The Indian Premier League (IPL) 2022 is set to be played with two new teams this year. The tournament is likely to be played between April-May. Meanwhile, ahead of the mega auction, there is big news about title sponsors. VIVO is all set to be replaced by TATA. It ends VIVO's five-year association with the competition.
VIVO has been sponsoring the IPL since 2016. It was replaced by Dream11 in IPL 2020 after India and Chinese soldiers were involved in a standoff at the Indo-Chinese border at the Line of Actual Control (LAC). Also, reports indicated that VIVO's market revenue had taken a fall during the pandemic. VIVO's current deal was worth ₹2,199 crore.
In the meantime, IPL 2022 will see a couple of new teams added to the fray. The Ahmedabad and the Lucknow franchise, worth ₹5,625 crore and ₹7,090 crore, respectively. The IPL 2022 Mega Auction will be held next month, while the venue for the same will be shifted out of Bengaluru due to COVID lockdown measures.