As per the report by PTI, BCCI jersey sponsor BYJU’s has allegedly owes Rs 86.21 Crore as an outstanding amount to the Board of Control for Cricket in India (BCCI). Along with this, Paytm has also requested the board to assign the India home cricket title rights to credit cards giants Mastercard, however, the consideration is still pending from BCCI as well.
However, BYJU’s has a long relationship with the Board of Control for Cricket in India( BCCI) as they have been the jersey sponsor for the Indian cricket team for quite a long time now. They acquired the rights from OPPO three years ago for the same but the deal expired in March this year. In April, both the parties extended their partnership until the 2023 ODI World Cup as well. And, now, according to a report in PTI, BYJU’s owe Rs 86.21 Crore to the board as well.
“As of today, BYJU’S owes dues of INR 86.21 Cr to the Board,” a BCCI source told PTI. “We have extended the contract with the BCCI but it is not yet signed. After the contract signing is done, the payments will happen as per the contractual payment terms. So there are no dues pending from our side.”
On the other hand, Paytm has made a request to the board to assign its home Cricket title rights to the credit card major Mastercard as well. Notably, Paytm have a deal with the cricketing board for the same that runs till March 31 next year as well. “Paytm has requested the BCCI for reassignment and the board is considering it,” the cited source further revealed.