Last Updated on 5 years by Charbel Coorey

BCCI to review IPL sponsorship deals | BCCI calls for meeting to discuss IPL sponsorship deals | BCCI to review deals ahead of possible IPL 2020

The Governing Council of the Indian Premier League has called for a meeting next week to review the various sponsorship deals of the Indian Premier League (IPL). With the ongoing tension along the LAC between India and China, the BCCI will decide whether to honour contracts or invoke the exit clause with the Chinese sponsors, VIVO, which are the title sponsors of the IPL.

The official handle of the IPL, tweeted on Friday. “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,” the tweet said.

The mobile company pays 440 crores per year to the Indian Cricket Board (BCCI) and the deal, which was renewed in 2018, ends in 2022.

Also read: 3 reasons why the IPL will go ahead in 2020

Earlier, the BCCI treasurer, Arun Dhumal told PTI, that Chinese sponsorships helps the Indian economy and not the other way.

“When we are allowing Chinese companies to sell their products in India, whatever money they are taking from Indian consumers, they are paying part of it to the BCCI (as brand promotion) and the board is paying 42 per cent tax on that money to the Indian government. So, that is supporting India’s cause and not China’s,” the administrator said.

The news comes as the BCCI and IPL remain committed to staging the IPL this year, even if it means it goes ahead outside India.

Written by Sarthak Karkhanis. Follow Sarthak on Twitter today.

Also read:

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• 3 reasons why the IPL will go ahead in 2020