Dhoni in Rs 26cr deal with Vijay Mallya's UB Group
Ratna Bhushan, ET Bureau, Dec 3, 2010, 10.56am IST
NEW DELHI: MS Dhoni is the new king of good times. The swashbuckling captain of the Indian cricket team has just signed the biggest endorsement deal for an Indian sportsperson — with Vijay Mallya's UB Group, valued at more than Rs 8 crore a year.
Dhoni has signed a three-year endorsement deal with the country's largest spirit maker for Rs 25-26 crore, two officials in direct knowledge of the deal told ET.
"UB plans to activate the deal just before the Cricket World Cup kicks off in February," one of the officials said on condition of anonymity.
India is co-hosting the world cup along with Sri Lanka and Bangladesh, and corporates are scrambling to associate with the event as well as top Indian cricketers to make the most of the cricket craze in India.
The deal puts the Indian captain at par with Bollywood superstar Shah Rukh Khan in the endorsement space, just behind Aamir Khan, who early this year signed a record Rs 30-crore deal with telecom operator Etisalat.
Dhoni will be associated with McDowell's soda, the officials said. But it is an integrated deal that will go beyond brand endorsements , they added.
A UB Group spokeswoman said, "Yes, a deal has been signed between the UB group and the India captain MS Dhoni." She, however, refused to disclose financial or other details of the deal. A formal announcement by the UB group is expected in January .
The deal has been inked through the Arun Pandey-promoted talent management and entertainment firm Rhiti Sports Management, which recently signed a Rs 210-crore contract with Dhoni to manage all his endorsements , brand associations, patents and digital rights, images , visibility on social networking sites and merchandise for three years. Pandey could not be reached for comment.
Dhoni, who led India to victory in the 2007 World Twenty20 championship, was rated the world's highest paid cricketer by Forbes magazine last year ahead of master batsman Sachin Tendulkar . The Indian captain had earned $10 million last year.
Dhoni signed the deal with Rhiti Sports after calling for pitch from six talent management firms including IMG, Percept, PMG Sports, World Sport Group, Purple People and Planman Consulting.
Rhiti Sports, along with a joint venture with Mindscapes One, has offered a minimum guarantee of Rs 210 crore to the cricket captain in three years.
Experts in the talent management space believe this is achievable because, besides being immensely popular across the country and a huge success as Indian captain, Dhoni has an image of being a celebrity who is professional on the sets.
Before the UB deal, Dhoni's most expensive deal was with Reebok for close to Rs 29-30 crore for a 5-year period, which makes it about Rs 6 crore a year.
He is associated with 22 brands including footwear and apparel major Reebok, beverages and snacks company PepsiCo, real estate group Amrapali, telecom company Aircel and Future group's Big Bazaar retail chain.
He had been also associated with UB's rival spirits maker Pernod Ricard India (earlier Seagram ).
Maxx Mobile signs Dhoni for Rs 29 core
8th Dec 2010
Last week Dhoni signed a Rs 26 crore deal with UB Group
New Delhi: One of the newest entrant to the Indian mobile handset market, Maxx Mobile on Wednesday roped in Indian cricket team captain Mahendra Singh Dhoni for an endorsement deal worth Rs 29 crore.
The deal is for a period of seven years starting from January 2011. But many in the industry circle feel that the periodicity of the contract is bit long as Dhoni is 29 year old now. Will he be the same force to reckon with at 36? Not every cricketer is Sachin Tendulkar, after all.
The flamboyant Indian skipper had signed a similar kind of endorsement contract worth Rs 26 crore with Vijay Mallaya owned UB Group last week. The deal is for a period of three years.
Riding high on Dhoni's popularity and with more than 45 handset models at the shelves, Maxx Mobile is expecting to capture a market share of 10 per cent by 2012. The company said that it has already sold more than a million phones in the Indian market in just two years.
As part of the deal, Dhoni will be associated with multiple marketing initiatives planned by Maxx Mobile to promote the brand. The deal includes print and television advertising, outdoor campaigns, promotional events and mass engagement programmes across India.
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