According to reports, the Indian cricket team’s jersey sponsor, Byju, owes the Board of Control for Cricket in India (BCCI) INR 86.21 crore in debt. Meanwhile, Paytm, the title sponsor has asked the board to transfer the rights to a third party.
Only two months ago, the BCCI and the Edtech business agreed to extend their cooperation through the end of the 2023 World Cup, which India would host, with a 10% increase. The issues were brought before the BCCI Apex Council on Thursday, July 22.
According to a Byju official, the deal with the BCCI has been extended but has not yet been signed. “As of today, Byju’s owes the Board Rs. 86.21 crores,” a BCCI official was cited as saying.
Meanwhile, Paytm has proposed that the BCCI assign their title rights for India’s home series to Mastercard. Paytm has already missed the July deadline for requesting title sponsorship reassignment. However, because of the two parties’ long-standing relationship, the BCCI will consider the fintech company’s plea.
The most recent home series was a five-match T20I series against South Africa in June. It concluded in a 2-2 tie as the series decider was rained out at M. Chinnaswamy Stadium in Bengaluru.
