Pakistan favourite to win Twenty20 World Cup, says Wasim Akram

August 25, 2012

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Karachi, August 25: Former captain Wasim Akram has picked Pakistan as one of the favourites to win the Twenty20 World Cup beginning next month in Sri Lanka.

Akram said the Pakistan side possessed the talent to win the tournament to be played from September 18 to October 7.

"Pakistan are favourites. Players like Imran Nazir and Abdur Razzaq have the ability to turn a match on its head and there is no reason why Pakistan can't do well. They also have a very good chance against Australia in the upcoming series in the UAE," Akram said in Australia on the sidelines of the U-19 World Cup.

However, the former left-arm fast-bowler also advised the team's batsmen to adopt a more aggressive and positive approach after having witnessed them in their recent series in Sri Lanka.

"At times, I thought I was watching a Test match. They need to maintain a strike-rate of over 130 and a boundary should be followed by singles to keep the scoreboard moving. Their approach needs to become more adventurous if they want more success in the format," he said.

Pakistan reached the final of the inaugural Twenty20 World Cup in 2007 to lose to India but won the next edition held in England in 2009.

The former all-rounder also made it clear that he has no intentions or the time to work in a full-time capacity as a coach with the national team.

"I am enjoying life and have to give time to my children. Between my commitments with the KKR and television commentary, I really don't have much time left for full-time commitments," he said.

"But during a meeting with PCB official Intikhab Alam, I informed him that I am available in November and want to hold a camp for young fast bowlers in Karachi. I am keen to work with under-19 and Pakistan 'A' team players," he added.

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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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