The Indian Premier League (IPL) is the most-attended cricket league on Earth. It ranks sixth among Brand IPL is a beast. It was pegged at a whopping $3.2 billion in 2014, and
In 2016, the title sponsor of the IPL is Vivo Electronics. That means the league is now officially known as the
Back in 2008, DLF, Indian's biggest real estate company, paid a hefty sum of Rs. 200 Crores (around $36.25 million), to own the title rights for the first five years of the tournament. However, after the given period, DLF decided not to renew its contract. This forced BCCI to issue a new tender, with a base price of Rs. 300 Crores.
This was also the time when the match fixing scandal struck hard, and there was widespread skepticism about the future of the tournament.
In the 2013 season of the IPL, Ankeet Chavan, Ajit Chandila and S Sreesanth were arrested over charges of spot- fixing.
There were allegations that Chennai Super Kings team principle Gurunath Meiyappan and
The BCCI banned the three cricketers for life, CSK and Rajasthan Royals were banned from the tournament for two years and Meiyappan and Kundra, were banned for life.
Anyway, Pepsi struck a new title sponsorship deal in 2012. The amount was almost double the original title sponsorship deal DLF signed back in 2008, and everybody was happy. Officials were positive that despite all the negative colours IPL had been painted in, the league will endure.
The deal was clinched for a solid Rs 396.8 Crores (around $71.77 million) for the next five years (2013-17). Airtel, India’s largest telecom company also bid Rs. 316 Crores (around $57.27 million), but was obviously outbid.
However, in 2015, the beverage giant pulled out from a five-year deal that was to end in 2017. PepsiCo's decision to end its deal with IPL was reportedly caused by the spot-fixing scandal which shook the game in 2013.
In 2016, mobile company Vivo replaced PepsiCo as the title sponsor of the Indian Premier League (IPL), and the game continues.
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