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About: http://data.cimple.eu/news-article/6c86049fda82f46e0e7f7eacaf2d83fc8224d45d85007679f52d383d Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	India's cricket chief Sourav Ganguly says the Indian Premier League's decision to suspend a lucrative contract with its main sponsor, the Chinese phone maker Vivo, following a deadly border clash between the two nations is "just a blip". The IPL last week suspended the agreement with Vivo, which signed a five-year contract in 2017 worth more than $330 million to sponsor the world's richest cricket tournament. "I wouldn't call it a financial crisis. It is just a little bit of a blip," said Ganguly, the head of the Board of Control for Cricket in India (BCCI). "BCCI, it's a very strong foundation -- the game, the players, the administrators in the past have made this game so strong that BCCI is able to handle all these blips," he said at an online conference on Saturday, the Press Trust of India reported. "You keep your other options open. It is like Plan A and Plan B." The 2020 IPL tournament is due to start in the United Arab Emirates next month. Vivo said the decision was mutually agreed. Calls for a boycott of Chinese firms and products in India grew after the June 15 clash in which 20 Indian soldiers died. The Indian government has already banned dozens of Chinese smartphone apps -- including the popular video-sharing platform TikTok -- and also taken other measures to restrict trade with China. The IPL and BCCI have tie-ups with companies including Paytm, Swiggy, Dream11 and Byju, which all have Chinese investment. According to reports, the BCCI was in talks with Indian companies over sponsorship deals but was expected to make less than the $60 million it would have received from Vivo. Each of the eight IPL teams stands to lose nearly $4 million from the lost sponsorship, a team official told AFP Thursday on condition of anonymity. The star-studded IPL Twenty20 league is a huge revenue earner for BCCI and is estimated to generate more than $11 billion for the Indian economy. The tournament normally starts in March, but was repeatedly postponed this year because of the coronavirus pandemic. bb/grk/ecl
schema:headline	IPL Chinese sponsor deal suspension 'not financial crisis': Ganguly
schema:mentions	Economy of India Sourav Ganguly Board of Control for Cricket in India Paytm Smartphone Agence France-Presse India national cricket team Twenty20 Indian Premier League United Arab Emirates TikTok Pandemic China Severe acute respiratory syndrome coronavirus 2 BLIPS Dream11 Swiggy Boycotts of Israel Blip (website) Emitter-coupled logic
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-09 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	73 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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