NIKE logo to be removed from Team India's jersey, BCCI ropes in this brand for 3 years

New Delhi: When the Indian cricket team will return to international cricket after the lockdown implemented due to global epidemic coronavirus, everything will be the same except the branding of the clothes. The name of NIKE, which was a sponsor of kit for Indian cricketers for years, will change on the Australia tour.

Actually, MPL will now be the new kit sponsor of the Indian cricket team in place of NIKE, which has a 3-year contract with BCCI. The 3-year contract between BCCI and MPL has been done at Rs 65 lakh per match. That is, MPL will remain the kit sponsor of the Indian team from November 2020 to December 2023. A top BCCI official told the media that the Board of Control for Cricket in India (BCCI) has entered into an agreement with MPL, which will be Rs 3 crore per year for Rs 65 lakh per match. According to the BCCI board member, it will also have a royalty of 10 percent.

After it became clear that Nike was not interested in extending the current contract and wanted a deduction with an eye on the global effects of the pandemic, the Board of Control for Cricket in India decided to fresh bead for kit sponsorship.

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