Tata Group, All Set To Make The Big Splash!

That the IPLTwenty20 is a veritable cash cow was proved once again with the Tata Group not batting an eyelid to retain the title sponsorship of the popular franchise-based league. Two years ago Tatas had replaced the Chinese company Vivo as the title sponsor at a cost of Rs 370 crore. In the latest piece of action though, the Tata Group has chosen to shell out Rs 2500 crore for a five-year season from 2024 to 2028. Just come to think of it, the real estate giant DLF — not able to get a team – got the title sponsorship at Rs 40 crore a season in 2008. In that context, the Rs 500 crore average for one season after 16 years, has to be put down as a mind-boggling sum. No wonder the BCCI Secretary Jay Shah and the IPL Chairman, Arun Singh Dhumal have expressed delight at the final sum of Rs 2500 crore, well in excess of the base price of Rs 1750 crore. The IPL has seen a number of title sponsors including DLF, Pepsi, Dream11, Vivo and then the Tata Group. The Tata Group has a massive connect with cricket, especially in the inter-office tournaments in Mumbai. It had given employment to hundreds of cricketers and the likes of Dilip Vengsarkar, Ravi Shastri and Sourav Ganguly were on its payroll.  The Tata Group has been a late entrant into the IPL bandwagon; it bagged the Women’s Premier League last year and for the second year running the Tata Group is all set to make the big splash!