Now what will be seen on the glittering trophy of the IPL

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The title sponsor of the Indian Premier League (IPL) 2020 edition has been decided. The Board of Control for Cricket in India (BCCI) announced on Tuesday that a deal has been reached with Dream11. The 13th edition of the IPL is scheduled to be held in the UAE from 19 September to 10 November. The BCCI was looking for a new title sponsor after Chinese mobile company VIVO pulled out. The Dream11 fantasy league is not only involved in cricket, but also hockey, football, kabaddi and basketball. It is the first Indian gaming company to join ‘Unicorn Club’. Let us know who has been the title sponsor of the IPL since the beginning.

DLF was the first title sponsor

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When the IPL started in 2008, real estate company DLF was its title sponsor. The deal was for Rs 200 crore for the first five years. After 5 years, the new sponsor was needed if DLF did not renew the contract.

Then Pepsi held hands

In 2012, BCCI signed a deal with PepsiCo. Pepsi spent almost double the amount to be a title sponsor in 2012 compared to DLF in 2008. The deal was for a total of Rs 396.8 crore for five years, but in 2015 Pepsi pulled out due to a spot-fixing scandal in 2013.

Viveo was made after Pepsi

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IPL was signed by Chinese mobile company VIVO in 2016. This time the amount was many times more. The title sponsorship was purchased for Rs 440 crore every year for 5 years. This time due to the atmosphere against China in the country, the Chinese mobile manufacturer decided to withdraw.

Now the Dream11 phase will run

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After Vivo, BCCI again called for the title sponsor. Companies like Bijuz, Reliance Jio, Tata Sons and Unacademy were involved in this race. But Dream 11 outpaced everyone to win the title sponsorship. The Dream 11 bid went like this – Rs 222 crore for the first year, Rs 240 crore for the second year and Rs 240 crore for the third year as well. The average bid was Rs 234 crore.

Vivo to return again next year?

Dream 11 has bought the title rights of the Indian Premier League (IPL) for three years. Whether or not the sports fantasy platform remains in possession for the remaining two years will depend on whether Vivo returns next year. If Vivo India returns, Dream 11 will have to leave the path for it. However, if Vivo does not return as the title sponsor, then the sports start-ups will retain the rights for the next two years in addition to the IPL of 2020.

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