BCCI Inks A 3-year Kit Sponsorship Deal With MPL For Team India

By CricShots - Nov 2, 2020 12:24 pm

On Monday, the Board of Control for Cricket in India (BCCI) signed a three-year kit sponsorship deal with MPL for Team India. The deal is from November 2020 till December 2023 and will see the board earn ₹65 lakh per match over the three-year period. As per the quotes in ANI, an Apex Council member of the board confirmed the recent deal and explained the details of the new kit deal with MPL.

india kit — Nike was the kit sponsor for Team India

The member of the Apex Council said, “Yes, we have signed a deal with MPL that is effective from November 2020 till December 2023. The kit sponsorship amount is ₹65 lakh per match while merchandising is Rs 3 crore per year for the three-year period. With that royalty will be 10 percent of net sales per season.”

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There have been quite some talks over the kit sponsorship after it came to the knowledge that Nike had no interest in continuing the existing deal and wanted a deduction with an eye on the global effect of the pandemic. After the talks to be the Nike officials, BCCI decided to go ahead and invite fresh bids.

India’s first tour in the post-coronavirus era will be the Australia series which gets underway on November 27 with the first ODI at the Sydney Cricket Ground. The Indian squads for the same was picked a few days back and the Test specialists have already arrived in the UAE along with the coaching staff as the BCCI has decided that the team will leave for Australia directly from Dubai after the conclusion of the Indian Premier League (IPL) which is scheduled to end on November 10.