In fact the association with IPL has been tremendously favorable for the Vivo brand because vivo mobile phone is getting T20 league title sponsorship right for next five years. After Pepsi exists vivo was roped in the IPL title sponsor for past two seasons. As everyone knows vivo is the Chinese handset maker and it has retailed the title sponsorship of IPL (Indian Premier League). In fact this company will pay 2,199 crore to BCCI (Board of Control for Cricket in India) over next five years. When compared to the vivo previous deal, this company has earned 340 percent jump from BCCI sponsorship rights. There are five companies are applied for this title sponsorship such as Motorola, Intex, Vivo, Oppo and Xiaomi.
To know about IPL title sponsorship
In fact IPL Chairman Rajeev Shukla is offering positive review for joining to vivo because association of IPL is great for past two seasons. In fact five year title sponsorship was starting in the year of August 1, 2017 and it will plan to end on July 31, 2022. In previously, vivo had bagged to the IPL sponsorship for ninth and tenth editions of league in the year of 2016 and 2017. Vivo is creating the big push into the Indian sports. Apart from the Indian Premier League, vivo mobile company is acquired the right of pro kabaddi title sponsors for five years. Actually this deal was announced in the year of 2017, May and it might be valued at 300 crore. In fact vivo was replaced the PepsiCo title sponsorship of high profile tournament at 2015 and it is the big deal in IPL. Some of the sector specialists are offering only positive feedback and review to invest in the IPL because it is offering more numbers of benefits to vivo mobile company.