The agreement with Tata as the main sponsor of the Indian Premier League was extended. They will be the title sponsor for the next five years. However, the financial amount of the contract has increased a lot. The contract amount for the next five years is 2500 crore. Every year Tata will pay Rs 500 crore to BCCI. Tata came as the title sponsor of IPL for the first time in 2022.
IPL Chairman Arun Singh Dhumal said, “This new agreement with the Tata Group will mark a milestone in the history of the IPL. Tata will be the title sponsor from 2024 to 2028.” Note, this year’s IPL is likely to start from March 22nd, 2024. It will continue until the end of May, 2024.