Vivo to sponsor IPL 2021 as bids for transfer of rights not upto expectations: BCCI source
New Delhi, Feb 19: Chinese mobile manufacturer Vivo will return to sponsor the IPL this season after its attempts to transfer the rights to another company failed to materialise as offers were not upto its "expectations".
Vivo's sponsorship deal with the BCCI, worth Rs 440 crore per year, was suspended last season due to the Sino-India border stand off in the aftermath of a violent clash in eastern Ladakh.
"...the offer made by Dream11 and Unacademy was not upto Vivo's expectations this year, so they have decided to take it themselves and explore next year," a BCCI source told PTI.
Dream11 had been the IPL title sponsors for the 2020 edition, winning the rights for Rs 222 crore, which was nearly half of what Vivo was paying annually for a five-year deal.
Vivo won the IPL title sponsorship rights for five years from 2018 to 2022 for a reported sum of Rs 2190 crore.
The anti-China sentiment in the country peaked after the violent face-off between the Indian and Chinese troops in Galwan Valley. India lost 20 soldiers in the clash, while China also acknowledged unspecified casualties.
The stand-off at the Line of Actual Control (LAC) caused outrage across India with several calls for boycott of Chinese companies and products.
It is in this backdrop that Vivo and BCCI decided to suspend the deal for the 2020 season, which was held in the UAE due to COVID-19 pandemic.
Half of the annual Vivo sponsorship money is distributed equally among eight franchises which comes to Rs 27.5 crore.
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Man kills 12-year-old nephew over property dispute in Karnataka’s Sindhanur
Sindhanur: A 12-year-old boy was killed and his mother seriously injured after a man allegedly attacked his elder brother’s family with a knife over a property dispute in Alabanur village of Sindhanur taluk on Wednesday morning.
The deceased has been identified as Nagaraj Siddappa Alvi (12). Amrutha Siddappa (42) sustained serious injuries in the attack. Police said the accused is Basavaraj Rudrappa Alvi, the younger brother of the victim boy’s father.
According to preliminary information, Basavaraj had arrived in Alabanur village on Tuesday and was staying at his mother’s house.
On Wednesday morning, he allegedly went to the house of his brother Siddappa carrying a knife. At the time, Siddappa’s wife Amrutha and children Nagaraj and Dhanush were present in the house.
Police said the accused allegedly attacked them with the knife. Nagaraj died in the incident, while Amrutha and Dhanush suffered serious injuries.
The injured were shifted to the government hospital in the city for treatment.
Deputy Superintendent of Police G. Chandrashekhar visited the spot and gathered information.
Sources said Chinnamma Rudrappa of Alabanur village has two sons Siddappa, who lives in Alabanur, and Basavaraj, who resides in Alliganur village of Siruguppa taluk.
Police suspect the long-standing property dispute between the two brothers led to the fatal attack.
