Nike had been related with the Indian cricket group for the final 5 years beginning from 2016.
The Board of Cricket Control in India has announced the MPL Sports as the Indian cricket’s official kit sponsor, news agency ANI reported. As per the statement from the BCCI, the contract has been signed for a period of three years with the corporation. Under the contract the MPL Sports will be designing and manufacturing the jerseys that Indian cricket players don whilst playing on the field in the international matches. The corporation will be entrusted with the duty to design and style and manufacture the jerseys for the Men’s, Women’s as effectively as the Under-19 Indian cricket teams, as per the contract.
MPL Sports is component of the Mobile Premier League which is a fantasy gaming platform and has been related with two of the Indian Premier League’s franchises as effectively namely Chennai Super Kings and Kolkata KnightRiders in the lately concluded IPL season. MPL Sports will replace a single of the sports most significant sponsors in the planet market place Nike as an official kit sponsor of the Indian cricket group whose contract came to an finish this year. Nike had been related with the Indian cricket group for the final 5 years beginning from 2016.
In addition to the MPL Sports, the other corporations which had been in the race to turn out to be the Indian cricket team’s sponsor have been Puma and Adidas. However, each the sports apparel brands reportedly pulled out of the race as they wanted to lessen the quantity to be paid to the BCCI to a single third from the original bid. According to a PTI report, Nike had paid a total of Rs 370 crore in the period of 5 years in addition to paying the royalty of about Rs 30 crore to the Indian cricket board. One of the close sources also told PTI that no sport apparel corporation was prepared to spend the quantity which Nike had been paying due to the ongoing uncertainties in the wake of the Coronavirus pandemic.
While the BCCI as of now has not disclosed the quantity which will sooner or later be paid by the MPL Sports, according to a close supply the quantity which the corporation will in fact shell out will be substantially significantly less than what the Nike was paying, PTI had earlier reported.