New Delhi, August 9
BCCI President Sourav Ganguly has described the suspension of the IPL title sponsorship cope with Chinese cell phone firm Vivo as only a “blip”, dismissing speak that it’d result in a “financial crisis”.
The BCCI and Vivo on Thursday determined to droop their partnership for the 2020 IPL starting on September 19 within the UAE amid the clamour to boycott Chinese merchandise within the wake of the Sino-India border stand-off.
The title sponsorship is a major a part of the IPL’s business income, half of which is shared equally by the eight franchises. Vivo received the IPL title sponsorship rights for 5 years from 2018 to 2022 for a reported sum of Rs 2,190 crore, roughly Rs 440 crore each year.
“I wouldn’t call it as a financial crisis. It’s just a little bit of a blip,” Ganguly stated throughout a webinar on Saturday, organised by academic guide publishers S Chand Group.
“BCCI, it’s a very a strong foundation – the game, the players, the administrators in the past have made this game so strong that BCCI is able to handle all these blips.” Ganguly stated the BCCI all the time has a “Plan B” for these type of conditions.
“You keep your other options open. It is like Plan A and Plan B. Sensible people do it. Sensible brands do it. Sensible corporates do it,” stated the previous India captain.
“And the only way you can do it is by being professionally strong over a period of time. Big things don’t come overnight. And big things don’t go away overnight. Your preparation for a long period of time gets (you) ready for losses, gets you ready for successes.” He additionally talked concerning the ICC determination on Friday to retain India as hosts for the 2021 males’s T20 World Cup.
“India was designated (to host) the 2021 and 2023 World Cups so there is not a big change in that. Yes, the COVID situation had kept everybody alarmed, but that’s the way it is.” PTI