• About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Wednesday, February 8, 2023
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Saket Gokhale bail

    How Saket Gokhale’s habit of crowdfunding will cost him dearly

    Sehwag on Hindenburg

    Adani-Hindenburg row: Retired Sehwag has more guts than current superstars

    Star @3: How parents are destroying their kids’ lives for a few bucks

    Star @3: How parents are destroying their kids’ lives for a few bucks

    Kargil war

    Sonia Gandhi once called Kargil war a BJP War and now her minions are proving it

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    E20 Petrol

    E20 Petrol Adoption Unveiled: E20 Petrol has become official in India

    Chinese loan apps

    Now that they are banned, let us understand how Chinese loan apps worked

    Startup Ecosystem

    India’s startup growth: A tale told by data

    Fractional Ownership

    Can You Earn Passive Income Without Owning The Full Property? Yes! With Fractional Ownership

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    LCA Tejas in Navy

    A deadly Naval variant of HAL Tejas is coming

    helicopter plant India

    Dominating the skies: The unstoppable Atmanirbhar Helicopter Revolution

    AN-32 MTA

    IAF to replace accident-prone AN-32 with fully Made-in-India fleet

    Defence budget

    Given the enemies at our door, India’s defence budget is awfully low

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Chinese spy balloon

    The Dirty Secrets of the Chinese spy balloon that was harbouring over Tri-service command

    Explained in numbers: The extrusive death of China’s BRI is here

    Explained in numbers: The extrusive death of China’s BRI is here

    Russian oil sanctions

    Now India controls West’s energy supplies

    Pakistan Nuclear

    Ambition Unlimited: Pakistan’s Roadmap to Economic Power

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Alha Udal

     The lasting legacy of Alha Udal: A story sung across India

    Fall of Singapore

    Battle of Singapore: The battle that destroyed the invincibility of the British and sowed the seeds of Indian National Army

    Samjhauta Express blast

    How the jinn of Hindu terrorism emerged from Samjhauta Express bombings

    The Epic Humiliation: Stalin’s Treatment of Nehru’s Sibling Vijayalaxmi Pandit

    The Epic Humiliation: Stalin’s Treatment of Nehru’s Sibling Vijayalaxmi Pandit

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Graphene

    Graphene: A Key Material for the Future of Technology

    Actor Jugal Hansraj

    Why Jugal Hansraj failed

    Star @3: How parents are destroying their kids’ lives for a few bucks

    Star @3: How parents are destroying their kids’ lives for a few bucks

    Quantum Computing

    Quantum Computing: The Next Frontier in Information Technology

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Saket Gokhale bail

    How Saket Gokhale’s habit of crowdfunding will cost him dearly

    Sehwag on Hindenburg

    Adani-Hindenburg row: Retired Sehwag has more guts than current superstars

    Star @3: How parents are destroying their kids’ lives for a few bucks

    Star @3: How parents are destroying their kids’ lives for a few bucks

    Kargil war

    Sonia Gandhi once called Kargil war a BJP War and now her minions are proving it

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    E20 Petrol

    E20 Petrol Adoption Unveiled: E20 Petrol has become official in India

    Chinese loan apps

    Now that they are banned, let us understand how Chinese loan apps worked

    Startup Ecosystem

    India’s startup growth: A tale told by data

    Fractional Ownership

    Can You Earn Passive Income Without Owning The Full Property? Yes! With Fractional Ownership

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    LCA Tejas in Navy

    A deadly Naval variant of HAL Tejas is coming

    helicopter plant India

    Dominating the skies: The unstoppable Atmanirbhar Helicopter Revolution

    AN-32 MTA

    IAF to replace accident-prone AN-32 with fully Made-in-India fleet

    Defence budget

    Given the enemies at our door, India’s defence budget is awfully low

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Chinese spy balloon

    The Dirty Secrets of the Chinese spy balloon that was harbouring over Tri-service command

    Explained in numbers: The extrusive death of China’s BRI is here

    Explained in numbers: The extrusive death of China’s BRI is here

    Russian oil sanctions

    Now India controls West’s energy supplies

    Pakistan Nuclear

    Ambition Unlimited: Pakistan’s Roadmap to Economic Power

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Alha Udal

     The lasting legacy of Alha Udal: A story sung across India

    Fall of Singapore

    Battle of Singapore: The battle that destroyed the invincibility of the British and sowed the seeds of Indian National Army

    Samjhauta Express blast

    How the jinn of Hindu terrorism emerged from Samjhauta Express bombings

    The Epic Humiliation: Stalin’s Treatment of Nehru’s Sibling Vijayalaxmi Pandit

    The Epic Humiliation: Stalin’s Treatment of Nehru’s Sibling Vijayalaxmi Pandit

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Graphene

    Graphene: A Key Material for the Future of Technology

    Actor Jugal Hansraj

    Why Jugal Hansraj failed

    Star @3: How parents are destroying their kids’ lives for a few bucks

    Star @3: How parents are destroying their kids’ lives for a few bucks

    Quantum Computing

    Quantum Computing: The Next Frontier in Information Technology

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
No Result
View All Result

HOME » Lounge » Sports » IPL says no to TATA, Unacademy and approves Tencent funded Dream11 as the official sponsor for IPL 2020

IPL says no to TATA, Unacademy and approves Tencent funded Dream11 as the official sponsor for IPL 2020

China gets a backdoor entry now

Yash Joshi
by Yash Joshi
19 August 2020
in Sports
0
BCCI IPL Dream11 Tencent

(PC: WION)

933
VIEWS
Share on FacebookShare on Twitter

As BCCI gears up to host the 13th edition of the Indian Premier League (IPL) in the UAE, the BCCI has finally found a title sponsor for its flagship tournament after Vivo backed out in the backdrop of the border tensions between India and China as calls for boycotting Chinese goods is only increasing every single day. In a relief for the BCCI, Dream11 has bagged the sponsorship of the IPL as it outbid Byju’s and Unacademy. However, the Chinese link, unfortunately, still remains.

Indian fantasy sports start-up, Dream11 has won the bid for the title sponsorship of the IPL after it outbid Byju’s and Unacademy. Subject to Vivo’s return in next year’s IPL, Dream11 made a winning bid for three years with an average of 234 crore per year. Byju’s had bid for Rs 201 crore with Unacademy bidding for Rs 171 crore. Tata Sons didn’t place a final bid after their request of blocking three categories through title rights was rejected by the BCCI. The Tatas didn’t find merit in a single category title rights.

Market observers claimed that Vivo likely won’t return to IPL 2021 and if that happens, Dream11 will continue till 2022. It is important to note that Dream11’s Rs 230 crore bid is 51% of what Vivo was paying the BCCI. Vivo used to pay Rs 440 crore per year and Rs 2,190 crore in total from 2018-2022.

However, the controversy around Chinese sponsorship in IPL refuses to die down as Dream11 also has a Chinese connection. Dream11 has Chinese investment in the company by Tencent, which is one of the world’s most financially valuable companies. The BCCI moved to quash any concerns over Chinese sponsorship as it claimed that Tencent holds less than 10 per cent in Dream11.

PTI quoted a BCCI source as saying, “Dream11 stakeholders, including its founders plus all 400 plus employees, are Indian. “Their Indian investors are Kalaari Capital and Multiples Equity. Even Dream11’s product is available exclusively for use only by Indians. Only a single-digit percentage minority stake is held by Tencent.”

BCCI’s decision to go with Dream11 has already raised eyebrows with many saying BCCI overlooked the Chinese connection. “Considering that the BCCI had stated that the bid amount will not be the only consideration, I wish it had lived up to the expectation of avoiding China-backed companies and gone with one of the other companies such as the Tata Group,” says Harish Thawani, Former Chairman, Nimbus Sport.

Tencent is one of the biggest investors in Dream 11 with an investment of $100 million. Former Vice-President of Star Sports, Anirudh Kalia, added, “China is back in the race through a backdoor entry.”

The BCCI must have heaved a huge sigh of relief as it managed to get a new sponsor in a short span of time. However, the issue of Chinese investment in IPL still remains. Dream 11 will definitely make a neat profit as the viewership of IPL 2020 is expected to create new records in the backdrop of the pandemic and its aftermath. Any potential profit that Dream 11 bags, a part of it, in all likelihood will end up going to Tencent who also has stakes in companies like Ola and Swiggy.

Tags: BCCIDream11IPLTencent
Share144TweetSend
Previous Post

Trump-Putin pre-election meeting could lead to mainstreaming of Russia and it is bad news for China

Next Post

‘Wanted to turn India into an Islamic state,’ Jamia student confesses to torching buses, says Delhi riots were pre-planned

Yash Joshi

Yash Joshi

Aspiring Civil servant ,hell bent on bringing about a positive change in India .

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Graphene

Graphene: A Key Material for the Future of Technology

8 February 2023
Alha Udal

 The lasting legacy of Alha Udal: A story sung across India

8 February 2023
LCA Tejas in Navy

A deadly Naval variant of HAL Tejas is coming

8 February 2023
Chinese spy balloon

The Dirty Secrets of the Chinese spy balloon that was harbouring over Tri-service command

8 February 2023

Popular This Week

Adani-Hindenburg row: Decoding the hidden agendas
Premium

Adani-Hindenburg row: Decoding the hidden agendas

by Abhishek Kumar Singh
29 January 2023
Cricketers Mohammed Siraj and Umran Malik refuse to adhere to Tilak tradition
Sports

Cricketers Mohammed Siraj and Umran Malik refuse to adhere to Tilak tradition

by TFIPOST News Desk
5 February 2023
Dr Jaishankar
Politics

Left’s lobby’s plot to tarnish Jaishankar’s reputation

by Paurush Gupta
2 February 2023
The unforgotten Voice: Abhijeet Bhattacharya and the Bollywood Music Mafia
Cinema

The unforgotten Voice: Abhijeet Bhattacharya and the Bollywood Music Mafia

by Paurush Gupta
4 February 2023
Preity Zinta
Cinema

Preity Zinta – The woman who stood up to the underworld, but paid a heavy price for it

by Paurush Gupta
30 January 2023

©2023 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2023 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost