Byju’s to replace Oppo on Team India jersey after West Indies tour

BCCI will continue to receive the same amount from Byju’s and will be at no loss for the entire duration of the deal

From September onwards, Team India will have another brand name on their shirts. Chinese portable producer Oppo will be supplanted by Byju’s, the Bangalore-based instructive innovation and online instructional exercise firm.

Group India will brandish Oppo logo on their shirts till the West Indies visit which starts from August 3 and finishes on September 2. Once, South Africa voyage through India starts from September 15, Byju’s will takeover the pullover. In March 2017, Oppo had won the Indian group sponsorship rights for a five-year time frame, for example till March 2022 for an incredible measure of Rs 1079 crores, outbidding Vivo mobiles’ Rs 768 crore offer..(Click Here for Companies News)

Be that as it may, as per a Times of India report, Oppo has now chosen to leave the space since it finds the incentive at which it obtained the rights in 2017 to be “amazingly high” and “unsustainable”. The report further says that BCCI will keep on getting a similar sum from Byju’s and will be at no misfortune for the whole length of the arrangement which keeps running till March 31, 2022.

Oppo was paying BCCI Rs 4.61 crore per respective match and Rs 1.56 crore for an ICC occasion coordinate. Prior to that, STAR India used to pay Rs 1.92 crore per reciprocal match and Rs 61 lakh for an ICC coordinate…

At Rs 591 million per match, BCCI rights exceed IPL media rights fee

The latest bid in the BCCI media rights auction stands at RS 60.32 billion, which amounts to Rs 591 million per match

The Board of Control for Cricket in India (BCCI) media rights are proving to be a windfall for the governing body for cricket in the country. The second day of the e-auction saw the per match fees for the BCCI media rights exceed the per match fees pledged by Star India for the Vivo Indian Premier League (IPL) for the 2018-22 period.

The latest bid in the BCCI media rights auction stands at RS 60.32 billion, which amounts to Rs 591 million per match. The IPL media rights, sold for Rs 163.5 billion across 300 matches amount to Rs 545 million per match.

This is a huge premium over what Star India was paying for the BCCI rights so far at Rs 430 million per match.

With no conclusive outcome by the end of the second day of bidding, the auction has been carried forward to Wednesday, April 5 when bidding will resume at 11 am. The day’s bidding started with Rs 45.17 billion and went up consistently to Rs 45.65 billion, Rs 54.88 billion, Rs 57.48 billion, Rs 60.01 billion, Rs 60.03 billion to finally end the day at Rs 60.32 billion.

Three companies – Star India, Sony Pictures Network India (SPN) and Reliance Jio are currently embroiled in an intense bid war for the coveted rights which include 102 international matches across 190 days in the 2018-23 cycle. The bidding started on April 3 which ended with a final bid of Rs 44.42 billion. This is the first time a sports property is using the e-auction process for its media rights sale. Under the rules of the auction process, while the involved parties can see the bids, but the identity of the bidders is kept under wraps till the conclusion of the process.

Three categories of rights have been put on sale by the BCCI – global television rights and rest of the world digital rights (GTVRD), digital rights for the Indian subcontinent alone (ID), and the global consolidated rights comprising worldwide TV and digital rights (GCR). As was the case with the Indian Premier League, if the globally consolidated bid exceeds the sum of the GTVRD and ID, then that bid wins. If not, the individual bids – India television+global digital and India digital rights will be deemed winners.

The base price for the 2018-19 season for the GTVRD is Rs 350 million crore, Rs 80 million for ID and Rs 430 million for the global consolidated rights. For the 2019-2023 tenure, the base price for GTVRD is Rs 330 million, for ID is Rs 70 million and Rs 400 million for GCR.

While six companies showed intent to bid, only the three currently involved in the bid process chose to bid actively. The three companies that did not enter the process were Google, Facebook and YuppTV.

CLICK HERE: IPL 2018

Kohli snatches ICC top spot from A B de Villiers, surpasses Sachin's points

Kohli scored 263 runs in the series and has reached 889 points, which is the best ever by an India batsman

 

Indian captain Virat Kohli on Monday returned to the top of the ICC ODI rankings for batsmen after logging career-high rating points, going past the iconic Sachin Tendulkar in the process.

Kohli has moved back to the top within 10 days of losing it to South Africa batsman AB de Villiers after the rankings were updated following India's 2-1 home series win over against New Zealand.

The 28-year-old Delhi batsman, who scored 263 runs in the series, has reached 889 points, which is the best ever by an India batsman.

"The previous highest points tally of 887 was managed by Sachin Tendulkar in 1998 and by Kohli earlier this year," the ICC said in a statement.

India opener Rohit Sharma's 174 runs in the series has seen him reach a career-high rating of 799 points, even though he remains in seventh position.

Former captain Mahendra Singh Dhoni has risen one place to 11th in the latest rankings.

The list for bowlers continues to be led by Pakistan pace bowler Hasan Ali while India fast bowler Jasprit Bumrah has reached a career-best third after finishing with six wickets in the series against New Zealand.

Other bowlers to move northwards include left-arm spinners Mitchell Santner of New Zealand (up two places to 14th) and Pakistan's Imad Wasim (up 14 places to 27th). Adam Milne has also made significant movement, gaining 11 slots to reach 42nd position.

India's 2-1 win over New Zealand was not enough for them to overtake South Africa, who hold the top ranking in the at 121 points, ahead of India by two points.