IPL 2020

[Kool_SRG]

Dream11 wins title rights for IPL 2020

Dream11, the online fantasy sports company, has won the title rights for IPL 2020 after bidding INR 222 crore ($29.7 million approx.), IPL Governing Council chairman Brijesh Patel has confirmed to ESPNcricinfo. Dream11 beat bids from Byju's and Unacademy to win the rights, which run from August 18 to December 31, 2020.

Vivo had bagged the title sponsorship for two years in 2015, and retained the rights in 2017 with a five-year contract (2017-22), paying INR 2199 crore ($341 million approx.). That worked out to INR 440 crore per year; Dream11's bid indicates a fall of 49.5% in the BCCI's income from title rights for the current year, when compared to what it would have earned from the Vivo deal.

The tournament needed a new sponsor for this season after Vivo - a Chinese company - pulled out following public outcry over their association with the IPL in the wake of border clashes between troops of India and China in June.

Dream11 - who are they?

Dream11, based in Mumbai, has been associated with cricket since 2008, when it sponsored Otago Volts in the inaugural Champions League T20, played in India. It is also the official fantasy cricket platform partner with the ICC and will have that status with the IPL too. It has had a strong presence in cricket tournaments around the world of late. It made a debut as title sponsor late last year by associating with New Zealand Cricket for the 2019-20 Super Smash, that country's domestic T20 competition. Then in May, it sponsored the T10 Vincy Premier League in the Caribbean, which was among the first organised cricket tournaments since the Covid-19 pandemic.

"The title sponsorship forms a key part in the IPL's revenue sharing agreement with the franchises; 50% of the title sponsorship money goes to the eight franchises. It is understood each franchise earns over INR 20 crore ($2.7 million approx.) per year from the title sponsorship"

The latest deal further strengthens Dream 11's association with the BCCI. In 2018, it became the BCCI's official partner for the IPL, and then the official partner for all international and domestic matches in India last October. The company, which has a global presence with a tie-up with the NBA, also has prominent crickets as its brand ambassadors, including MS Dhoni, Rohit Sharma and Ben Stokes.

Why did IPL need a new sponsor?

Soon after the clashes between armed forces in June, the BCCI had said it would "review" the sponsorship deals concerning the IPL. "Taking note of the border skirmish that resulted in the martyrdom of our brave jawans, the IPL Governing Council has convened a meeting next week to review IPL's various sponsorship deals," BCCI said in a tweet posted on June 19.

The title sponsorship forms a key part in the IPL's revenue sharing agreement with the franchises; 50% of the title sponsorship money goes to the eight franchises. It is understood each franchise earns over INR 20 crore ($2.7 million approx.) per year from the title sponsorship. The BCCI's bidding conditions specified that only companies with an annual turnover of INR 300 crore ($40 million approx.) or more would be eligible to bid for the IPL title sponsorship.

The winning bid, the BCCI had said, would not necessarily need to be the highest bidder and would depend on various other factors. "For the avoidance of doubt, it is clarified that BCCI shall not be obliged to award the rights to the third party which indicates willingness to pay the highest fees in the course of discussions/negotiations," the BCCI said in a media release on August 10.

"BCCI's decision in this regard will also depend on a number of other relevant factors. It includes, but is not limited to, the manner in which the third party intends to exploit the rights and the potential impact of the same on brand IPL as also the fan/viewer experience, which will be examined and evaluated by BCCI in the course of discussions/negotiations with interested third parties who submit an EOI."

[Kool_SRG]

Dream11 that won IPL title sponsorship rights has a Chinese connection

Fantasy gaming platform Dream11 on Tuesday won the IPL title sponsorship rights with a bid of Rs 222 crore, replacing Chinese mobile phone company Vivo for a four and a half month deal.

Dream11 is a fantasy sports platform that allows users to play fantasy cricket, hockey, football, kabaddi and basketball and currently hosts over 8 crore users on the platform.

However, Dream11, which was founded in 2008 by Harsh Jain and Bhavit Sheth, has a Chinese connection.

Dream11, India’s only gaming unicorn, is valued above $1 billion. The current management including promoters and ESOPs own 35-40 percent. Kalaari Capital, Multiples and Think Investments own approximately around 40 percent and Tencent owns less than 10 percent. The balance is held by many investors in small stakes.

Coming to financials, Mumbai-based company's revenue took a 3X jump in FY18, going up from Rs 230 crore to Rs 800 crore, according to Tracxn. Also, the company's losses widened to Rs 130 crore from Rs 65 crore in FY18.

In 2018, Dream11 announced a partnership with ICC (International Cricket Council), Pro Kabaddi League, International Hockey Federation (FIH) and Big Bash League (BBL). The same year, it also roped in Indian cricket team wicket-keeper and former captain Mahendra Singh Dhoni as the brand ambassador.

Tencent, know for its popular messaging app WeChat, has more than 10 investments in India, including Flipkart, Ola, Swiggy, and Byju’s Classes.

[LadiesTailor]

Inka season start avvaledu appude 50 pages aaa... matches start ayuthe new thread open cheyyu @Kool_SRG bro 

[Kool_SRG]

Just now, LadiesTailor said:

Inka season start avvaledu appude 50 pages aaa... matches start ayuthe new thread open cheyyu @Kool_SRG bro 

This was started by @CricPokChic  in Aug 2019

[LadiesTailor]

1 minute ago, Kool_SRG said:

This was started by @CricPokChic  in Aug 2019

Oh avuna... but fresh thread vesuko bro matches start ayyaka 

[Kool_SRG]

Just now, LadiesTailor said:

Oh avuna... but fresh thread vesuko bro matches start ayyaka 

Dheniki usually IPL thread ila jumbo laane untaadi all from start to end info...

[Kontekurradu]

27 minutes ago, Kool_SRG said:

Dheniki usually IPL thread ila jumbo laane untaadi all from start to end info...

pandelu start avuthayi 

Fantasy league start ayithe diily 20-30 pages pothadi thread 

 

[CricPokChic]

1 hour ago, LadiesTailor said:

Oh avuna... but fresh thread vesuko bro matches start ayyaka 

All IPL 2020 info in a single thread bro...easy to access rather than search multiple threads....

[Kool_SRG]

IPL 2020: Trade group unhappy with Dream 11 sponsorship, writes to BCCI

There are certain questions about Chinese company Tencent's investment in Dream11

 

 

 

 

 

 

 

 

 

 

 

 

 

Traders' group CAIT on Wednesday wrote to the Board of Control for Cricket in India (BCCI) raising objections over the Indian Premier League's title sponsor reportedly having stakeholders from China.

In a letter to BCCI President Saurav Ganguly, Confederation of All India Traders (CAIT) said: "We are deeply pained to note that now Dream 11 has been chosen as sponsor of IPL 2020 which has Chinese company Tencent Global as one of the major stakeholders".

"We are of the considered opinion that awarding sponsorship to Dream 11 is nothing but a bye-pass route to neglect the sentiments and feelings prevailing among the people of India against China for its regular attempts to invade the interests of India," said CAIT, which is spearheading the campaign to boycott Chinese goods.
 

Fantasy gaming platform Dream11 on Tuesday won the Indian Premier League (IPL) title sponsorship rights with a bid of Rs 222 crore, replacing Chinese mobile phone company Vivo for a four and a half month deal.

Dream11 has been one of the IPL sponsors for a couple of years now.

Vivo and the BCCI suspended a Rs 440 crore-per-year deal for this season owing to the border stand-off between India and China. The IPL, moved out of India due to the Covid-19 pandemic this year, starts on September 19 in the UAE.

There are certain questions about Chinese company Tencent's investment in Dream11, but one of the BCCI insiders privy to the development said that it is less than 10 per cent.

Dream11 is an Indian company founded by Harsh Jain and Bhavit Sheth.

[Kool_SRG]

Just now, Kool_SRG said:

IPL 2020: Trade group unhappy with Dream 11 sponsorship, writes to BCCI

There are certain questions about Chinese company Tencent's investment in Dream11

[LadiesTailor]

Ento ee chinki companies gola... 

[CricPokChic]

1 month to go for IPL....

ALL teams landing in UAE this week....

[CricPokChic]

Predicted 11 of all teams in batting order?? What do u guys think??

 

MI	DC	KXIP	KKR	RR	RCB	SRH	CSK
Rohit	Shaw/Rahane	Rahul	Gill	Buttler*	Padikkal/Parthiv	Warner*	Watson*
QDK*/Lynn*	Dhawan	Gayle*	Narine*	Uthappa	Finch*	Bairstow*	Faf*
Ishan	Iyer	Mayank	Rana	Samson	Kohli	Williamson*	Raina
Surya	Pant	Karun	Morgan*	Smith*	ABD*	Manish	Rayudu
Pollard*	Hetmyer*	Maxwell*	Dinesh Karthik	Stokes*	Ali*	Virat Singh	Dhoni
Krunal	Stoinis*	Pooran*	Russell*	Parag	Dube/Gurkeerat	Priyam Garg	Kedar
Hardik	Keemo*	Neesham*/Jordan*/Cottrel*	Tripathi/Rinku	Gopal	Morris*	V Shankar	Jaddu
NCN*/Boult*	Axar	Gowtham	Cummins*	Archer*	Sundar	Rashid*	Bravo*/Sam Curran*
R Chahar	Ashwin	Sujith/M Ashwin	Warrier/Prasidh/Varun	Unadkat	Chahal	Kaul/Sandeep/Abhishek	Bhajji/Piyush/Karn/Santner*
Malinga*	Rabada*	Porel/Bishnoi	Kuldeep	Markande/Tewatia	Saini	Bhuvi	Ngidi*/Hazlewood*/Tahir*
Bumrah	Ishant/Mishra	Shami	Nagarkoti/Mavi	Rajpoot/ Aaron	Umesh	Khaleel	D chahar

[Kool_SRG]

[CricPokChic]

Still waiting for the IPL Schedule....so late...