Pepsi's withdrawal from IPL confirmed, Vivo mobiles to be title sponsor

Thakur

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After Pepsi's plea to withdraw from its position as the title sponsor of the controversy-ridden Indian Premier League, media reports suggest that Vivo mobiles will be made sponsors for the next two editions of India's domestic T20 tournament.

According to CNN-IBN an 'amicable' solution has been reached with PepsiCo while the deal Chinese mobile manufactures Vivo will kick in from the ninth edition next year. Details of the sponsorship deal are awaited.

The fate of the two suspended IPL franchises, PepsiCo's plea to withdraw as IPL sponsor and fixing the date of next Annual General Meeting top the agenda when the BCCI's all-powerful working committee meet that is underway today.

The meeting was originally scheduled earlier in August but was adjourned sine die after deciding to seek the opinion of the Supreme Court on whether N Srinivasan could attend the BCCI meetings as the authorised representative of Tamil Nadu Cricket Association in view of the conflict of interest issue.

Sunday's reconvened has plenty to ponder over, the most crucial issue being the fate of Chennai Super Kings and Rajasthan Royals -- the two franchises suspended in the wake of Justice R M Lodha committee's report on the 2013 IPL spot-fixing scandal.

However, in what would come as a relief for them, BCCI members may not push for their termination when the Working Committee meeting chaired by newly-appointed President Shashank Manohar takes place.

The IPL Working Group had suggested fresh bidding for two new teams to make it an eight-team IPL which is a must from the perspective of broadcasters and sponsors.

It was also suggested that after CSK and RR complete their two-year suspension period, they will be re-inducted into the cash-rich league to make it a 10-team affair.

It will be the final working committee meeting where the annual accounts will be passed and the date of the Annual General Meeting will also be decided.

BCCI president Manohar has already said that the board would not be vindictive towards any of its member.

After BCCI president's declaration, Srinivasan withdrew the perjury case filed against secretary Anurag Thakur while the Board is still represented at the ICC Board meetings by the Tamil Nadu strongman.

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Yeh dil maange no more: Mobile company Vivo named new IPL title sponsor after Pepsi pulls out
 
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