Aug 19, 2020

Dream11 is IPL's new title sponsor

MUMBAI: Dream11 have made a three-year winning bid to bag the Indian Premier League (IPL) title rights. The fantasy sports platform – a start-up pioneered by two Indian entrepreneurs – have made a bid for three years, subject to Vivo’s return next year.

Should Vivo India – the title sponsors who exited the space two weeks ago – come back to the table next year, Dream 11 will have to make way. However, if Vivo do not return as title sponsors, the fantasy sports start-up will continue to hold the title rights till the 2022 edition.

The break up of Dream11's winning bid is as follows: Rs 222 crore for the first year, Rs 240 crore for year two and Rs 240 crore for year three, for an average of Rs 234 crore per year.