Hero ends IPL sponsorship a year early

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In the same week it expanded sponsorship of field hockey in India, motorbike manufacturer, Hero Motocorp has announced it will end its sponsorship of cricket in the country.

Hero signed as a major sponsor of the Mumbai Indians IPL team two seasons ago and will exit the deal a year early.  The deal was said to be worth $15 million and was one of the largest IPL sponsorships.

A spokesperson from the company said that the decision to not continue as a major sponsor of the Mumbai Indians will not diminish its commitment with cricket as a sport.

 
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