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Chinese mobile phone maker OPPO Electronics has bagged the rights to be the official sponsor of the Indian cricket team after bidding ₹1,079.29 crore.
Oppo eased past Vivo Mobiles, the second highest bidder, with ₹768 crore.
Nine companies, including Star, Paytm, Hero, GroupM and DBS Bank were in the reckoning.
The bids were opened on Tuesday in the presence of the BCCI’s Supreme Court-appointed administrative panel member Diana Edulji, BCCI officials and the bidders, at the Board’s headquarters here.
The team sponsorship rights run for five years, from April 1 to March 31, 2022. This period will see Team India play 14 home series and 20 overseas series, and also include the ICC Champions Trophy, ICC Cricket World Cup and World T20 events.
Oppo will pay ₹4.61 crore per bilateral match and ₹1.56 crore for an ICC event match.
Sahara was the previous highest bidder for the Team India sponsorship, paying ₹3.34 crore per match.
Star India currently sponsors the Indian team, and its contract expires on March 31.
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