
Currently, Chinese smartphone brand Vivo is the title sponsor of the tournament, a deal that ends in 2022, as per the contract. As per media reports, the annual sponsorship money from Vivo for IPL stands at Rs 440 crore.
Post the border face-off, in which 20 Indian soldiers were martyred and at least 70 soldiers were injured, there is high anti-China sentiment in India and there have been growing calls to boycott Chinese products and cut off trade ties with that country.