Learning app Byju's to replace Oppo on Indian team's jersey
New Delhi: The Indian cricketers will soon be wearing a new brand name on their official jerseys with Chinese mobile manufacturer Oppo handing over the sponsorship rights to Byju's, a Bengaluru-based educational technology and online tutorial firm.
The deal between the BCCI and Oppo, which was inked in 2017 for a five-year period, was reportedly worth Rs 1079 crore.
Virat Kohli and his men will be wearing the jersey with the new brand name from the upcoming home season, beginning with the assignments against South Africa from September 15.
A Source said that the transfer is a "tripartite agreement" between Oppo, Byju's and the BCCI and will be signed on Thursday.
"The Oppo and Byju's are negotiating among themselves on the possible handover of shirt sponsorship deal. The CoA has been intimated that they are discussing among themselves on the transfer of sponsorship" a senior BCCI official told PTI on condition of anonymity.
In March 2017, Oppo won the Indian team jersey rights for a five-year period after outbidding Vivo mobiles' Rs 768 crore bid. As per the deal, Oppo was paying BCCI Rs 4.61 crore per bilateral match and Rs 1.56 crore for an ICC event game.
"Any transfer of sponsorship requires the interested parties to inform BCCI about negotiations. Accordingly Byju's and Oppo have informed about their discussion. The BCCI doesn't stand to lose any money as the new company will pay exactly what the old one is paying.
"The BCCI has a clause which allows transfer of sponsorship. Since there is a secrecy clause, the financial dealings can't be spoken about," the official said.
Another official said the transfer could, in fact, translate into more money for the Board.
"The BCCI stands to gain if there is a transfer of sponsorship. The two parties in question will have to pay an extra 10 percent (between them) and also give a notice of six months. They must be negotiating who will carry the burden of those extra 10 per cent," the official said.
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38.23% voter turnout during the first half of the day in 14 LS segments in Karnataka
Bengaluru (PTI): An estimated 38.23 per cent turnout was reported during the first half of the day in Karnataka, where the first phase of Lok Sabha polls in 14 of 28 constituencies is underway on Friday.
According to election officials, 38.23 per cent of the electorate in Karnataka had cast their vote till 1 PM. Voting began at 7.00 am and will end by 6.00 pm.
Out of 14 segments that are going to the polls today, the highest turnout of 48.10 per cent was recorded in Dakshina Kannada, followed by Udupi-Chikmagalur 46.43 per cent, and the least 30.10 per cent in Bangalore Central.
The turnout was 31.51 per cent in Bangalore South, and 32.25 per cent in Bangalore North.
In the first phase, the Congress is contesting in all 14 seats, BJP has fielded nominees in 11 and its alliance partner JD(S), which joined the National Democratic Alliance in (NDA) in September last year, in three -- Hassan, Mandya and Kolar.
Besides those three, the segments where elections are being held on Friday are Udupi-Chikmagalur, Dakshina Kannada, Chitradurga, Tumkur, Mysore, Chamarajanagar, Bangalore Rural, Bangalore North, Bangalore Central, Bangalore South and Chikkaballapur.
In the 2019 Lok Sabha polls, the Congress and JD(S), which were in alliance and in power in the state back then, had secured just one seat each in these 14 segments. The BJP had won in 11 and ensured the victory of a party supported independent candidate in Mandya.
On Friday, Deputy Chief Minister and state Congress President D K Shivakumar along with his family cast his vote at Doddalahalli in Kanakapura of Ramanagara district. Mandya MP Sumalatha Ambareesh also cast her vote.
Cricketing legend Anil Kumble, Ayodhya Ram Mandir's Ram lalla sculptor Arun Yogiraj and former Lokayukta Justice Santosh Hegde were among prominent persons who cast their votes during the day, along with IT industry veterans Kris Gopalakrishnan and Mohandas Pai.
Biotechnology veteran Kiran Mazumdar-Shaw of Biocon, after casting her vote, in a post on social media platform X said, "As a responsible citizen of our great country, I have cast my vote. Jai hind"
Film stars Upendra, Shivarajkumar and Sudeep too exercised their franchise during the first half of the day.
