IPL chairman Brijesh Patel confirmed that Dream 11 would be the title sponsors for this edition of the Indian Premier League. However, the ire towards Dream 11 seems to stem out of the confusion that it is owned by the Chinese. All 400 plus employees working in Dream 11 are all Indian and their Indian investors are Kalaari Capital and Multiples Equity. Whatever profits Dream 11 might get from the title sponsorship as well as through the broadcast might benefit Tencent as well this year. But the presence of Tencent in the Dream 11 set-up makes the suspension of the Vivo deal very awkward.

Source: dna August 18, 2020 18:22 UTC