Skip to main content

Ashes sponsor terminates CA over ball-tampering incident

Magellan Financial Group - a major sponsor of Cricket Australia has terminated a three-year deal after a ball-tampering scandal continues.

The deal estimated at $20 million when it was signed in August 2017, with the company having naming rights sponsorship of domestic Test matches just one summer into the three-year deal.


David Warner was the mastermind behind the scandal which has seen him, skipper Steve Smith and Cameron Bancroft hit with long-term bans.

Sports apparel maker Asics Corp had also terminated sponsorship contracts with both Warner and Bancroft.
Australia's vice-captain Warner and Smith have been banned from international as well as domestic cricket for 12 months and opening batsman Bancroft for nine months by Cricket Australia over the ball-tampering scandal during the third Test in South Africa.

Hamish Douglass, chief executive of the company, said: “Regrettably, these recent events are so inconsistent with our values that we are left with no option but to terminate our ongoing partnership with Cricket Australia.

“We were delighted with the recent Magellan Ashes Series sponsorship and it is with a heavy heart that we have to end our partnership in these circumstances.”
Warner and Smith had already lost their captaincy for the Sunrisers Hyderabad and Rajasthan Royals respectively before their punishment was announced, and the Indian Premier League had since confirmed both players would be banned “with immediate effect from participation” in the world's most lucrative Twenty20 tournament this year.

Comments

Popular posts from this blog

IPL 2023: Mumbai Indians secures third consecutive victory

In a remarkable display of their prowess on the field, the Mumbai Indians have clinched their third consecutive triumph, leaving their opponents in the dust. As the dust settles, it's worth noting that the formidable Faf du Plessis and Yuzvendra Chahal have once again held their ground, steadfastly maintaining their positions as the most outstanding performers of the season so far. Truly, these two have proven time and again that they are forces to be reckoned with on the cricket pitch. The Mumbai Indians have did it again, securing their third consecutive win in style by overcoming the Sunrisers Hyderabad in a pulsating encounter at the Rajiv Gandhi International Stadium. MI showed their class by posting a challenging 192/5. With such a formidable target to chase, the SRH needed a strong start, but the MI bowlers had other ideas. Jason Behrendorff, in particular, was in menacing form and claimed two crucial wickets to set the tone. Despite valiant efforts from some of their top-o

England appoints David Saker as the fast bowling coach for the Ashes and World Cup.

The 56-year-old Australian, David Saker has been announced as England's fast bowling coach for the much-anticipated Ashes series. This won't be the first time Saker has worked with the England team, having been part of the coaching staff during the 2010-11 Ashes triumph Down Under. His wealth of experience and expertise will prove invaluable to the English fast bowlers as they prepare to take on the fierce Australian batting line-up on their home soil.  Saker's previous stint with the team saw him play a pivotal role in England's historic Ashes victory, and the team will be looking to him once again for guidance and direction. But that's not all - He has also been entrusted with the responsibility of leading England's fast bowling attack in the upcoming 50-over World Cup , which is set to take place in India later this year. The stakes are high as the team looks to defend its title, and Saker's proven track record will be crucial in helping the team achiev

IPL 2023: Jason Roy joins Kolkata Knight Riders

Kolkata Knight Riders (KKR) have announced the signing of England’s batsman Jason Roy for IPL 2023.  The 32-year-old had previously played for the team in the 2017 and 2018 seasons. The Knight Riders have acquired him for INR 2.8 crore, which is above his base price of INR 1.5 crore. KKR have lost two of their star players. Shreyas Iyer, who was meant to lead the team, has been sidelined from the tournament due to a lower back injury. Meanwhile, Shakib Al Hasan has pulled out due to personal reasons.  But in the midst of all this turmoil, KKR have made an exciting acquisition by bringing in Jason Roy. The right-handed batter is expected to make valuable contributions to his team in the upcoming fixtures.