Title Sponsor Vivo Pulls Out Of Tournament

New Delhi: With 46 days left for the 13th version of the Indian Premier League, an proprietor of one of many IPL franchises knowledgeable the opposite seven that title sponsors Vivo would possibly stroll away. However the Board of Management for Cricket in India (BCCI) says there is no such thing as a motive to panic.

Talking to IANS, sources within the know of developments within the BCCI stated that the standing stays unchanged and panicking isn’t the way in which ahead even when somebody is feeling a monetary crunch.

“At this stage there’s no change in standing. We do perceive that somebody could also be feeling a monetary crunch at this stage however from the perspective of the BCCI, there’s no discretion to amend any contracted quantity even when the market scenario makes it troublesome for somebody. That is on account of the Supreme Court docket judgment.

“There’s a binding contract and the identical would govern the way during which the 2 events work together. See there are lot of small developments that happen every day in an organisation such because the BCCI however that doesn’t imply there’s any want to leap the gun (he smiled). Somebody heard some chatter and pressed the panic button considerably prematurely. Properly, these are the form of issues that offer you expertise,” the supply stated.

“The bottom line is that as of now there is no change. If the situation changes, we will address it.”

An official of one of many main franchises confirmed that the proprietor had obtained a name on the identical. “Yes, he is known to have good terms with one of the BCCI officials and he did call up the owner to inform that Vivo might be walking away. But I think the decision isn’t final. Whatever the status, we believe that a serious matter like this will be formally taken up by the BCCI with all the franchises if the need arises,” the official advised IANS.

In reality, sources within the know of developments confirmed that in a gathering of the franchises with BCCI officers it was this very one who had raised the problem of compensation for ticket income. “He had raised the issue of compensation for ticket revenue. But all the others present stressed that ticket revenue was the least of everyone’s concerns and what was important was that the IPL season actually takes place this year,” the supply stated.


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