News

IPL suspends sponsor deal with Chinese firm after border clash

August 6, 2020 05:17 PM


Twitter Share Facebook Share WhatsApp Share

The Indian Premier League on Thursday suspended a deal with its main sponsor, Chinese phone maker Vivo, amid a backlash after a deadly border clash between the two countries in June.

The Board of Control for Cricket in India said the deal had been called off for the 2020 tournament, which is due to start in the United Arab Emirates on September 19.

Vivo signed a five-year contract in 2017 worth $330 million to sponsor the world's richest cricket tournament. But calls for a boycott of Chinese firms have grown since the June 15 clash in which 20 Indian soldiers died.

Nationalist groups had threatened to call a boycott of the cricket tournament if Vivo was retained. The Indian government has already banned dozens of Chinese smartphone apps, including the video sharing platform TikTok, and taken other measures that will restrict trade with China.

According to reports the BCCI was in talks with Indian companies about stepping in for this year but expected to make less than the $60 million it would have got from Vivo.

The league is a huge revenue earner for BCCI and is estimated to generate more than $11 billion for the Indian economy.



Most Read

  1. Mexican claims victory by paying $28 for $28,000 Cartier earrings Mexican claims victory by paying $28 for $28,000 Cartier earrings
  2. Maryam Nawaz can wear uniform! Maryam Nawaz can wear uniform!
  3. Here is all about Madiha Rizvi’s second husband Here is all about Madiha Rizvi’s second husband
  4. Gunmen storm Lucky Cement factory, kill security guard Gunmen storm Lucky Cement factory, kill security guard
  5. When Pakistani pilot shot down Israeli fighter plane When Pakistani pilot shot down Israeli fighter plane
  6. Sussanne Khan faces most ‘EMBARRASSING’ moment with beau Arslan Goni Sussanne Khan faces most ‘EMBARRASSING’ moment with beau Arslan Goni

Opinion

  1. Riding the Digital Wave: How Technology is Rewriting the Script of Economic Prosperity
    Riding the Digital Wave: How Technology is Rewriting the Script of Economic Prosperity

    By News Desk

  2. Tax on solar energy: Govt's misplaced priorities favour powerful stakeholders over people welfare  
    Tax on solar energy: Govt's misplaced priorities favour powerful stakeholders over people welfare  

    By Manzoor Qadir

  3. Legacy of Indian military subjugation in Kashmir
    Legacy of Indian military subjugation in Kashmir

    By Dr Ghulam Nabi Fai

  4. Islamabad becoming the hub of international diplomacy
    Islamabad becoming the hub of international diplomacy

    By Salim Bokhari

  5. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir

  6. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer