PV Sindhu signs Rs 50 crore deal with Li Ning

PV Sindhu signs Rs 50 crore deal with Li Ning
P V Sindhu showcases a creation by designer Misfit Panda at the Lakm Fashion Week (LFW) Summer Resort 2019, in Mumbai on February 3, 2019. AFP
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Hyderabad: Olympic and World Championship silver medallist P V Sindhu has signed a four-year sports sponsorship deal to the tune of a whopping Rs 50 crore with Chinese sports brand Li Ning.

The record deal comes after K Srikanth was offered a cool Rs 35 crore over a period of four years by the company last month.

"Sindhu's deal is one of the biggest in world badminton. It is close to Rs 50 crore for sponsorship and equipment," Mahender Kapoor, director, Sunlight Sports Pvt Ltd, the multi-national exclusive partner of Li-Ning in India, told PTI.

"It will be a deal which is very close to Puma's deal with Indian cricketer Virat Kohli in terms of yearly sponsorship. Sindhu will get Rs 40 crore as sponsorship while the rest will be for equipment, so it is close to Rs 50 crore," Kapoor claimed.

Sindhu, who rose to stardom after becoming the first Indian woman to win a silver medal at the Rio Olympics, was listed as the world’s seventh-highest paid sportswoman on the Forbes list last year.

This is Li-Ning's second stint with Sindhu, who was with them for two years in 2014-15 for a sum of Rs 1.25 crore a year. In 2016, Sindhu was back with Yonex for a Rs 3.5 crore per year contract for a period of three years.

Li-Ning also roped in men's doubles pair of Manu Attri and B Sumeeth Reddy for a deal of Rs 4 crore each for two years, while former Commonwealth Games champion Parupalli Kashyap has been offered a Rs 8 crore deal for two years.

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