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An extra Rs 130 crore will be earned by BCCI after Tata replaces Vivo as main sponsors for IPL

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3 years ago

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The Tata Group has replaced Vivo as the title sponsors for IPL. Vivo has terminated its contract with two editions remaining. BCCI has brought on board Tata Group and according to the deal document accessed by TOI, the board is expected to earn around Rs 130 crore more from the deal it had with Vivo which was supposed to run till 2023.

The relationship between BCCI and Vivo had hit rough waters in 2020 when the latter decided to opt out of sponsoring the 2020 IPL season in UAE.

With two new IPL teams coming in and the number of matches going up, BCCI was slated to earn Rs 996 crore from Vivo over the next two editions. Vivo had offered Rs 484 cr and Rs 512 cr instead of Rs 440 cr for the two remaining seasons. Tata has offered to pay Rs 335 crores per season as rights fee and Vivo will have to shell out around Rs 450 cr (including assignment fee) for a smooth exit from the contract. That takes BCCI’s earning for these two seasons to Rs 1124 cr.

The Tata Group also wants to extend the deal to a five-year contract. BCCI is supposed to invite fresh tenders for the title sponsorship for the 2024-28 cycle. However, BCCI will give Tata an option to right to match once the fresh bidding happens in 2024. This will mean Tata will have to match the highest bid to retain IPL’s title sponsorship and it will ensure BCCI doesn’t miss out on a hefty value.

BCCI, in the past, had a contract with DLF (IPL’s first title sponsors) which had a clause that a contract could be extended beyond five years if both parties negotiated in good faith.

“This is indeed a momentous occasion for the BCCI IPL as the Tata Group is the epitome of global Indian enterprise with an over 100 year old legacy and operations in more than 100 countries across six continents. The BCCI, like the TATA Group, is keen to promote the spirit of cricket across international borders, and the growing popularity of the IPL as a global sporting franchise bears testimony to the BCCI’s efforts. We are truly happy that India’s largest and most trusted business groups have believed in the IPL growth story and together with the Tata Group, we will look to take Indian cricket and the IPL forward to greater heights,” BCCI secretary Jay Shah said in a statement.

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What monkey fled with a bag containing evidence in it: Read full story

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3 years ago

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May 5, 2022

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The court, generally, considers a person who commit a crime and the one who destroys the evidence, as criminals in the eyes of law. But what if an animal destroys the evidence of a crime committed by a human.

In a peculiar incident in Rajasthan, a monkey fled away with the evidence collected by the police in a murder case. The stolen evidence included the murder weapon (a blood-stained knife).

The incident came to light when the police appeared before the court and they had to provide the evidence in the hearing.

The hearing was about the crime which took place in September 2016, in which a person named Shashikant Sharma died at a primary health center under Chandwaji police station. After the body was found, the deceased’s relatives blocked the Jaipur-Delhi highway, demanding an inquiry into the matter.

Following the investigation, the police had arrested Rahul Kandera and Mohanlal Kandera, residents of Chandwaji in relation to the murder. But, when the time came to produce the evidence related to the case, it was found that the police had no evidence with them because a monkey had stolen it from them.

In the court, the police said that the knife, which was the primary evidence, was also taken by the monkey. The cops informed that the evidence of the case was kept in a bag, which was being taken to the court.

The evidence bag contained the knife and 15 other important evidences. However, due to the lack of space in the malkhana, a bag full of evidence was kept under a tree, which led to the incident.

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