Chinese sponsorship became a bone of contention after the BCCI declared it would review the deals following the violent clashes between the armies of both the countries in eastern Ladakh where indian soldiers 15 persons been killed and more than 50 wounded .
Also in the process Chinese army taken 5000 Sqkm of Indian Soil .
As huge monies involved In this scenario The IPL will be held in the UAE from September 19 to November 10 this year declared BCCI
While the IPL Governing Council on Sunday retained all the sponsors, including Vivo which annually pays Rs 440 crore (approximately) as part of a five-year deal lasting till 2022, there is a strong possibility that the company might part ways for a year.
The one-year pullout could be treated as a moratorium period and if the relations improve, BCCI may look at inking a fresh three-year deal with the company from 2021 to 2023 on revised terms.
There were questions raised on the BCCI’s decision to retain Chinese sponsors even as the Centre banned close to 60 Chinese apps and social media platforms.
“These are sensitive times and need a cautious approach. Once you had said that you will review sponsorship and then did nothing about it, would raise a question mark over your intent on dealing with the Chinese companies,” the official said.
“Yes, the discussions are on between BCCI office-bearers president Sourav Ganguly and secretary is Jay Shah who is BJP Powerful Home minister Amit shah’s Son with the representatives of the Chinese company,” a senior BCCI official said on conditions of anonymity.
The Board official also said that whenever a decision is taken, it will be amicable and the BCCI is not looking at en cashing the bank guarantee.
“In different circumstances, if the sponsors don’t keep commitment, BCCI can encash the bank guarantee which it had earlier done in case of errant franchises.
But here, both parties are looking at an amicable escape route,” the official said. The BCCI is already in talks with a couple of Indian companies believed to be interested in a short-term sponsorship deal.
As tension to drop Chinese companies mount The official announcement is expected on Thursday but BCCI sources tight lipped about development