Mumbai Indians close to signing up record sponsorship deal

Mumbai, Mar 12 (PTI) Indian Premier League franchise team
Mumbai Indians is close to finalising a record sponsorship
deal with Idea Cellular worth between USD 2 and 3 million.

"We have almost finalised the deal. It's the biggest in
IPL (so far)," a spokesperson for Mumbai Indians told PTI.

The MI spokesperson said that the deal, if and when
signed, would be worth USD two million for preliminary matches
played by the team and would rise to USD three million for the
semi finals and final in case the team progresses that far.

However, a spokesperson for Idea said it was too early to
give details about the proposed deal with Mumbai Indians.

"We are still at the negotiation stage and it's premature
to talk about figures", he said.

Meanwhile, the Reliance Industries-owned IPL team is
continuing its negotiations with the Cricket Club of India to
play all its home matches at the Brabourne Stadium, the MI
spokesperson explained.

"We are still in talks with the CCI authorities and the
response has been quite positive. We don't want to say
anything more at this juncture", he said.

If the talks are successful, MI would play all their
seven home matches at the Brabourne Stadium in South Mumbai.

In 2008 their home matches were split between the
Wankhede Stadium and D Y Patil Stadium in Navi Mumbai.