Paralympics: World body to lift Russia ban, with conditions

Agencies
February 8, 2019

Feb 8: The International Paralympic Committee (IPC) said on Friday that it would lift the ban on Russia's Paralympic Committee by March 15, under certain conditions.

Russia has been barred from international Paralympic competitions since August 2016, over allegations of state-sponsored doping similar to the ones that led to the suspension of its athletics federation and anti-doping agency.

The IPC said that the Russian Paralympic Committee (RPC) had met 69 of the 70 reinstatement criteria outlined in 2016.

"In August 2016 the IPC suspended the RPC because it was necessary and proportionate to the situation we faced and essential to ensure clean sport," IPC President Andrew Parsons said in a statement.

"Twenty-nine months later it is the IPC Governing Board's firm belief that keeping the RPC suspended is no longer necessary and proportionate to the situation we now face in Russia," he further said.

The one reinstatement condition that has not been met is "an official response adequately addressing the findings made by Professor McLaren", said the IPC.

A two-part WADA-commissioned report by Canadian lawyer Richard McLaren in 2016, found evidence of state-sponsored doping scheme across several sports and at 2014 Winter Olympics in the Russian city of Sochi.

The report led to the ban against the Russian Paralympic Committee and saw dozens of Russians banned from competing at the 2016 Rio Olympics.

Parsons said that upholding the RPC's suspension on the grounds of Russian authorities' refusal to accept the McLaren Report "does not seem right."

The IPC said that it would publish post-reinstatement criteria for the RPC that set out requirements for it to keep its conditional reinstatement.

The requirements will include Russian anti-doping agency RUSADA remaining compliant with World Anti-Doping Agency (WADA) regulations.

It added that Russian Para athletes will only be allowed to participate in certain competitions, including the 2020 Tokyo Paralympics and the 2022 Beijing Paralympics, "if they have met the specified testing requirements".

RUSADA, which was also suspended in the wake of the scandal, was reinstated last year, angering sports bodies around the world.

In January, WADA decided not to suspend RUSADA despite Moscow missing a deadline to hand over laboratory data.

Russia's athletics federation remains suspended over evidence of systematic and state-sponsored doping.

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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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