Mobile manufacturer OPPO India Pvt Ltd has been awarded the Indian cricket team's sponsorship rights for five years, starting April. The decision was announced on Tuesday after the bid documents of all the aspirants were opened at the Board of Control for Cricket in India (BCCI) headquarters.
The BCCI had set a base price of Rs. 2.2 crore a game for all the bilateral games and Rs. 70 lakh for every ICC tournament match India would feature in till March 2022. The base price was 15% higher than Rs 1.92 crore (Rs. 61 lakh for ICC games) that were being paid by Star India Pvt. Ltd.
The amount of the winning bid is still unclear. However, according to a BCCI insider, the amount is "an all time high".
The highest BCCI had received previously for team sponsorship was Rs. 3.34 crore, paid by Sahara India Pariwar.
