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

Yuzvendra Chahal's cryptic post sparks buzz amid divorce rumours

Indian cricket fans were left in shock and speculation as the Indian spinner Yuzvendra Chahal known for his on-field antics and social media charm, shared a mysterious post amid swirling rumours about his marriage to choreographer and YouTuber Dhanashree Verma. The couple, who got married in December 2020, now find themselves under the spotlight for all the wrong reasons. Yuzi and Dhanashree: Trouble in Paradise? Fans first sensed trouble when both Chahal and Dhanashree unfollowed each other on Instagram—a move that has often spelled doom for celebrity relationships. In a more dramatic twist, Chahal went a step further and deleted all his photos with Dhanashree from his profile. While Dhanashree still has a few pictures with the cricketer on her account, her decision to unfollow him added fuel to the fire. Reports suggest that the couple has been living separately for the past three months, with whispers of irreconcilable differences growing louder. Though neither Chahal nor Dhanashree...

IPL 2025: Rajasthan Royals to Welcome Rahul Dravid as New Head Coach

Rahul Dravid prepares to take on the head coach role for Rajasthan Royals in the IPL 2025 season.  The 52-year-old, who recently coached India to their T20 World Cup triumph in 2024, is set to return to the Royals, a team he captained in 2012 and 2013 and mentored until 2015. Dravid's connection with the Royals runs deep. His leadership during his playing days and subsequent mentorship laid a strong foundation for the franchise. His return as head coach brings a wealth of experience, especially after his successful stint as India's head coach, where he was instrumental in guiding a new generation of cricketers. The move is strategic for the Royals, who are looking to build on their past successes with a strong focus on player development and retention ahead of the upcoming IPL auction. Dravid will reunite with Sanju Samson, whom he mentored during his earlier stint, and who will continue as the team's captain. Kumar Sangakkara will maintain his role as Director of Cricket b...

Punjab Kings step up to acquire Ricky Ponting for IPL 2025

Ricky Ponting is reportedly close to signing a deal with Punjab Kings ahead of IPL 2025, as per Cricbuzz. Having recently parted ways with Delhi Capitals, where he served as head coach for seven seasons, Ponting is expected to bring a wealth of experience and tactical expertise to Punjab. During his tenure with Delhi, Ponting guided the franchise to three consecutive playoff appearances from 2019 to 2021, including their first-ever IPL final in 2020.  However, recent struggles led to his departure earlier this year. Punjab Kings, eager to revamp their team after several lacklustre seasons, are eyeing Ponting as the potential game-changer they need. Punjab Kings, who are yet to claim an IPL title since their debut in 2008, last came close in 2014 as runners-up. With Ponting’s proven track record, fans are hopeful that his leadership could finally steer the franchise towards their maiden trophy.  Though official announcements are awaited, Ponting’s arrival could be pivotal for P...