The ‘Dream 11’ company has been in discussion after the online gaming bill. A few days after the bill passed, Dream 11 has ended the sponsorship deal with BCCI. According to The Indian Express, a source said that Dream 11 officials have made it clear in front of BCCI CEO Hemang Amin that they will not be able to release the deal. Let us know that this deal started in 2023, which was to be run by 2026, but the online gaming bill has now been made, which has the most hit on those companies in which money is transacted.

Quoting The Indian Express, a BCCI source said, “Some representatives of Dream 11 reached the BCCI office and clarified in front of CEO Hemung Amin that he would not be able to continue the sponsorship deal further. Which means that ‘Dream11’ will not be written on the Jersey of the Asia Cup.

According to another official, there will be no penalty when the deal ends quickly. Because a clause was added to the contract, which says that due to any policy brought by the government, the business of sponsor is affected, then it will not have to pay any additional money to the board.

Let us tell you that Dream 11 started about 18 years ago. It emerged as India’s largest online gaming platform. Its brand value has been estimated at about 8 billion dollars i.e. more than 69 thousand crore rupees. BCCI signed a sponsorship deal of Rs 358 crore with Dream 11 in July 2023.

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BCCI charges crores of rupees for any company written in big letters in front of the Indian cricket team’s jersey. The name written on Team India’s jersey is a great honor in itself. But it can be said to be a coincidence that any company who wrote the name of the Indian team, it was surrounded by the difficulties. Now the name of Dream 11 has been added to this list. Actually, the new online gaming bill is also lying on Dream 11 (Dream 11 Online Gaming Bill).

The new online gaming bill has already passed in the Rajya Sabha. After approval from the President, it will turn into a new law. Just after that, Dream 11 will have to cover a boria-bed from India. But before this, Sahara, Oppo Sames became the title sponsor of Team India, earned a lot of profits, but later came to the verge of drowning.

Support- In the 2010s, children playing cricket in the street dreamed of wearing a jersey supporting Team India. His partnership with Team India lasted for about 12 years and India played the final of the 2003 ODI World Cup till 2013, won the 2007 T20 World Cup, also won the 2011 ODI Cup. All these Indian players got wearing Sahara Jersey, despite all this, Sahara Company started moving towards collapse gradually.

Star India- It was the time of 2014-2017 when ‘Star’ was written in big letters on the Indian team’s jersey. This was the same period when Virat Kohli took over the captaincy of the Test team. Team India was doing well, but the Star India -owned company Walt Disney was accused of misusing the market dominance. From here, the dominance of the star was reduced, that is why he had to do it from Jio to partnership to stay in the market.

Oppo- The mobile company Oppo came into the limelight when it signed a deal of Rs 1079 crore with BCCI. This Chinese company was starting to suffer loss due to the title sponsor of the Indian team, due to which it had to end the contract in between. The partnership of BCCI and Oppo lasted till 2017-2020. It was difficult for the company to bear the expenses of sponsorship.

Byzu- Who is not aware of the story of Bayju, which could last about 2 years on Team India’s jersey. In the year 2022, the value of Byju’s company was estimated at $ 22 billion, but the company came to know the true meaning of the ‘Arsh to the floor’, when the company’s value came from billions of dollars to 0. Bayju’s condition had become so bad that BCCI had to knock the door of the tribunal to recover the dues from him.

Dream11- Now the number is of Dream 11, which is considered to be damaged due to the new online gaming bill. About 4 years ago, Dream 11 was accused of theft of GST tax, which tarnished the image of the company. At the same time, due to the online gaming bill, all the operations of Dream 11 can be closed in India and the company’s name can be removed from the Indian team’s jersey.

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