The Board of Control for Cricket in India (BCCI) on Tuesday named OPPO Mobiles India Private Limited as the new team sponsor for the national team. Oppo takes the place of Star India, whose contract runs till March 31. According to media reports, Star India decided not to renew the contract due to the recent administrative problems within the BCCI.
“The mobile manufacturing giant Oppo’s association with BCCI will start from April 2017 for a period of five years,” the BCCI said in a statement.
Earlier, Star had won the rights to be the team sponsor in 2013 after Sahara’s bid was found to be ineligible.Although the BCCI didn’t give the details of the new contract with Oppo, it has been reported that the fee will be around Rs 600 crore.
BCCI announces @oppo as the new Team sponsor. The partnership with Indian Cricket will start from Apr 2017 for a period of five years #OPPO
— BCCI (@BCCI) March 7, 2017
Although the BCCI didn’t give the details of the new contract with Oppo, it has been reported that the fee will be around Rs 600 crore.
Earlier on February 16, several media reports stated that, whosoever becomes Star India’s successor in April will hold the sponsorship of team India who will be playing 259 matches, including 238 bilateral matches and 21 across ICC tournaments—ICC Champions Trophy in June 2017, 2019 ICC World Cup, 2020 ICC World T20, and 2021 ICC Champions Trophy.
BCCI has set Rs 2.2 crore as the base price for bilateral matches, while for the ICC tournaments, the base price is set at Rs 70 lakh. Even at the base price, BCCI will earn at least Rs 523.6 crore from bilateral matches and Rs 14.7 crore from ICC properties, lapping Rs 538.3 crore.
