Byju’s Said to Owe Rs. 86 Crore to BCCI, Paytm Wants to Exit as Title Sponsor

Indian cricket workforce’s jersey sponsor Byju’s allegedly owes Rs. 86.21 crore as dues to the BCCI whereas title sponsor Paytm has requested the board to switch its rights to a 3rd occasion.

It was solely in April that the Edtech firm and the BCCI had agreed on the extension of their partnership till the top of the 2023 ODI World Cup in India at a ten % increment.

The subject was mentioned by the BCCI Apex Council on Thursday.

“As of today, Byju’s owes dues of Rs. 86.21 crore to the Board,” a BCCI supply instructed PTI after the assembly.

Byju’s first got here on board again in 2019 when cell producer Oppo transferred the sponsorship rights to the net tutorial agency.

The startup final month mentioned that 500 folks have been laid off after experiences prompt greater than 1,000 have been fired.

In different developments, it has been learnt that fintech firm Paytm has requested the BCCI to assign its India Home Cricket title rights to Mastercard.

The present settlement between Paytm and the BCCI runs from September 2019 to March 31, 2023.

The firm had missed the July timeline to request for reassignment of the sponsorship. However, contemplating the “longstanding” relationship between the 2 events, the BCCI will think about Paytm’s request.

“Paytm has request the BCCI for reassignment and the board is considering it,” the supply added.

In August 2019, Paytm had prolonged its affiliation because the title sponsor for worldwide and home cricket matches in India by 4 years with a profitable bid of Rs. 3.80 crore per match.