Sponsor of IPL 2020
As per the latest update coming from IPL 2020, fantasy gaming platform Dream 11 has become the title sponsor for IPL 2020.
They bid 222 crores to win the IPL 2020 title Sponsor rights the other companies in the race of sponsorship were BYJUs bid 201 cr and Unacademy bid 170 cr respectively to become second and third.
The earlier title sponsor was VIVO the Chinese mobile company but due to the conflict with China in Galway Valley the BCCI suspended VIVO from The title sponsors and they held fresh bidding process for this Year IPL 2020 sponsor which yield them 222 crores for IPL 2020. The VIVO had a 5-year contract with BCCI for 2200 crores but it is discontinued this year and replaced by Dream 11 for this year basically it’s a 4 and a half month deal for IPL 2020 sponsor as the next title is within the 6 months so the title sponsorship rights are sold for 4.5 months only.
Title Sponsor of IPL 2020?
Dream 11 was also one of the co-sponsors of the tournament from the last couple of years but now they are the title sponsor for this season IPL 2020.
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