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IPL could lose $330 million Chinese sponsorship

IPL Trophy.

Due to ongoing border tension between India and China, the calls for Boycott China call in Indian market is getting louder day by day and puts the current sponsorship deal of Indian Premier League (IPL) under threat.

The IPL in it’s statement has said that its chiefs would meet next week to review sponsorship deals.

Chinese mobile phone maker VIVO is the IPL’s top sponsor having paid $330 million for a deal between 2018-2022.

Growing calls have been made for action against Chinese firms after a clash between Indian and Chinese forces in Ladakh recently.

“Taking note of the border skirmish that resulted in the martyrdom of our brave (soldiers), the IPL Governing Council has convened a meeting next week to review IPL’s various sponsorship deal,” said a statement on the IPL’s official Twitter account.

The league has not gone ahead this year because of the coronavirus pandemic, but cricket chiefs still hope it can be played.

“Ban all Chinese products,” Indian spinner Harbhajan Singh wrote on Twitter reflecting the growing anti-China sentiment in the country.

The Indian Olympic Association said it was also ready to reconsider its deal with Chinese kit makers Li Ning.

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