"The IPL title sponsorship right has been assigned to M/S Vivo mobiles. Vivo is to give the Bank Guarantee in next ten days," the BCCI said in a statement announcing decisions taken at its all-powerful working committee meeting.
Senior advocate Harish Salve, appearing for Cricket Association of Bihar(CAB), on whose plea apex court had directed probe in IPL-6 betting and spot fixing scandal, said the stand taken by Srinivasan and India Cements that Meiyappan was just a cricket enthusiast was to cover him up and the IPL franchise in the scam.
Rajasthan Royals player Sreesanth and his teammates Ankeet Chavan and Ajit Chandila were among 39 charged on Tuesday in the scandal, which has shaken the Indian cricketing world.
Beleaguered Board of Control for Cricket in India (BCCI) president N. Srinivasan stood down on Sunday in the wake of the spot-fixing scandal that has hit the game and led to the arrest of his son-in-law last month.
The Board of Control for Cricket in India (BCCI) will probe allegations of corruption in the lucrative Indian Premier League following allegations made by a local television channel.