Traders Body CAIT writes to BCCI Opposing IPL Title Sponsorship entitled to Dream11!

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Traders Body CAIT writes to BCCI Opposing IPL Title Sponsorship entitled to Dream11!

Traders Body CAIT on Wednesday wrote to the BCCI raising objections over IPL’s Title Sponsor, Dream11 having major stakeholders from China.

In a letter to the BCCI President Sourav Ganguly CAIT said that, “We are deeply pained to note that now Dream11 has been chosen as sponsor of IPL 2020 which has Chinese company Tencent Global as one of the major stakeholders”. 

“We are of the considered opinion that awarding sponsorship to Dream11 is nothing but a bye pass route to neglect the sentiments and feelings prevailing among the people of India against China for its regular attempts to invade the interests of India,” said CAIT, which is spearheading the campaign to boycott Chinese goods. 

Fantasy Gaming Platform Dream11 won the IPL Title Sponsorship Rights on Tuesday with a bid of Rs 222 crores, replacing VIVO for a four & a half month deal. Dream11 has been one of the major IPL sponsors for a couple of years now. VIVO & the BCCI has suspended Rs 440 crores annual deal for this season owing to the border clash between India & China.

There are certain questions about Chinese Company Tencent’s Investment in Dream 11, but one of the BCCI insiders said that it is less than 10 percent. Dream11 is an Indian Company founded by Harsh Jain & Bhavit Sheth.

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