MPL new apparel sponsor of Indian cricket team
New Delhi: Fantasy gaming platform Mobile Premier League (MPL) has been picked as the apparel sponsor of the Indian cricket team for a period of three years.
A member of the Apex Council confirmed the development on Monday that BCCI has inked the apparel and merchandise deal with MPL, replacing Nike.
"Yes, Apex Council has passed the sponsorship deal for the apparel of Indian team (men, women, A and U19).
"However the rate per match will be Rs 65 lakh per game instead of Rs 88 lakh that Nike was giving," the senior official told PTI on conditions of anonymity.
While Puma and Adidas had earlier picked up the bid papers for apparel sponsorship, they didn't fill the bid as they felt that the deal needed to be reduced to one third from the original bid.
Nike had a five-year deal during which they paid Rs 370 crore from 2016 to 2020 with a 30 crore royalty.
"No sporting apparel major was ready to pay that kind of money that Nike paid in the current economic climate (due to COVID-19).
"One of the major reasons being merchandise items being very costly for common public," the source said.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Drug peddler's property worth Rs 1 crore attached in Srinagar
Srinagar (PTI): Property worth Rs 1 crore belonging to a notorious drug peddler was on Saturday attached in Jammu and Kashmir's Srinagar, police said.
A double-storey house on eight marlas of land situated at Wantpora Eidgah, belonging to Basit Bilal Dar, a notorious drug peddler, valued at approximately Rs 1 crore, a police spokesperson said.
He said Dar is involved in two cases registered under various sections of the NDPS Act.
During investigation, it was established that the accused had acquired the said property through illicit proceeds generated from drug trafficking activities, the spokesperson said.
Consequently, the property was attached under the provisions of the NDPS Act. The attachment proceedings were conducted in the presence of the two independent witnesses, strictly in accordance with the prescribed legal procedures, he said.
As per the attachment order, the owner has been restrained from selling, leasing, transferring, altering, or creating any third-party interest in the property till further orders, the spokesperson added.
