Mumbai: Business conglomerate Tata Group is all set to replace Vivo as the title sponsor for the Indian Premier League (IPL) next year, said the league chairman Brijesh Patel on Tuesday. The decision was announced post the governing council meeting.
“Yes. Tata Group will replace Vivo as title sponsor,” Patel told PTI. The Chinese manufacturer still has two years left in its sponsorship deal with the league, and consequently, Tata will remain the main sponsor during this period.
Meanwhile, the two new teams including Sanjiv Goenka’s RPSG group for the Lucknow Franchise and CVC Capital’s Ahmedabad team also received formal clearance from the Board of Cricket Control in India (BCCI).
Vivo had a Rs 2200 crore deal for title sponsorship rights from 2018 to 2022 but the brand had to take a year-long break in between due to the ongoing tension between India and China. Dream11 had joined the league during the period. However, the Chinese giant returned as the title sponsor in 2021.