New Delhi: IPL revealed its logo for 2020 season featuring new title sponsors Dream11
which emerged as the highest bidder for the IPL 2020 title rights on Tuesday. IPL took to Instagram to share a story with a picture of the new logo.
The Indian Premier League (IPL) on Thursday revealed its logo for the upcoming 2020 edition in UAE featuring tournament’s new title sponsor Dream11.
🚨 BCCI announce @Dream11 as Title Sponsor for IPL 2020.
More details here 👉 https://t.co/cP2Wyf9krj pic.twitter.com/5KIJjhwte7
— IndianPremierLeague (@IPL) August 19, 2020
Notably, the BCCI and Chinese mobile manufacturer VIVO decided to suspend the IPL title sponsorship rights for 2020 over raising border tensions between India and China. IPL took to it’s official Instagram handle to share the picture of its new logo with the hashtag “#Dream11IPL”, and asked fans how they liked it.
However, BCCI was not willing to agree to a 3-year conditional bid as it feels it might be able to get much more money than Rs 222 crore in 2021 and 2022. While market analysts had predicted a dip in the money for IPL 2020 title sponsorship due to the novel coronavirus pandemic, the BCCI is looking forward to better things in 2021 and 2022.