IPL chairman Brijesh Patel had earlier said that the Indian Cricket Board would announce the name of the new title sponsor of the IPL2020 on August 18. The BCCI has started sponsoring new titles after Chinese mobile maker Vivo withdrew from the title sponsorship of the IPL.
Similarly, Patanjali, Jio, BYJU, Unacademy, Tata Group and Dream11 were named as the title sponsors of the race. Leaving everyone behind, IPL 2020 (UAE) title sponsor of Fantasy app Dream11. In the end, they won this year’s IPL title sponsorship for Rs 222 crore. It is learned that Tata Group did not bid in the end. BYJU’S bids Rs 201 crore and Unacademy bids Rs 170 crore for IPL title sponsorship.
But in the end, Dream11 won this year’s IPL titel sponsorship for almost half of Vivo’s money. Because Vivo had a contract worth Rs 440 crore a year. This year’s IPL will start on September 19 and the mega final on November 10.