Home Cricket BCCI to Generate Rs 800 Cr Revenue From IPL Title Sponsorship and Other Deals

BCCI to Generate Rs 800 Cr Revenue From IPL Title Sponsorship and Other Deals

BCCI to Generate Rs 800 Cr Revenue From IPL Title Sponsorship and Other Deals

The Board of Control for Cricket in India (BCCI) is predicted to generate an earnings of Rs 800 crore from the Indian Premier League (IPL) 2022. The Board will generate this cash from sponsorships and different offers associated to the marquee event.

This is the very best for the reason that inception of IPL, and the reason being the addition of a number of new sponsors for the occasion.

BCCI has included the TATA group because the title sponsor of the occasion and has additionally added two new affiliate sponsors. The cricket board has additionally introduced a collaboration with Swiggy Instamart and RuPay for central sponsorship.

With this, BCCI now has 9 famend manufacturers as sponsors for IPL 2022.

According to sources, BCCI has accomplished a deal of Rs 42 crores with RuPay and Rs 44 crores with Swiggy Instamart yearly for the IPL sponsorship

As per an announcement given to InsideSport by BCCI secretary Jay Shah, the numerous deal displays the worth of IPL as a model.

Shah has additionally said that they’re pleased with the sponsorship deal and whereas the precise figures of the deal can’t be disclosed, this 12 months will witness the very best quantity of sponsorship income for IPL.

An enormous surge within the IPL oriented earnings of the BCCI this 12 months is primarily because of two causes. First, the variety of sponsors for IPL 2022 has elevated significantly, and second, is the announcement of the title sponsorship deal for the occasion.

Being the title sponsor, the Tata Group can pay Rs 335 crore yearly to IPL. According to sources, the sponsorship offers have been organized in a means that Chinese smartphone maker Vivo can pay for all deficits.

According to Insidesport, BCCI is not going to solely get the quantity for a contract with Vivo until 2023 however may also obtain the pro-rata fee for a rise within the variety of matches in IPL 2022 and 2023.

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