Resigned in best interest of Delhi cricket: Virender Sehwag

Agencies
September 17, 2018

New Delhi, Sept 17: Former India opener Virender Sehwag Monday said he resigned from the Delhi and Districts Cricket Association's cricket committee keeping the body's interests in mind.

Sehwag, along with committee members Aakash Chopra and Rahul Sanghvi, had recommended the retention of Manoj Prabhakar as bowling coach but it wasn't ratified by the management.

It couldn't be confirmed if that was the trigger for Sehwag's resignation.

However, as per DDCA sources the trio's resignation was accepted because the state body will submit a new constitution as per Supreme Court orders in the next two days and fresh panels need to be appointed.

When Sehwag was asked whether Prabhakar's non-appointment led to his resignation, he gave an open-ended reply.

''We had come together and given time and effort with the idea of contributing and helping in the improvement of Delhi cricket within the framework of our role as a cricket committee," Sehwag said.

''However, looking at the best interest of Delhi Cricket, we would like to inform you that all three of us would not be able to continue with the assignment of Cricket Committee of DDCA any further due to our busy schedule in day to day life," he added.

It is believed that skipper Gautam Gambhir is against Prabhakar's appointment as he had been named in the 2000 match-fixing scandal.

"Gautam has always followed this principle that he doesn't want anyone remotely involved in malpractice like match-fixing to be a part of Delhi dressing room," a DDCA official said on condition of anonymity.

"However, it is wrong to say that Sehwag and Gambhir had a tiff on Prabhakar issue as the latter was special invitee to the panel."

"After the new constitution is adopted, Sehwag would have been hit by Conflict of Interest clause as he is an expert in the DDCA president's channel. Similarly, Sanghvi is associated with Mumbai Indians. So, they knew they had to go," the official said.

However, when asked why Gambhir didn't protest in 2007-08 when Delhi won RanjiTrophy and Prabhakar was the bowling coach at that time or for that matter last year, the official known for his proximity to Gambhir gave a different reply.

"In both cases there was nobody who would have listened to Gambhir. If you look at 2016 season, Ajay Jadeja was appointed coach and as a captain he had to put his foot down. No alleged match-fixer in the dressing room of which he is a part," the official said.

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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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