The main revenue in the IPL series comes from the sponsoring company. Next to that, the IPL team comes from the owners.
Vivo, a Chinese mobile phone company, has agreed to sponsor the IPL series from 2018 to 2022. Accordingly, Rs. 440 crore, for a total of Rs. Vivo owes Rs 2,190 crore to the BCCI.
As a result of the problem with China on the border, the demand arose that the Chinese company should not sponsor the IPL series. To mount it the BCCI banned sponsorship in Chinese companies. With the ban imposed on Thursday, BCCI President Ganguly has now spoken out about the ban.
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Commenting on the ban, Ganguly said:
The ban on Chinese institutional sponsorship is not an economic setback for the BCCI. These are just a few small tracks. The BCCI will always have a different plan to deal with such situations.
If you have good professional experience, you can easily deal with any situation. Big things don’t happen overnight. Likewise, it will not go away overnight. We can only succeed when we face great losses with courage.
India is scheduled to host the 2021 and 2023 World Cups. In that, there will be no change. The biggest fear among the people is caused by the corona. An appropriate solution will be found soon.
Thus he said.