ICC supports cancellation of NZ-Bangla Test

Agencies
March 15, 2019

Dubai, Mar 15: The International Cricket Council (ICC) on Friday said it "fully supports" the cancellation of the third Test between New Zealand and Bangladesh in Christchurch after the visiting side had a narrow escape from a shooting attack at a mosque there.

The attack on the Masjid Al Noor mosque in Hagley Park killed several people, the media in New Zealand reported.

The Bangladesh team, which was about to enter the mosque to offer prayers, escaped unscathed but the prevailing situation led to the authorities calling off the third and final Test match starting Saturday. The match was the tour finale for the visitors.

"Our thoughts and sincere condolences go out to the families and friends of those affected by this horrendous incident in Christchurch. Both teams, staff and match officials are safe and the ICC fully supports the decision to cancel the Test match," ICC Chief Executive David Richardson said.

New Zealand Prime Minister Jacinda Arden said the attack was an "unprecedented act of violence" and "one of New Zealand's darkest days".

"This is significant and I can tell you now this is and will be one of New Zealand's darkest days. I would describe it as an unprecedented act of violence, an act that has absolutely no place in New Zealand. This is not who we are," she said.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.