A clean sweep of Sri Lanka will perch India to top

July 20, 2012

indsril

Dubai, July 20: There's a lot at stake in India's one-day series against Sri Lanka beginning July 21 as Mahendra Singh Dhoni's men have the chance to regain the number one spot if they clean-sweeps the five-match rubber.

India, who are at fourth spot in the Reliance ICC ODI rankings, last held the number one position briefly in September 2009 but if it achieves a clean sweep against Sri Lanka, Dhoni's side will unseat current table-toppers Australia.

The series, which starts in Hambantota on July 21, brings together the finalists in the World Cup 2011, held in Mumbai in April last year. India won that match by six wickets to lift the trophy for the first time in 28 years.

After years of domination by Australia, the Reliance ICC ODI Team Rankings table is now extremely tight after Michael Clarke's team suffered a 4-0 defeat in England recently.

Only two rating points separate the top four teams with South Africa and England sandwiched between Australia and fourth placed India.

Sri Lanka-India series again utilizes the three grounds which are a legacy of the World Cup 2011. The first two ODIs are in Hambantota, followed by two at the Premadasa Stadium in Colombo with the final match in Pallekele on August 4.

At the conclusion of the series, the ICC will publish the annual update of the table which will discard the results of ODIs played prior to August 2010.

Reliance ICC ODI Team Rankings: 1. Australia (119); 2. South Africa (118); 3. England (118); 4. India (117); 5. Sri Lanka (112); 6. Pakistan (103); 7. West Indies (87); 8. New Zealand (83); 9. Bangladesh (67); 10. Zimbabwe (46); 11. Ireland (36); 12. Netherlands (15); 13. Kenya (8).



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News Network
March 22,2024

IPL.jpg

The start of the world’s most lucrative cricket tournament in India is presenting investors with another big opportunity to cash in on the sport, months after the world’s most populous nation hosted the Cricket World Cup.

The eight-week long Indian Premier League begins March 22 for its 17th season. Since its inception, the fast-paced cricket tournament has become a corporate juggernaut to rival the National Football League in the US and the English Premier League in value.

Just as October’s Cricket World Cup boosted consumption in India for months, fans are expected to flock to restaurants, pubs and food delivery platforms over the duration of the tournament. This year’s IPL also coincides with general elections that will last for six weeks starting April 19, a period when companies are expecting higher food and drink sales as people flock to rallies and other events.

“There’s going to be a lot of spending,” said Madan Sabnavis, chief economist at Bank of Baroda. “IPL, as well as the election, gives a three-month corridor with enhanced economic activity.”

Stocks in India such as McDonald’s franchise operator Westlife Foodworld Ltd. and peer Sapphire Foods India Ltd. gained ahead of the first match on Friday, as well as hotels and beverage makers. Packaged-food companies could also stand to benefit from the IPL craze, said Sachil Bobade, an analyst at investment firm Dolat Capital Market.

The IPL ecosystem was valued at $11 billion (Rs 91,721 crores) in 2023, including the value of media rights and sponsorships, according to Indian valuation consulting firm D&P Advisory.

The league is also attracting record sums of money from sponsors and broadcasters. Conglomerate Tata Group won the title sponsorship rights of the tournament in January for a record 25 billion rupees ($300 million). Billionaire Mukesh Ambani’s media venture secured the digital streaming rights in 2022 for five years for $2.7 billion, while Walt Disney Co. paid roughly the same for TV rights.

“There was a serious amount of bidding even this year,” said Vinit Karnik, head of entertainment, esports and sports at media agency GroupM South Asia. “I see growth in IPL in double digits year-on-year,” he adds.

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