Dream11 was the highest bidder for the Indian Premier League (IPL 2020) title rights on Tuesday. But the Board of Cricket Control of India (BCCI) is yet to announce them as the winner of the IPL 2020 Title Sponsorship rights.
The company replaced Chinese mobile phone manufacturer Vivo, which had to pull out for this season because the Sino-India border stand-off.
IPL title rights: BCCI likely to ask Dream11 to revisit bids for 2021 and 2022
Sources disclosed that BCCI and Dream11 are still negotiating.
“It was always clear that the highest bidder may not get the title rights (it was specified by the BCCI before accepting the Expression of Interest from bidders),” a veteran BCCI official, privy to the development, told PTI on conditions of anonymity.
“Having said that, Dream11 has bid the highest and are still favourites to get it, a few issues are still being ironed out before an official announcement comes,” he added.
“We haven’t closed it as it’s a pause. If we are getting Rs 440 crore, why will we settle for Rs 240 crore?” the official asked.