Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ Sports / Cricket News/  BCCI has banned these brands from sponsoring Team India: Check full details

BCCI has banned these brands from sponsoring Team India: Check full details

The BCCI has invited tenders for the lead sponsorship rights of the Indian cricket team after BYJU's terminated its $35-million deal.

A logo of the Board of Control for Cricket in India (BCCI)Premium
A logo of the Board of Control for Cricket in India (BCCI)

The Board of Control for Cricket in India (BCCI) has invited tenders from interested businesses for the lead sponsorship rights of the national cricket team. This move comes after ed-tech company BYJU's decided to terminate their $35 million deal with the board, citing a reduction in branding expenditure as the reason.

Also Read: Pakistan seeks BCCI's 'written guarantee' to PCB on India's 2025 CT participation

The Indian cricket team's jerseys have featured BYJU's prominently as the lead sponsor across all three formats of the game. However, with BYJU's stepping away, the BCCI has initiated the process to find a new lead sponsor. The board has released an Invitation to Tender (ITT) for interested parties to bid for this prestigious opportunity.

“Any interested party wishing to submit a bid is required to purchase the ITT. However, only those satisfying the eligibility criteria set out in the ITT and subject to the other terms and conditions set out therein, shall be eligible to bid. It is clarified that merely purchasing the ITT does not entitle any person to bid," BCCI wrote in a statement.

Also Read: Asia Cup 2023: BCCI denies claims of accepting PCB's hybrid model, says ‘final decision after…’

The bid for sponsorship rights is expected to draw significant attention, especially with the upcoming ODI World Cup scheduled to take place in India later this year. The lead sponsor's name will adorn the front of the Indian cricket team's jersey, providing unparalleled visibility and exposure.

The BCCI recently announced its partnership with renowned sportswear giant Adidas, securing them as the official kit sponsor for the Indian cricket team. With the addition of the lead sponsor, both brand names will be prominently displayed on the team's jerseys.

BCCI bans certain brands

Certain brand categories have been deemed prohibited for the sponsorship rights. These brands cannot bid for being the title sponsor for Team India. 

These include athleisure and sportswear manufacturers, alcohol products, betting companies, cryptocurrency entities, real money gaming platforms (excluding fantasy sports gaming), tobacco brands, and those associated with offensive content such as pornography or public moral offence. 

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Sounak Mukhopadhyay
Sounak Mukhopadhyay, who also goes by the name Sounak Mukherjee, has been producing digital news since 2012. He's worked for the International Business Times, The Inquisitr, and Moneycontrol in the past. He's also contributed to Free Press Journal and TheRichest with feature articles. He covers news for a wide range of subjects including business, finance, economy, politics and sports. Before working with digital news publications, he worked as a freelance content writer.
Catch all the Sports News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 15 Jun 2023, 11:24 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App