Chinese mobile company VIVO backs out as IPL 2020 title sponsor: Report

Chinese mobile company VIVO has backed out as title sponsor of IPL 2020 after demanding a 30-40% cut. As per reports, VIVO will be back as title sponsor in 2021 and continue till 2023. BCCI would be floating a new tender for the title sponsorship soon with 46 days to go for the tournament in UAE.