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Developer Tatu City sets up cricket youth hub

By The Cricket Investor Team    |    Posted: July 20, 2017

Kenyan based Tatu City, a leading African urban developer, has partnered with the Foundation for Youth Cricket and Education (FYCEK) to set up a cricket hub at Tatu Primary School. As part of its long-term commitment to improve and develop sports by nurturing talent at the grassroots level the hub will provide cricket and life skills to children attending Tatu Primary School, with the possibility of being extended to other schools in the area in the near future. FYCEK has already started training over 200 students at the school in timetabled physical education classes during term time. They will also arrange training during the school holiday in August, and will continue sessions during the November-December holiday period. The training program will last eight weeks in total and involve a minimum of 50 students. In the future, inter-school cricket tournaments will be arranged, sharpening skills acquired through the training and fostering a competitive spirit among the participants. Speaking at the sponsorship announcement ceremony, Tito Oduk, Commercial Sales Manager for Tatu City said, "The partnership is in keeping with our commitment to ensure that we are not only building a city for the future, but also encouraging our youth in the neighboring community to be responsible citizens."


Originally sourced from: Kenya; additional content by Cricket Investor



ITW acquires advertising rights to Sri Lankan Series

By The Cricket Investor Team    |    Posted: July 11, 2017

Indian sports management company ITW has acquired title rights, on-ground and in-stadia advertising rights from Sony Pictures Networks India Private Limited for the Sri Lanka Cricket Series 2017. ITW Consulting already will cover five ODIs and one test match under Sri Lanka v/s Zimbabwe series from 23rd June to 9th July 2017, but soon after India will tour Sri Lanka for three test matches, five ODIs and one T20 under Sri Lanka v/s India Series from 23rd July till 6th September 2017, respectively. M.S. Muralidharan, director, ITW Consulting commented on the partnership: “We are one of the new generation companies and are delighted to partner with Sony Pictures Networks India (SPN) for these two series. With nearly 15 matches scheduled over the series, we are sure that we will be able to build strong and strategic brand associations that will be fruitful for both, the brands and cricket fans.” The series will be telecast by the official live broadcasting partner, Sony Pictures Networks India on Sony SIX and TEN 3 channels and will be livestreamed on SonyLIV.


Originally sourced from: Cricket Sri Lanka; additional content by Cricket Investor



Hyderbad Cricket amends constitution to accept Lodha reforms

By The Cricket Investor Team    |    Posted: July 02, 2017

Members of the Hyderabad Cricket Association (HCA) on Sunday, 2 July decided to amend the HCA byelaws in tune with the Lodha Committee recommendations in pursuance with the Supreme Court judgement dated July 18 last year. The recommendations were accepted at the Special General Body Meeting held at the Rajiv Gandhi International Cricket Stadium. “This makes HCA the third Association in the country — after Tripura and Vidarbha — to adopt the Lodha reforms in toto,” HCA secretary T. Shesh Narayan said. Among the prominent amendments are restructuring of the governing body from 22 to 9 seats; no post in the Association to be held for more than nine years with a three-year cooling off period after each term (three years); inclusion of players representatives (one male and one female) being nominated to the Apex Council by respective player associations; a nominee of the Comptroller and Auditor General/ state Accountant General on the Council; automatic membership for international players — men and women — hailing from the state; no proxy voting; age limit of 70 years to run for office; ministers, government servants and those holding posts in other sports associations being barred from contesting; construction of stadia in each district of the state; an audit report which includes expenditure made for development of the game.
 


Originally sourced from: BCCI; additional content by Cricket Investor



Minister demands Dalit cricket quotas

By The Cricket Investor Team    |    Posted: July 02, 2017

Union Minister of State (MoS) for Social Justice and Empowerment, Ramdas Athawale, asserted that he will speak to MoS for Youth Affairs and Sports, Vijay Goel, demanding reservation for 'Dalits' in sports, particularly cricket. Asserting that Dalit sports personnel should get fair opportunities in the field of sports, the Union Minister said he will move ahead with his demand. The minister has also claimed that foul play was behind the Indian Cricket Team's defeat against Pakistan in the recently-concluded ICC Champions Trophy, and said that an 'inquiry' should be done in this regard. 


Originally sourced from: BCCI; additional content by Cricket Investor



Failure to agree deal puts series in doubt

By The Cricket Investor Team    |    Posted: July 02, 2017


Australian cricket players will boycott an Australia A tour of South Africa this month unless a new pay deal is agreed by Cricket Australia (CA), the Australian Cricketers' Association declared at an emergency meeting held in Sydney on Sunday, July 2. The ACA decided to take action for the tour beginning on July 12 unless a new Memorandum of Understanding (MOU) was signed by Friday June 30.  There has been a suggestion that players could be subcontracted to Cricket Australia to rescue series, including the Ashes, if the damaging pay crisis threatens the home summer of cricket. Australian Cricketers' Association (ACA) head Alistair Nicholson described the impasse in relations with the governing body as a "significant watershed moment" for the game, on a par with the World Series Cricket split of 1977. He was flanked at a press conference by Australian batsman Usman Khawaja, who is due this week to lead an Australia A squad in a series in South Africa that will almost certainly now be the first victim of the dispute, with players resolving to abandon it and August's Test campaign in Bangladesh in the absence of a new pay deal.




Originally sourced from: CA; additional content by Cricket Investor



Finance Minister urges BCCI to act

By The Cricket Investor Team    |    Posted: July 02, 2017

The prospect of the BCCI adopting the Lodha Committee recommendations is now stronger as Arun Jaitley, the Indian finance minister, has asked the Board of Control for Cricket in India (BCC) to not confront the Supreme Court about adopting the Lodha Committee reforms. On Saturday, 1 July in a meeting with members of the BCCI's special committee – formed to identify the "critical points" in the implementation of the Supreme Court order - Jaitley asked them to focus on presenting the "three or four major" recommendations. The committee's brief is to prepare a shortlist of recommendations the BCCI does not agree with, which can then be presented in the court with a request to reconsider them.

The court is scheduled to reconvene on July 14 to discuss the BCCI’s position. Attendees at the Saturday meeting included Amitabh Choudhury (BCCI secretary), Anirudh Chaudhry (BCCI treasurer), Rajiv Shukla (head of the committee) and Jay Shah (one of the seven members of the committee). Although Jaitley is not directly involved with cricket anymore, his vast tenure as an administrator in the past (he was BCCI vice-president and president of the Delhi & District Cricket Association) combined with him being a major politician makes his views significant. Past BCCI presidents like N Srinivasan, Shashank Manohar and Anurag Thakur have consulted Jaitley at various times in the last decade over cricketing matters.

According to a BCCI insider, the three major Lodha Committee recommendations that the committee had already shortlisted, which it wants the court to reconsider, were: one-state-one-vote, a three-man selection committee, and having a three-year cooling-off period for an office bearer after every term of three years. In its first meeting, also held on Saturday morning, the committee debated the cooling-off period and felt that an office bearer should serve a nine-year term without any breaks. Even Jaitley, the BCCI insider said, agreed the cooling-off recommendation ought to be reconsidered by the court.

At the BCCI's special general meeting last month, some of the BCCI state associations had strong reservations against the age-cap of 70 for an office bearer as prescribed by the Lodha Committee. But Jaitley did not find any fault with that recommendation. "He said that cap is good enough because that limit has been placed only on office bearers, not on nominees, representatives etc." The committee is likely to prune down the final list of recommendations for reconsideration at its next meeting, scheduled for July 7 in Mumbai. Those recommendations would then be presented at the BCCI SGM, which will be held before the court hearing on July 14.






Originally sourced from: BCCI; additional content by Cricket Investor



Live Cricket Returns to BBC

By The Cricket Investor Team    |    Posted: July 02, 2017

The English Cricket Board (ECB) has announced that Sky Sports will remain its main broadcast partner for live games over the period 2020-24 despite a challenge from BT. Sky, the ECB’s exclusive partner since 2006 will now share the rights with the BBC. Sky will launch a standalone cricket channel as the company reorganises its offering to customers which made winning this round of cricket rights vital for its position in the market.
 
Sky still has another two years to run on its current deal with the ECB and the new contract does not begin until 2020 when it will have to share live coverage with a rival broadcaster for the first time since 2005.The new broadcast deal estimated to be worth £1.1 billion over the five-year period, is a significant increase in the value of cricket rights.
 
The return of the BBC to live cricket broadcasting shows the importance of the sport’s need to re-engage with a wider audience. The BBC will broadcast two men's and one women's T20 internationals per year from 2020, as well as ten matches from the ECB's new domestic T20 competition, and eight from the women's. They have also extended their radio broadcasting deal, and secured primetime evening highlights and digital clip rights.
 
The BBC's bid presentation to the ECB was led by Lord Hall, the director general, and this week the corporation submitted a 100-page document to the ECB detailing its financial offer and wider reach it can offer the game. It is likely the BBC was outbid by other free-to-air rivals but they cannot compete with the corporation’s combined audience across its channels.  
 
Colin Graves, ECB Chairman, said: “It is vital that the game now takes time to plan ahead and invest strategically in all the right places. The ECB Board will lead on this, working closely with all of our stakeholders at every level of the game.  The professional players – the men and women who entertain us, inspire people to play and draw us to the grounds - will rightly be part of these conversations.”
 
BT will show live England cricket this winter when England play in Australia and will continue to look at picking off overseas tours, International Cricket Council events or the Indian Premier League, as it gradually expands its cricket portfolio. BT was a serious bidder and drained more money from Sky’s budget by forcing up the value of the cricket rights through introducing competition into the cricket market which has been stagnant for more than a decade. For Tom Harrison, the ECB chief executive, returning cricket to the BBC and persuading the counties to agree to the launch of a new Twenty20 competition are two big achievements.
 
 


Originally sourced from: ECB; additional content by Cricket Investor



World Sports Betting sponsor Cape Cobras

By The Cricket Investor Team    |    Posted: June 27, 2017

The Cape Cobras has announced that World Sports Betting (WSB) will be the new title sponsors of the franchise over the next three years. WSB offers online, mobile, tele-bet and in-store betting on a wide range of sports including Cricket, Horse Racing, Soccer, Rugby, Golf, Motorsports and are the top Cricket Sportsbook in SA, offering hundreds of pre-match and live-in-play markets on all major matches. Warren Tannous, Chief Executive Officer of WSB, said the now named World Sports Betting Cape Cobras “have been the conveyor belt of some of the best players to ever play cricket” with “a track record of winning eight franchise titles since 2004 and being the second best in terms of trophies won during the past 13 years.”


Originally sourced from: CSA; additional content by Cricket Investor



ECB in broadcast discussions for new Twenty20 tournament

By The Cricket Investor Team    |    Posted: June 27, 2017

The English Cricket Board (ECB) has held talks with various broadcasters during the past month and will now take final bids for the proposed deal for the new Twenty20 tournament by 10am on Wednesday 28 June. The tournament will run from the launch of the tournament in 2020 until 2024, Sky and BT are expected to acquire most of the broadcast rights and, according to press reports, the bidding war between the two is expected to push the agreement past the £1bn level. This would benefit the BBC, which could see a lower asking price for the 12 Twenty20 fixtures which have been promised to free-to-air television, but it is expected to face competition from ITV, Channel 4 and Channel 5. Tom Harrison, chief executive of the ECB, also wants to expand the appeal of the sport to new audiences and would welcome Facebook’s expected bid for short highlight clips. The ECB has spoken openly of its desire to see live cricket return to the BBC following an 18-year absence, which has resulted in a decline in viewing figures and hurt the value of the sport. Roger Mosey, former director of sport at the BBC, said the ECB’s decision to sell Sky the exclusive broadcast rights back in 2006 was short-sighted. Mosey argued that the BBC was better positioned to maximise the coverage of cricket given it had radio, online and TV at its disposal. The ECB is eager to broaden the appeal of cricket.


Originally sourced from: ECB; additional content by Cricket Investor



200 Top Cricketers Face Unemployment

By The Cricket Investor Team    |    Posted: June 27, 2017

Australia’s top cricketers face unemployment by Friday, June 30 unless the pay dispute is solved. Over 200 cricketers face being locked out unless a new memorandum of understanding (MoU) is struck between Cricket Australia (CA) and the Australian Cricketers' Association (ACA), with the current agreement set to expire. ACA president Dyer said players and Cricket Australia remained "a long way apart" on basic issues and the union was preparing its members for unemployment. The fundamentals of the deal are nowhere near to being resolved. At the heart of the dispute is a long-standing agreement that gives the players a fixed percentage of the revenue of the game, a deal which CA says prevents them from sufficiently investing in the grassroots. CA offered a revised deal on Friday 23 June but the union rejected it. Unless the dispute ends, the upcoming Australia A tour of South Africa, a two-Test series in Bangladesh and a limited-overs tour of India are under threat along with the Ashes at the end of the year. CA has declined to comment on the negotiations but said in announcing its revised offer last week that it was "100 percent committed" to resolving the MoU by the deadline. The ACA has already made moves to prepare for a lockout, setting up a business to manage and market players' intellectual property. Cricket Australia last week applied a much moderate approach to resolve the ongoing pay dispute by offering a greater share of international surpluses, included domestic players in its sharing arrangement and opted to increase annual pay rises to state players. However, the cricket board refused to take a softer line on its position that the existing revenue-sharing model, which has been in place for nearly 20 years, was untenable which has been the sticking point to the ACA. CA had in May insisted the players will receive around 15% rise under the governing body's new model. ACA had earlier rejected the new pay offer from the game's governing body, saying the proposal will be a win for cricket administrators but a loss for the game. In March, CA made an offer, proposing that the average pay of Australia's international women's players would rise from $A79,000 to $A179,000, while the average remuneration of state cricketers would more than double to $A52,000. Under CA's proposal, only male international players would have the chance to share in any surplus revenue, while other domestic male players and women at both domestic and international level would have to settle for fixed amounts which would not fluctuate according to the game's income. However, the ACA pointed out a series of concerns with the proposal, saying that it "disrespects the value of domestic cricketers and the role they play in Australian cricket". In May CA threatened that players would not be paid beyond June 30, the date of expiry of their current five-year financial deal, if they don't accept the governing body's new proposed offer.


Originally sourced from: CA; additional content by Cricket Investor



Vivo pay $352m to retain IPL sponsorship

By The Cricket Investor Team    |    Posted: June 27, 2017

Mobile manufacturers VIVO on Tuesday 27 June retained the Indian Premier League (IPL)'s title sponsorship for the next five years with a mammoth bid of Rs 2,199 crore (US$352 million), an increase of 554% from their previous deal. The Board of Control for Cricket in India (BCCI) had last month invited bids for the title sponsorship of the event for the period between August 1, 2017 and July 31, 2022. VIVO had held the IPL title rights for the 2016 and 2017 seasons. That deal was pegged at an estimated Rs 100 (US$16 million) crore per year. For the renewed contract, VIVO beat another mobile manufacturer Oppo, which had reportedly bid Rs 1,430 crore (US$229 million). Vivo had taken over from soft drink giants Pepsi in 2014-15. Pepsi claimed the rights in 2013, bidding Rs 396 crore (US$63 million) for five years. The company had taken over from real estate group DLF, which was the tournament's first title sponsor from 2008 to 2012.
 


Originally sourced from: IPL; additional content by Cricket Investor



Government finances Tobago tournament

By The Cricket Investor Team    |    Posted: June 26, 2017

The first Tobago franchise cricket tournament which has attracted a host of top national players, and two leading Premier Division clubs, has received a financial boost of $100,000 from Minister in the Office of the Prime Minister, and Tobago East MP, Ayanna Webster-Roy. The sponsorship cheque for the historic event was handed over to Kerwin John, president of the Tobago Cricket Association (TCA) at the ministry’s office, Orange Hill Road last Thursday. Minister Webster-Roy said she was very pleased with the initiative and the effort of John to promote cricket in the sister isle to Trinidad. The four-day cricket competition, which is branded the “CAST Tobago Power Blast,” has attracted four teams battling for a winner’s purse of $40,000 in cash. Adding great interest is the participation of two of the nation’s biggest clubs, FCB Clarke Road United of Penal, and National Twenty/20 winners Merryboys of Diego Martin. There will be a token entrance fee of $20 for general admission, and $60 for the high in demand party stand. There is also the option of a season pass for $70 for all four days of the tournament.


Originally sourced from: West Indies; additional content by Cricket Investor



BCCI new committee to fast-track Lodha reforms

By The Cricket Investor Team    |    Posted: June 26, 2017


The Board of Control for Cricket in India (BCCI) on Tuesday 27 June constituted a seven-member committee to see how the Supreme Court appointed-Lodha Panel recommendations are implemented by the board quickly and efficiently. The committee will be headed by Indian Premier League (IPL) chairman Rajeev Shukla, with BCCI acting secretary Amitabh Chaudhary as its convener. The other members of the committee are Sourav Ganguly, TC Mathew, Naba Bhattacharjee, Jay Shah and Anirudh Chaudhry. In a judgment on July 18, 2016, the Supreme Court accepted major recommendations of Justice RM Lodha-led panel on structural reforms in the BCCI and had given six months deadline to the board implement the recommendations. On October 1, the board had accepted many of the “significant recommendations” of the Lodha Committee, but excluded many important ones. The recommendations, which have still not been accepted by the BCCI  include one-state one-vote, an age limit of 70 years, a cooling-off period of three years which included the tenure of the administrators, continue with the five-selectors and retaining the powers of the president and secretary as per the earlier constitution of the board. The new seven-member committee’s role is to identify the few critical points in respect of the judgement for the general body of the BCCI to consider before its submission to the Supreme Court.” The BCCI said in a release: “In view of the fact that the next date of hearing in the matter is fixed for July 14, 2017, the committee is requested to fix an early date for its meeting in order to ensure that the above task is undertaken with utmost urgency and its written report circulated by July 10, 2017 so that the same may be considered by the general body and finalized prior to the above hearing,” the release added. The release further said that BCCI acting president CK Khanna will be apprised on a regular basis on the deliberations of the committee and the report shall finally be submitted to him to present it to the general body. The first meeting of the committee will be held on June 30.





Originally sourced from: BCCI; additional content by Cricket Investor



One State one Vote Still Major Issue

By The Cricket Investor Team    |    Posted: June 25, 2017

The state associations composing the Board of Control for Cricket in India (BCC) expressed to the Committee of Administrators (CoA) on Sunday 25 June their residual objections to some of the Lodha Committee reforms. The associations stated that one-state-one-vote was the major point of contention among the three recommendations they are opposed to. The CoA headed by Vinod Rai, met the representatives of various state associations at the BCCI headquarters in South Mumbai in batches. "Two, three reservations were discussed. One-state-one-vote, selection committee and cooling off period of nine years. Age tenure is not that much a major issue," a source said. Ousted BCCI president N Srinivasan attended the meeting as a representative of the Tamil Nadu Cricket Association. According to sources, Srinivasan did not raise the issue of ICC's new revenue share model but is most likely to speak about it during Special General Meeting on Monday 26 June. Meanwhile, acting BCCI Secretary Amitabh Choudhary refused comment on appointment of the new coach, saying a Committee was there to look into it. Asked if the captain will be consulted, Choudhary said, "That's for the committee to decide".


Originally sourced from: BCCI; additional content by Cricket Investor



National Campus seeks government support

By The Cricket Investor Team    |    Posted: June 25, 2017

Australian Cricket is seeking


Originally sourced from: Cricket Australia; additional content by Cricket Investor



Hyderbad Cricket to agree with COA

By The Cricket Investor Team    |    Posted: June 25, 2017

The Hyderabad Cricket Association (HCA) is likely to bow down to Committee of Administration (COA) wishes. The HCA has already decided to amend its constitution as per Supreme Court order on the Lodha recommendations. It has called its own special general meeting on July 2 to “reconfirm” the adoption of the recommendations. “We were told by our court-appointed administrators to reconfirm the adoption on July 2 because the adoption on November 20 was done by an unrecognised body (ad-hoc committee),” HCA secretary Shesh Narayan said. The HCA has few options, given that it has no funds, with the CoA stating that funds wouldn’t be released until changes are made. “Unless we amend the constitution, how will the association function? Funds are required to keep the engine oiled. We’ve to make around 15 changes and will adhere to the requisite process,” said HCA treasurer P Mahender. Shesh added that roughly a week after the HCA SGM on July 2, a new draft will be printed, but it might take a little longer to complete the process. The secretary also said there was no dispute between him and the president G Vivekananda over who should attend BCCI meetings.
 


Originally sourced from: BCCI; additional content by Cricket Investor



IPL 2017 audience up by 22%

By The Cricket Investor Team    |    Posted: June 01, 2017

The tenth season of the T20 cricket tournament Indian Premier League (IPL) received 1.25 billion domestic television impressions for the 59 matches played between 5 April and 21 May, a 22.5% jump from a year-ago period. In 2016, IPL had recorded 1.02 billion impressions for the 60 matches watched across five channels— Sony Max, Sony Six, Sony Six HD, Sony ESPN and Sony ESPN HD, according to data released by television viewership measurement agency Broadcast Audience Research Council (BARC) India on Thursday, 1 June. However, the final match this year gained a 12% lower viewership, compared to 2016. The finals, played between Rising Pune Supergiants and Mumbai Indians (Mumbai Indians won the tournament) garnered 39.4 million impressions, down from 44.68 million (between Royal Challengers Bangalore and Sunrisers Hyderabad) last year. During the season, IPL pushed television broadcaster Sony Max (also the official broadcaster of IPL) to the top slot, making it the most-watched television channel across genres for several weeks. Sony Max, owned by Sony Pictures Networks India Ltd, has been the official television broadcasters of IPL for the last 10 years since the tournament began. Some of the jump in IPL viewership can, to some extent, be attributed to the recent changes in Barc’s measurement universe. Barc India recently updated and aligned its TV universe in line with ground level changes in demographics, TV ownership and connection type, among other things. After the update in March, total television households in the country rose to 183 million from 154 million in 2013. For IPL, the maximum viewership came from Maharashtra and Goa, followed by Andhra Pradesh and Telangana. IPL garnered 568 million impressions from the rural areas which accounted for 45% of the total viewership of the tournament. “This was one of the best seasons that we have had, both in terms of viewership and reach. IPL crossed the 400 million mark and reached 411 million viewers this season. The property has reached a mature stage. It has become a part of the sporting calendar,” said Rohit Gupta, president, network sales, Sony Pictures Networks India. IPL’s television broadcast rights which were held by Sony Pictures Networks Pvt. Ltd until now expired with the tenth season. The Internet and mobile rights, however, were held by ovi Digital Entertainment Pvt. Ltd, a unit of Star India, until 2017. Both television and digital rights of IPL are up for tender for 2018 and beyond.
 


Originally sourced from: BCCI; additional content by Cricket Investor



Government forbids Pakistan series

By The Cricket Investor Team    |    Posted: May 29, 2017


The Indian government has ruled out any bilateral cricket series with Pakistan. Indian Sports Minister Vijay Goel on Monday, 29 May reaffirmed India's stance concerning “Cricket and terrorism can’t go hand-in-hand," the Hindustan Times quoted the minister as saying while he spoke to reporters in New Delhi. The Board of Control for Cricket in India (BCCI) has been willing to hold negotiations with Pakistan regarding the bilateral series, they have maintained that the final decision rests with the Indian government. “We still remain committed to playing, but the position doesn’t change: the series cannot go ahead without the permission of the government of India," Hindustan Times quoted BCCI Acting Secretary Amitabh Choudhary as saying shortly after the Goel made his remarks. Top officials of the Pakistan Cricket Board (PCB) and BCCI are meeting in Dubai to begin negotiations over the financial loss suffered by the former due to India’s constant refusal to resume bilateral series with Pakistan. The BCCI signed a Memorandum of Understanding (MoU) with the PCB in 2014 for six bilateral series between two countries between 2015 and 2023 with Pakistan hosting four and India two. It was in return for PCB’s support for ICC’s ‘Big Three’ formula, which saw India, Australia and England become major beneficiaries of the income of cricket’s governing body. The ‘Big Three’ model was scrapped in April this year. The PCB is looking for a compensation of US$69.4 million for India not living up to their commitment.




Originally sourced from: BCCI; additional content by Cricket Investor



Rajasthan faces political election

By The Cricket Investor Team    |    Posted: May 28, 2017


Rajasthan Cricket Association (RCA will hold a highly political election on Monday, May 29. Rajasthan High Court directed the RCA to hold elections for the cricket body this month. The Court had intervened on a petition of Bhilwara District Association's Ramlal Sharma. The Court set aside the Observer's order which had called off the elections last month.  Elections at the RCA will be held for five posts, including that of President, Vice President, Secretary, Joint Secretary and Executive Member. Ruchir Modi, son of former Indian Premier League (IPL) Commissioner, Lalit Modi, will be in a direct contest with senior Congress leader, CP Joshi, for the post of President of Rajasthan Cricket Association (RCA). The last date to file nominations was May 26 and the last date of withdrawal of nominations was fixed as May 28. Mehmood Abdi and Rajya Sabha MP Harshvardhan Singh withdrew their names from the fray thus making it a direct fight between Ruchir Modi and CP Joshi. It was believed the elections were earlier called off on the insistence of the Modi camp. After the Court directed the RCA to hold the elections, Mehmood Abdi, considered to be from the Modi camp, claimed elections (after the Court's direction) will be held as per the  Lodha Committee recommendations.





Originally sourced from: BCCI; additional content by Cricket Investor



ACA updates Trophy Squad on impasse

By The Cricket Investor Team    |    Posted: May 28, 2017

Australian Cricketers' Association (ACA) CEO Alistair Nicholson met with the Champions Trophy squad on Sunday 28 May in Birmingham to update them on the current situation, which looks no closer to a resolution. The current Memo of Understanding (MoU) between the two parties expires on June 30, and Cricket Australia (CA) chief James Sutherland has told players they won't be paid after this date. That has raised the prospect of Australia's biggest names being unavailable for the tour of Bangladesh in August and the Ashes home series later this year. The dispute centres on CA's desire to scrap the revenue-sharing system that's been in place since 1997 and covers all professional men and women's players in Australia - not just international representatives.


Originally sourced from: Australia; additional content by Cricket Investor



Hyderabad Cricket cleans up

By The Cricket Investor Team    |    Posted: May 28, 2017

The Hyderabad Cricket Association has purged former secretary and president, John Manoj and Arshad Ayub, respectively —on charges of corruption at the Annual General Meeting held on Sunday, 28 May. “They have been suspended on charges of corruption and mismanagement of funds. We are in possession of forensic audit and documentary evidence,” HCA secretary T. Shesh Narayan said, adding the Apex Council has also got a mandate from the General Body to keep checks on several issues concerning the Association. As many as 167 members (of the 211 affiliated clubs) attended the AGM that lasted about three hours and the decision to take stringent action against the two officials was unanimous. The accusations include exaggerated food bills, officials’ spouses travelling to the USA on Association money, travel tickets booked for the team for a Ranji Trophy game in Kolkata, when there was no match at the venue and excessive amounts marked for annual maintenance of the LED screens at the Rajiv Gandhi International Cricket Stadium. The HCA also approved a contract system for men as well as women players. “Ten per cent of the revenue generated will be set aside for players’ salaries. We are the first cricket association in the country to implement this,” Shesh said.  “We will also come down heavily on those who are letting out club teams on hire. Anyone found guilty will be barred for six years. It has also been decided to appoint a retired IPS officer to monitor fraud. We pledge total transparency even in the selection of teams. Most deliberations and scrutiny will be available on the website,” Shesh said. Shesh also said the HCA planned to rope in corporate income and raise a cricket development fund via them to improve the game in the districts.
 


Originally sourced from: BCCI, Hyderabad; additional content by Cricket Investor



Government may intervene in pay dispute

By The Cricket Investor Team    |    Posted: May 28, 2017

The Australian government could intervene in the pay dispute between Cricket Australia (CA) and the players. Sports Minister Greg Hunt said on Sunday May 29 the federal government was prepared to provide mediation between Cricket Australia and players over the pay-dispute stalemate. CA chairman David Peever has turned down the Australian Cricketers' Association's request for independent mediation and there are fears the stand-off could potentially lead to a players' boycott of the Ashes series later in the year. Hunt said the government was hesitant about being too interventionist in contract disputes in professional sport, but there was scope to act as a mediator if the dispute looked likely to threaten the home Ashes series. "I do not see either the players or the administration returning to the late 1970s where we had a second-rate team.” Hunt added that while Canberra would offer to mediate if there was a "fundamental threat", "all the advice I have is that with six months to travel, the Ashes will be proceeding with a full Australian team.And on Boxing Day (Melbourne fourth Test) you'll have Steve Smith, David Warner and the rest of the team out there." The ACA has described CA's rejection of the players call for mediation as lacking in common sense. "The CA strategy is to refuse to deal with the ACA and go directly to individual players to try and break the model," a spokesman said. CA is determined to scrap revenue-sharing after 20 years, saying more funds are needed for the game's grassroots, and that the offer it has on the table provided handsomely for players. The ACA is equally resolved to keep revenue-sharing, saying the system was not broken and did not need fixing.


Originally sourced from: Australia; additional content by Cricket Investor



BCCI and PCB to meet to resolve dispute

By The Cricket Investor Team    |    Posted: May 26, 2017

Following a notice by the Pakistan Cricket Board (PCB), the officials from Board of Control for Cricket (BCCI) in India and PCB will meet in Dubai on May 29 to discuss the memorandum of understanding (MOU) calling for six bilateral series between 2015 and 2023.  According to the MOU, India were supposed to play against Pakistan in 2015, and are scheduled to host them in 2017. However, in 2015, the BCCI had offered PCB a series at home, which the PCB declined. India, in turn, refused to play Pakistan’s home series at a neutral venue without specifying any reasons. Earlier, PCB Executive Committee’s Chairman Najam Sethi had said that Pakistan’s case against the Indian cricket authorities was strong, adding that the board is fully prepared to move ahead with suing the BCCI. Sethi also took to Twitter to point out that it was against the policy of the PCB for Pakistan to play in India first.





Originally sourced from: Pakistan Cricket Board; additional content by Cricket Investor



Sponsor supports T20 Competition

By The Cricket Investor Team    |    Posted: May 26, 2017

Unicomer Trinidad Ltd and the Courts family, in collaboration with the Trinidad and Tobago Cricket Board (TTCB), launched the Courts T20 Inter-zone Cricket Tournament 2017, as the company invested T$200,000, marking their 15th anniversary as the title sponsor. The partnership began in 2002 when Courts initially invested T$20,000 compared to the cheque presented during the press conference yesterday at the National Cricket Centre. Roger Rambharose, Commercial Director at Unicomer, said the 2017 champion team will win T$25,000.  The Inter-zone competition is set to begin on June 2nd at 6 pm throughout various venues across Trinidad where the runners-up will gain T$15,000 while third and fourth battle for T$6000 and T$3000 respectively.  Rambharose stated, “This investment today represents our commitment to developing our people and the provision of meaningful opportunities aimed at community engagement across the country.” Courts views the investment decision as their commitment towards community development as this year’s tournament was transformed into a new format, for the inclusion of more teams and players throughout the country, as well as encouraging community support for the game. The development of young players throughout T&T was taken into consideration since each team must have a National Under-19 player on the starting 11 as well as a Championship player, from the team’s respective zone. 



Originally sourced from: West Indies, ; additional content by Cricket Investor



CA: Grassroots cricket needs A$30 million

By The Cricket Investor Team    |    Posted: May 26, 2017

Grassroots cricket needs up to A$30 million immediately and much more in the long run if the game is not to wither in Australia, according Cricket Australia (CA) chief executive James Sutherland. Sutherland said an audit had shown that cricket was lagging in numbers, especially girls, and facilities. "We've identified that we need $20-30 million a year to really make a difference. On the facilities side, we're talking about hundreds of millions of dollars." He explained this was why CA wanted to modify its revenue-sharing agreement with players. Sutherland said. "We believe the model has served a purpose where previously the players were not well paid. They are well paid now. We're pleased about that ... but we have this responsibility to grow the game in the grassroots." Sutherland said players' pay still would increase under the proposed arrangement, from A$79 million to A$91 million.


Originally sourced from: Australia; additional content by Cricket Investor



IPL Scores 350 million on Social Media

By The Cricket Investor Team    |    Posted: May 26, 2017


The 10th edition of the Indian Premier League (IPL) concluded on Sunday, May 21 with a final-over victory by Mumbai Indians over Rising Pune Supergiant in Hyderabad. Over the course of the tournament, 120 million people joined the IPL conversation on Facebook and recorded 350 million interactions related to the season on the platform. More people joined the conversation this season than any IPL Facebook has measured. Virat Kohli was the most talked about player on Facebook, while Mumbai Indians were the most talked about team this season. Throughout the 47-day tournament, the IPL posted video of team warm-ups before each match and closed the tournament on Facebook by sharing video of the championship trophy presentation. During the IPL season, players used Facebook to directly connect with their fans. News and sports publishers, broadcasters, and personalities also used Facebook Live throughout the event to provide exclusive match commentary and analysis, as well as engage and entertain fans during the IPL. 




Originally sourced from: IPL; additional content by Cricket Investor



PCB adopts Sethi as new chairman

By The Cricket Investor Team    |    Posted: May 26, 2017

The Pakistan Cricket Board (PCB) annual general meeting (AGM) held on Thursday May 26 adopted unanimously, to elect Najam Sethi as new PCB chairman once Shaharyar Khan's tenure ends in August. The AGM, which takes place twice a year, also passed a resolution recommending that Sethi be given a ‘Pride of Performance Award’ by the government for his contribution to Pakistan cricket. The resolution was passed at a time when stories are being circulated in the media that Prime Minister Nawaz Sharif is looking at other candidates (two bankers Ahsraf Wathra and Tallat Mehmood) to succeed Shahrayar. "Perhaps pre-empting the situation, Sethi managed to get this resolution passed which basically confirms that he is very popular in the cricket board," an insider said. Shaharyar briefed the general body members efforts being were made in bringing international cricket back to Pakistan. PCB executive committee chairman Najam Sethi said the Pakistan Super League (PSL) was a huge success with the final of the second edition taking place in Lahore and that the management is aiming to hold eight matches of PSL’s third edition in Pakistan (four each in Lahore and Karachi.) He added that as many as 30 national and international parties have shown their interest to buy sixth franchise.


Originally sourced from: Pakistan Cricket Board; additional content by Cricket Investor



Delhi Daredevils may buy T20 team

By The Cricket Investor Team    |    Posted: May 26, 2017

The owners of Indian Premier League (IPL) franchise – Delhi Daredevils - have reportedly put in a bid to acquire a team in the new T20 league, labelled the T20 Global Destination League, to be launched by Cricket South Africa (CSA). The new league will have eight city-based teams and it is reported that there have been over 150 ‘expressions of interest’ from potential franchisees in the United Kingdom, the United States and the UAE.  It is rumoured that CSA has been asking a fee of R50 million (US$3.9 million) for 10 years for large cities such as Cape Town, Johannesburg and Durban and R30 million (US$2.34 million) for smaller towns. There are many uncertainties that make the investment complex and risky as there is no television deal in place and no clear rule on player quotas yet. The competition is expected to start early in November this year and to end on December 16. The Delhi Daredevils, owned by infrastructure company GMR Group, have some experience of South African players having recruited several Proteas crickets in the 10 IPL seasons.


Originally sourced from: CSA; additional content by Cricket Investor



BPL to expand

By The Cricket Investor Team    |    Posted: May 26, 2017

The Bangladesh Cricket Board (BCB) has announced that it will expand the fifth edition of the Bangladesh Premier League (BPL) due to start on November 4. The T20 competition will hold a players' draft on September 16. The BPL governing council called a press conference at the Sher-e-Bangla National Stadium in Mirpur, where chairman Afzalur Rahman Sinha and member secretary IH Mallick disclosed the details. “Except for a few things we have completed all the groundwork for the next tournament. This time eight franchises will take part as Sylhet is almost set to return to the competition after a one-year break. Besides Dhaka and Chittagong, we are planning to hold some matches in Sylhet,” said Sinha, also a BCB director, adding that a total of 60 matches will take place in the season. Mallick praised the high standard of the Sylhet International Stadium, but also pointed out the accommodation issues in the city as only one international standard hotel exists there. The governing council's announced a tentative plan to increase the quota for inclusion of foreign players in the playing eleven from four to five because of the rise in the number of participating teams, shortage of talented players in the country, commercial interest and the demand of some participating franchises.
 


Originally sourced from: Bangladesh Cricket Board; additional content by Cricket Investor



Hublot extends deal with ICC

By The Cricket Investor Team    |    Posted: May 24, 2017

The International Cricket Council (ICC) on Wednesday 24 May announced a long term deal with Swiss watch luxury brand Hublot, which will include all ICC events to 2020. Hublot have previously partnered with the ICC on one off events including the Cricket World Cup 2015 and World T20 2016 and have now moved to a long-term partnership. The agreement will mean Hublot supply watches for the Player of the Match in semi-finals and finals at all ICC major events as well as the Player of the Tournament award. The partnership also enables Hublot to connect with cricket fans throughout the world with cricket centered fan- focused activations through the ICC digital channels. This marks a major strategic commitment to cricket by Hublot, complementing their overall sports portfolio. "The size, scale and reach of our sport and ICC events in key markets for Hublot means we can deliver significantly enhanced brand values to our partners through our cumulative global reach of almost 5 billion." Hublot continue to work brand ambassadors such as Michael Clarke (Australia) and Rohit Sharma (India).


Originally sourced from: ICC; additional content by Cricket Investor



Cricket Hong Kong award full-time contracts

By The Cricket Investor Team    |    Posted: May 23, 2017

Cricket Hong Kong (HKC) has awarded full-time contracts to 16 players. Full-time training will be paid for 11 of the 16 players. Apart from the contracted players, there are 13 more in the National squad while 15 players are part of the Hong Kong A team. Simon Cook, coach of the Hong Kong Cricket team, unveiled the men's squads on Tuesday May 23 that will form the pool of players competing for a place in the ICC Cricket World Cup qualifiers in 2019. He said: "There are three under-16s in there who might be more long term and there are others that could come into consideration but we are confident in this group. The national squad will train up to 30 hours a week and the 'A' squad will generally train around 8 hours a week, which includes Conditioning and technical sessions," he added. Out of the 29 players who will form the national squad, 10 will be based overseas. Hong Kong - 14th ranked side in One Day Internationals – aim for a positive result in their ICC World Cricket League Championship matches against Nepal in October and Papua New Guinea in December before another 8-team Asia T20 tournament in December, which they are likely to host.
 


Originally sourced from: Cricket Hong Kong; additional content by Cricket Investor



Australian pay dispute dangerous for international game

By The Cricket Investor Team    |    Posted: May 23, 2017

Experts have claimed that the on-going pay dispute between Cricket Australia (CA) and the Australian Cricketers Association (ACA) could be dangerous for both the domestic and the structure of the international game. If Cricket Australia fails to strike a deal with its players by June 30, at which time they would be free agents available for hire. Three English counties are understood to have international places available for the ECB’s Twenty20 Blast starting in July, but the real threat to Australia’s talent could come from South Africa.  A source close to one of the eight prospective South African franchises said: “Everybody is watching the dispute in Australia with concern and nobody wants to see an ugly, damaging player strike,” said “But if Australia’s best players were unemployed by the time South Africa’s new franchises are finalising their 17-man squads, you’d be mad to think they wouldn’t be interested.” Free agency also has implications for world cricket because players out of contract can play anywhere for anyone and even set up their own matches.


Originally sourced from: Australia; additional content by Cricket Investor



COA investigates IPL arrests

By The Cricket Investor Team    |    Posted: May 20, 2017

The Committee of Administrators (CoA) has summoned the Anti-Corruption Unit (ACU) head of the Board of Control for Cricket in India (BCCI) to discuss the state of affair post the recent arrests of three bookies in Kanpur during an IPL game. Neeraj Kumar was asked to meet the administrators in Hyderabad on Saturday evening, May 20. The BCCI’s information so far is that there is no involvement of any player, prima facie, in these arrests but the CoA wants to ascertain the exact position still.  Sources report that a meeting with Deloitte on Sunday morning will be to discuss the organisational matter of the BCCI. The discussions will be centred around the Lodha Committee reforms. Deloitte is an international audit agency that was involved in the audit of the accounts of many state associations. The audit reports have not been made public but it is believed that the agency has found irregularities in most associations. 



Originally sourced from: BCCI; additional content by Cricket Investor



IPL Title Sponsorship Tender to open May 31

By The Cricket Investor Team    |    Posted: May 20, 2017

The Board of Control for Cricket in India (BCCI) will open the Title Sponsorship Invitation to Tender for the Indian Premier League (IPL) for the next five-year cycle on May 31. The IPL Governing Council met on Saturday May 20 to finalise the timelines of various tender processes for the tournament. The Council, with the concurrence of the Committee of Administrators (CoA), also decided the following: The Request for Proposal (RFP) for IPL Event Services contract will be floated on June 12, 2017 and the IPL Media Rights Invitation to Tender on the next rights period will commence on July 17, 2017. These processes shall also be for the next five years cycle.
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Originally sourced from: BCCI; additional content by Cricket Investor



Scottish clubs merge

By The Cricket Investor Team    |    Posted: May 19, 2017

Tranent and Preston Village, two East Lothan cricket clubs, will merge to become one Tranent & Preston Village Cricket Club.  It was agreed after meetings of the club's memberships took place on May 18 and the newly-formed club will play its first matches on May 20. The 1st and 3rd XI will use Tranent's existing home at Meadowmill Sports Centre, while the 2nd XI will play their home games at the Polwarth Oval, the former home of Preston Village. The integrated club will continue to pursue the construction of a pavilion at Meadowmill.  Dougie Russell, president of Tranent Cricket Club, said: "We are particularly excited about the chance this presents to put in place a sustainable player pathway for youngsters in the local area." Alan Grieve, Preston Village chairman, added: "We are thrilled to be joining forces with our good friends at Tranent Cricket Club. The combined club will be one of the best-equipped clubs in Scotland."


Originally sourced from: Cricket Scotland; additional content by Cricket Investor



PSL holds workshop for franchise bidders

By The Cricket Investor Team    |    Posted: May 19, 2017

Pakistan Super League (PSL) held a workshop for potential bidders for the sixth franchise team set to be added to the competition. Over 40 representatives of prospective bidders aspiring to own the coveted sixth team attended the workshop held at the Far End Pavilion of the Gaddafi Stadium. The attendees were given a detailed rundown on the bidding process & allied requirements by the PSL operations team headed by Chairman PSL Najam Sethi and including CFO PCB Badar M. Khan, COO PCB Subhan Ahmed and Director Marketing PCB Naila Bhatti. Technical bids for sixth HBL PSL team are scheduled to be opened on May 31; subsequently, the technically approved bidders’ financial bids will be opened on June 1.


Originally sourced from: Pakistan Cricket Board; additional content by Cricket Investor



Cricket matches face 25% tax

By The Cricket Investor Team    |    Posted: May 19, 2017

International cricket matches and matches of the Indian Premier League will now come under the ambit of entertainment tax in Uttar Pradesh. The Yogi Adityanath government has taken a decision in this regard and also issued a government order. “It is for the first time that the international cricket matches and IPL matches will be coming under the purview of the Entertainment Tax department. The Uttar Pradesh government has also issued a government order in this regard on May 3. Kanpur’s Green Park stadium, the only international cricket venue in Uttar Pradesh, recently hosted two IPL matches. The entertainment tax will be 25 per cent of the ticket amount and the revenue is significant. The IPL ticket price is of reasonably high value and it is a commercial venture. States like Delhi and Maharashtra have been levying an entertainment tax for several years. A notice has been issued to BCCI almost a week ago, and a second one is in process. The tax department will recover the tax from the BCCI in form of arrears.
 


Originally sourced from: India; additional content by Cricket Investor



New Insurance Plan by Sri Lankan Cricket

By The Cricket Investor Team    |    Posted: May 18, 2017

Sri Lanka Cricket announced it had obtained a comprehensive worldwide insurance coverage for all its contracted national players. The coverage which is underwritten by a reputed global insurance giant and provides the players with substantial increase in medical and well as personal accident benefits. The scheme which comes into effect immediately will see each player receive a health benefit of up to £900,000 (approximately Rs. 180 Million) per annum, and a Life insurance benefit of up to US$5,000,000 (approximately Rs. 750 Million) in the event of death or disability. This enhanced insurance scheme covers the players worldwide, and is comprehensive including benefits such as road & air medical evacuation and repatriation when required. The Sri Lanka team was plagued by injuries in the recent past, and players and resource staff have been working systematically with biometric analysts and medical specialists to overcome this concern well in time for the Champions Trophy 2017 campaign.


Originally sourced from: Cricket Sri Lanka; additional content by Cricket Investor



Stourbridge gain new sponsor

By The Cricket Investor Team    |    Posted: May 18, 2017

Stourbridge Cricket Club have entered their 175th anniversary season with the signing of a main sponsor. The club has unveiled its new shirts with the logo of West Midland cleaning firm We Clean Limited. Stourbridge CC chairman Harilal Jivan-Patel said he was delighted the company wanted to commit to a three-year sponsorship arrangement. 'We Clean' directors Paul Concannon and David Harker said Stourbridge’s emphasis on the youth system is a key factor behind their decision to sponsor the War Memorial Ground club.’ Stourbridge CC play Birmingham League Division Three.


Originally sourced from: ECB, Local. ; additional content by Cricket Investor



BCCI buys more land for academy

By The Cricket Investor Team    |    Posted: May 13, 2017

The Board of Control for Cricket in India (BCCI) is going to buy 25 acres of land adjacent to the 25 acres it has already bought, near Bengaluru, for its National Cricket Academy. The decision was taken at a meeting of the NCA board in New Delhi. Primary work on the 25 acres, which was bought for `50 crore earlier has started and agencies have been hired. The board wants the additional 25 acres for expansion plans. The state government has been approached for this new plot, which is adjacent to the old one. Since its inception in 2002, the NCA has been functioning out of the Karnataka State Cricket Association premises at M Chinnaswamy Stadium. The BCCI had been looking for its own land, and before settling for the new plot near Bengaluru, had even contemplated shifting up north to Pune or Dharamshala.  It is alleged that the BCCI is ready to spend another `50 crore on the new plot. The project to shift NCA to the body’s own land, and to the proposed location, has faced several obstacles. The board had even set a deadline last year, saying that they would look elsewhere if the plot near Bengaluru was not available. The situation has changed over the last year, with legal tangles being cleared and the BCCI’s taking possession.


Originally sourced from: BCCI; additional content by Cricket Investor



CA offers long contracts to avoid IPL

By The Cricket Investor Team    |    Posted: May 12, 2017


Cricket Australia (CA) has offered long-term contracts to five of its cricketers in exchange for not playing the IPL. CA has offered three-year deals to Steven Smith, David Warner, Pat Cummins, Mitchell Starc and Josh Hazlewood if they opt out of the IPL during their official leave.  Pat Howard, CA's newly re-signed executive general manager of team performance, made the approaches, which have come while the Australian Cricketers' Association is still in dispute with CA over a new pay deal for players. Smith and Warner, who captain their IPL franchises, collect more than A$1 million a year for the Twenty20 tournament and their earning capacity there is set to rise sharply with a new IPL broadcast deal expected to see the event's player payment pool double. Warner, led Sunrisers Hyderabad to the title last year. The second-ranked player in CA's 2017-18 contract list behind Smith, the Australian opener's retainer with CA is estimated to be worth A$2 million but he could conceivably earn as much as A$10 million in the IPL alone over the next three years. Starc, who left Royal Challengers Bangalore before this year's IPL to focus on the Champions Trophy in June in England, could also command upwards of A$3 million a year from a new team under an inflated payment pool. With the memorandum of understanding between CA and players due to expire on June 30 and no sign of a resolution on the horizon the approaches by Howard have been viewed suspiciously by the players' union. CA argues the strategy and that it is simply about ensuring players have a break during their leave period, which falls when the IPL is played in April and May, in the hope that Australia can minimise injuries and avoid the controversial resting of players elsewhere in the calendar.

 



Originally sourced from: Australia; additional content by Cricket Investor



Kingfisher to sponsor Champions Trophy

By The Cricket Investor Team    |    Posted: May 11, 2017

The International Cricket Council (ICC) has announced the appointment of Kingfisher as the Official Lager Partner for this summer’s International Cricket Council  Champions Trophy to be held in England and Wales from June 1-18, 2017. Kingfisher will be the exclusive lager supplier at the three venues – Edgbaston, The Oval and Cardiff – where the event is being staged. In addition, it will be the exclusive lager at the ICC Champions Trophy Fan Park. Campbell Jamieson, ICC General Manager – Commercial said: “Kingfisher is an iconic brand that has a long standing association with cricket.” Kingfisher Beer Europe CEO, Damon Swarbrick, said: “The partnership also gives our target consumers the perfect opportunity to re-evaluate the brand outside of Kingfisher’s normal usage occasion in Indian restaurants.”


Originally sourced from: ICC; additional content by Cricket Investor



Tissot sponsors Royal Challengers Bangalore

By The Cricket Investor Team    |    Posted: May 10, 2017

The Swiss watch brand, fortifies its ties to the world of cricket by becoming the Official Watch of Indian Premier League T20 team Royal Challengers Bangalore (RCB) for this season. This was announced in Bangalore at a team event. In honour of the new partnership, Tissot presented all the players of the team with the Tissot PRC 200 Automatic which has a water-resistance of up to 20 bar (200 m/660 ft).


Originally sourced from: IPL; additional content by Cricket Investor



NatWest launches fresh partnership with ECB

By The Cricket Investor Team    |    Posted: May 10, 2017

NatWest launched a fresh partnership with the England and Wales Cricket Board (ECB) to become the organisation’s principal partner. The ‘Cricket Has No Boundaries’ campaign is designed to showcase and celebrate the diversity of modern cricket in the UK, support the ECB’s aim for a game for everyone and mirror the bank’s own commitment to diversity and inclusion. Alongside the inspiring outdoor poster campaign is a new partnership with Chance to Shine, the ECB-supported charity that uses cricket to increase aspiration, promote social cohesion and create opportunities for young people in communities and schools across the country. NatWest will become Chance to Shine’s first ever Official Partner. The bank will provide funding and support to Chance to Shine to help them extend the reach and impact of the programme. Recent research from the ECB demonstrates how the sport is continuing to be accessed by people from across the UK: Thirty per cent of recreational cricketers are of South Asian heritage; there has been an eight-fold increase in the number of cricket clubs offering women’s and girls’ cricket over the last 15 years and five per cent of all recreational cricketers are registered disabled.


Originally sourced from: ECB; additional content by Cricket Investor



Zimbabwe cricket seeks ICC bail-out

By The Cricket Investor Team    |    Posted: May 10, 2017

Zimbabwe Cricket (ZC) has approached the International Cricket Council (ICC) to discuss the possibility of a bailout, in the hope that it can return to financial stability within the next three years. "We are in discussion with the ICC as well as member boards to see how they can help us to get over the situation in which we find ourselves," ZC's new managing director Faisal Hasnain told website Cricbuzz. ZC is estimated to be US$20m in debt. ZC’s only revenues are coming from the ICC and the India tour, which is now not going to take place until 2019. Most of ZC's debt currently sits with Zimbabwean banks at interest rates above 20 per cent, meaning that most of its income over the past five years has gone towards paying off interest. Even with three Indian tours during that period income has not been sufficient to avoid falling further into debt. ZC is looking for the ICC or another member to assist by providing a low-interest loan at international rates - generally less than four per cent - in order to clear ZC's local debts. Hasnain said: "The entire commercial side of the business at the moment is at zero level. I mean there is absolutely nothing being done about the commercial properties that we have. We need to reignite that entire part of the organisation and try and explore other avenues, not only to raise revenue, but to highlight ZC and Zimbabwe as a country. I think there are a number of opportunities out there." Hasnain began his new role at the end of April after ZC lured him away from the ICC, where he served as chief financial officer for eight years in two separate stints. From Pakistan he was part of the ICC team that looked into a similar bailout package for ZC in 2013. While that plan failed to go through, the obstacles involved have since been removed and so the prospects of success this time around appear greater. Reports out of India have suggested that a potential bailout is the reason why ZC voted for a new financial model at the ICC meeting last month. ZC has historically been one of the BCCI's most loyal allies with the favour generally reciprocated in the form of regular India tours. That changed last month when the new financial model, with its dramatic reduction in the BCCI's share of ICC income, was voted through despite the BCCI's opposition. However ZC's decision to vote for the changes had less to do with a potential bailout than the fact it stands to earn significantly more money than it has in previous years - and more than it would under the so-called Big Three model. "Under the previous cycle from 2007 to 2015, ZC received roughly US$55-$60m in ICC distributions," said Hasnain. "Under the Big Three model, ZC stood to earn US$70-75m. If everything goes according to plan, under the new model Zimbabwe will be getting close to US$90m. Of course that also depends on ICC revenues, which are only estimates at this stage."
 


Originally sourced from: Zimbabwe; additional content by Cricket Investor



BCCI rejects PCB US$6.4m compensation claim

By The Cricket Investor Team    |    Posted: May 09, 2017

The Board of Control for Cricket in India (BCCI) has rejected the Pakistan Cricket Board Chairman (PCB) demand for compensation for not honouring the MoU signed between by claiming it was not binding. The PCB Chairman Shaharyar Khan confirmed they have received a response from the BCCI on the notice sent to BCCI last week demanding US$6.4 million as compensation for not playing with Pakistan in bilateral series as outlined in the MoU. "We have a got a reply from BCCI and they have raised some points. One of them is they don't consider the MOU a binding legal agreement between the two Boards. Secondly, they have pointed out that permission of government is necessary for any Indo-Pak series and since their government is not giving them permission, they can't play with us," Shaharyar said. Khan said the BCCI had also raised the issue of security problems in Pakistan which is why it couldn’t tour the country. Khan insisted that the MoU was a proper contract signed in 2014 as India had sought support to maintain the Big Three governance and financial model system. "The MoU was signed with the knowledge of the ICC. We will send them another letter and if they don’t respond positively to our compensation demand or to play series then we have completed our homework to take our case to the ICC disputes resolution committee," he added. He insisted that there was no clause in MoU about seeking government clearance. "We even were willing to go and play at any neutral venue so where does this security issue crop up. India has played international bilateral matches at neutral venues."
 


Originally sourced from: India; additional content by Cricket Investor



IPL tournament assets up for renewal

By The Cricket Investor Team    |    Posted: April 30, 2017

The Board of Control for Cricket in India (BCCI) will formally launch a search for a new title sponsor and event manager for the IPL on 5 May. The BCCI has scheduled a meeting of the IPL Governing Council (GC) in Delhi on that day where a formal decision on the holders for the media rights too will be taken. It has been reported that the meeting has three key points in the agenda – rights for the title, event management and media (telecast). The contracts of the parties who currently hold the rights will elapse after the conclusion of the current IPL season.  It has been formally decided that the media rights should be sold for five years, instead of 10, as was planned by the previous BCCI administration and that the process should be initiated and handled by the BCCI’s marketing committee. The supervision of the Supreme Court-appointed Committee of Administrators (COA) and the BCCI CEO cannot be ruled out during this stage. Sony are the current holders of the media rights and Vivo is the IPL title sponsor will end this year. The Chinese mobile manufacturer came on board for two years after Pepsi pulled out. The GC will take a call on the benchmark, requirements and qualification criteria of the new sponsor. The contract will last five years. The International Management Group, which has dealt with event management for all the 10 IPL editions, but will have to bid for the rights this time around.


Originally sourced from: IPL; additional content by Cricket Investor



Port of Tyne renews with Durham

By The Cricket Investor Team    |    Posted: April 28, 2017

Port of Tyne has extended its shirt sponsorship deal with Durham County Cricket Club (CCC). Based in South Shields the Port of Tyne (www.portoftyne.co.uk) company will continue as the club's Royal London One-Day Cup shirt sponsor for the next three years, taking the partnership through to 2019.  Susan Wear, director of corporate affairs at Port of Tyne, said: "It's important we get behind the club as it takes on the challenges ahead to retain first class county cricket – and the national and international profile that brings – for the whole region. We're also particularly proud to be working in partnership with Durham's Foundation and to be supporting their work in local schools."


Originally sourced from: Durham CC; additional content by Cricket Investor



Indian Player Match Fees Unpaid

By The Cricket Investor Team    |    Posted: April 28, 2017

It has been reported that Indian cricketers have yet to be paid match fees for six months as well as Rs 1 crore (US$160,000) incentive, promised to the team by the Board of Control for Cricket in India (BCCI). Indian Express quoted one of the members of the team, saying, “Usually, we get our dues within a month or 15 days of a Test match but this time, the delay has been long. We don’t know what the reason is but such delays have never happened earlier.” While talking to Indian Express, a top BCCI official said, “The payment is delayed because of various issues. The BCCI didn’t have the official signatory in February and later there was confusion over whether Amitabh Choudhary (acting secretary) can clear these payments because only the secretary can give all approvals. As for the women’s payments, their agreement with BCCI is yet to be signed and once it is officially done, their payment will be released.” As per BCCI’s fee structure, those in the playing XI get Rs 15 lakh (US$24,000) per match. The ones sitting on the bench receive Rs 7 lakh each (US$11,200). In the past players got their cheques within two months of completion of a Test match.


Originally sourced from: BCCI; additional content by Cricket Investor



Taco Bell partner with Essex

By The Cricket Investor Team    |    Posted: April 28, 2017

Essex Cricket have announced a partnership with the Chelmsford branch of global food chain, Taco Bell. The Essex Franchisee of Taco Bell has committed to a three-year sponsorship agreement implementing branding around The Cloudfm County Ground but also introducing supporter benefits. If Essex Eagles score over 300 runs in the Royal London One-Day Cup and over 200 runs in the NatWest T20 Blast competitions, all supporters will receive a free taco from Taco Bell upon presentation of a valid match ticket or Membership card at the store in Chelmsford High Street.


Originally sourced from: Essex; additional content by Cricket Investor



Investors sought for sixth Pakistan Super League franchise

By The Cricket Investor Team    |    Posted: April 28, 2017

The Pakistan Cricket Board (PCB) has invited bids from interested parties to acquire franchise rights for the sixth team to be introduced to the HBL Pakistan Super League (PSL) next season. The cricket board has shortlisted five regions, including Hyderabad, Dera Murad Jamali, FATA (KP), Faisalabad and Multan, on the basis of provincial representation and domestic cricket ranking on merit.  The deadline for the submission of both the financial and technical proposals has been set for May 30.Financial bids will open the next day. The first two seasons of the PSL had five franchises: Lahore Qalandars, Islamabad United, Karachi Kings, Quetta Gladiators and Peshawar Zalmi. A team for Kashmir had been welcomed by Najam Sethi, PSL chairman, for the second season, but it was rejected after opposition from some of the current franchises on financial grounds and also for the potential for controversy given Kashmir's sensitive status vis-a-vis India. "Only technically qualified bidders will be allowed to participate further in the process," the PCB stated in a press release. Instead of operating as an association of independently owned teams, the PSL league is a single entity in which each franchise is owned and controlled by investors.
The idea to add a sixth team to the PSL roster was floated as a possibility in May 2016, but the contract between PCB and the existing franchises restricted the expansion before the second season. The reasoning behind waiting for at least two editions of the PSL before adding a sixth team was so that the existing franchises could "consolidate their fan base". The PSL has emerged to be a potentially profitable venture for investors, with profits "exceeding expectations" according to Najam Sethi. The technical proposals will be opened on May 30, 2017, in a ceremony here at the National Cricket Academy (NCA). Furthermore, the franchises were opposed because of the potential cut in their share of the central revenue pool. After the inaugural edition, over 70% of the revenue was split equally among the five franchises, but this pool would have been higher had the tournament been held in Pakistan instead of the UAE.
 
 


Originally sourced from: Pakistan Cricket Board; additional content by Cricket Investor



Pakistan to seek compensation from India

By The Cricket Investor Team    |    Posted: April 28, 2017

The Pakistan Cricket Board (PCB) is about to legally notify the Board of Control for Cricket in India (BCCI) that it will be seeking compensation for India’s refusal to play bilateral series. A top official of the PCB stated that the Board’s legal advisor Salman Naseer had visited London recently in connection with the preparation of the legal battle. “He went there to complete the preparations for filing claim for compensation. We have already told the BCCI officials at the ICC meeting that we intend to sue them for compensation,” he said. The official said the compensation claim would be for the revenues Pakistan would have generated by hosting India in two series under the Memorandum of Understanding (MoU) signed between the two Boards in 2014. The official made it clear that it was not PCB’s problem if the BCCI failed get clearance from its government to play against Pakistan since the ICC was an independent body and its members had to honour commitments with each other. He said that Pakistan had not opposed the Big Three system of governance and the distribution of revenues among member countries from ICC events in 2014 because of the MoU signed with India. Under the MoU, India and Pakistan were scheduled to play six series – three of them home events for Pakistan between 2015 and 2023. “But that has not been the case and we lost estimated revenues close to US$200 million,” the official said.


Originally sourced from: Pakistan Cricket Board; additional content by Cricket Investor



BCB considers legal action against Pakistan

By The Cricket Investor Team    |    Posted: April 28, 2017

The Bangladesh Cricket Board (BCB) is considering legal action against the Pakistan Cricket Board (PCB) for cancelling the tour to Bangladesh. PCB Chairman Shaharyar Khan announced on April 26 that Pakistan will not tour Bangladesh this year as agreed. Pakistan was scheduled to play two Test matches, three One-day Internationals and a Twenty20 International on the tour to Bangladesh in July and August. “Pakistan have now toured Bangladesh twice without them reciprocating and we feel we cannot tour Bangladesh for the third time straight. Therefore, we have decided to postpone the tour and will explore another window in the next year or so”, said Shahryar Khan. BCB President Nazmul Hasan Papon on April 28 while talking to media said that the board came to know about the news of the cancellation through the media and is yet to receive any official confirmation from the PCB. “We are yet to receive any official statement from them,” said Papon. “Once we get it, we will take necessary legal steps against them. Probably we will issue them a show cause notice for calling the tour off.” Bangladesh last toured Pakistan in 2007-08, for a five match ODI series. Since then, Pakistan toured Bangladesh twice, in 2011-12 and most recently in 2015.


Originally sourced from: Bangladesh Cricket Board; additional content by Cricket Investor



Cricketers Reject Cricket Australia pay plan

By The Cricket Investor Team    |    Posted: April 28, 2017

The pay dispute between the Australian Cricketers Association (ACA) and Cricket Australia (CA) deepened on Friday, April 28 after players officially rejected CA's offer of a A$514 million player payment pool.  CA's 28-page submission released in March outlined a new plan where the set-percentage model, embraced since 1997, would no longer apply to Sheffield Shield cricketers, and the percentage model would only be used for surplus revenue for international players. This would be capped at A$20 million, for internationally-contracted male (A$16m) and female (A$4m) cricketers. The ACA briefly met CA for the first time in six weeks and rejected the plan of how CA had planned to divide up more than A$400m of payments to players due over the next five years in a new memorandum of understanding. ACA chief Alistair Nicholson said all players supported the move, including national captains Steve Smith and Meg Lanning. Female cricketers are due to be included in the new MOU for the first time, meaning funding is needed for more than 100 new contracts. Nicholson said young players could consider becoming Twenty20 specialists and discard playing in the Silver Shield. He said: "The revenue-sharing model and incentivising the growth of the game is the right model. At the moment, the CA offer of no potential share in the upside or downside for a Big Bash League or state player means T20 leagues around the world are potentially more attractive. That, for us, is a concern. We want all our players under the revenue-sharing model and the top talent retained here. The current MOU expires on June 30, leaving little time for the two parties to come to an agreement.

Australia's participation at the Champions Trophy in June does not appear in doubt as it falls under the ongoing MOU, while the Southern Stars are contracted individually, so their participation in the World Cup in July is unlikely to be an issue. However, an Australia A tour of South Africa in July could be in doubt if talks do not progress and an extension is not brokered. Under the current model, players were due to receive between 24 and 26 per cent of revenue. The ACA says a "win-win" model would have players sharing in 22.5 per cent of revenue estimated to be A$2.64 billion over the next five years. The dispute comes at a time when host broadcasters Channel Nine (international coverage) and Ten (Big Bash League and Women's Big Bash League) are in financial trouble, with concerns they won't be able to produce the money CA hopes for in a new deal from next year. Players have claimed CA's offer "short changes" them by A$128m (NZ$139.6m) compared to what was claimed in the player payment pool. CA's "equality-based" plan had women international players earning an immediate pay rise from A$79,000 a year to A$179,000. The two parties are also at odds over how to fund grassroots cricket and retirement benefits.


Originally sourced from: Cricket Australia; additional content by Cricket Investor



Worcestershire Rapids partner with Gtech

By The Cricket Investor Team    |    Posted: April 27, 2017

Worcestershire County Cricket Club have announced that Gtech will be its T20 team, the Worcestershire Rapids, shirt sleeve sponsor for the 2017 campaign. Gtech (http://www.gtech.co.uk/) was founded by Worcestershire born designer and inventor Nick Grey 16 years ago.  Gtech are leaders in the field of designing and manufacturing cordless home and garden appliances including vacuum cleaners, floor sweepers, electric bikes & grass trimmers. Gtech will be exposed several live Sky Sports appearances. Gtech's Marketing Communications Manager, Verity Kalinowski, said: "Nick Grey is very conscious in reaching out and being part of community projects. We are heavily involved with the Worcester Wolves basketball and were looking to do something else that was linked to Worcester - and Worcestershire CCC seemed a great opportunity. Having just moved and settled into new premises in Worcester, the next priority is getting these sort of projects set up.”


Originally sourced from: Worcestershire; additional content by Cricket Investor



Nine Network TV deal with CA not profitable

By The Cricket Investor Team    |    Posted: April 26, 2017

Financial analysts believe the Nine Network should not renew its broadcast contract with Cricket Australia (CA). Channel Nine and Channel Ten have a five-year TV broadcast rights deal with Cricket Australia that runs out in 2018. The Nine Network is being urged by bankers to end its long-time cricket coverage due to estimated A$30-40 million yearly losses. The broadcaster has a five-year deal worth A$500 million with CA which expires next year and is negotiating a new contract for 2018-2023. But financial analysts UBS believe that the existing deal likely only generates gross revenues of A$60-$70 million.


Originally sourced from: Australia; additional content by Cricket Investor



Cricket Australia player dispute heats up

By The Cricket Investor Team    |    Posted: April 26, 2017

Cricket Australia (CA) and the Australian Cricketers Association (ACA) are no nearer a deal over payments to players and have been engaging in a media fight. CA's final submission to the ACA outlines how it wants the players to share in A$419 million of payments over the next five years. In their submission CA state that as 80 per cent of revenue is uncontracted, with sponsorships and a new broadcast rights deal yet to be resolved, it cannot provide specifics. It has offered "a range of scenarios" in terms of revenue but claims the ACA has not asked for this. The ACA also denies this, claiming it has repeatedly asked for the information. CA's submission for men and, for the first time, women, has CA-contracted male (up to A$16 million) and female players (up to A$4 million) sharing in a percentage of revenue. But CA argues it's no longer feasible for Sheffield Shield cricketers to share in this revenue as they have done since an original agreement was brokered in 1997. The top female cricketers will earn about A$200,000 a year. If a deal is not done by June 30, and an extension of the Memorandum of Understanding (MOU) not agreed upon, the first series which could be impacted is an Australia A tour of South Africa. Players could boycott this or agree to go on a series-by-series contract. As the Southern Stars do not yet fall under the MOU, the women cricketers are on individual contracts, meaning their World Cup plans in July are unlikely to be affected. A Fairfax Media report on April 23 stated that players were frustrated by the lack of detail in CA's submission. In response CA has responded questioning whether the ACA is competent for the task of negotiating a new deal. CA suggested that players are being "led up the garden path" in their pay fight and has declared it won't back down on plans to slash the revenue-share model. The two parties are due to meet for the first time in five weeks on Friday, April 28 with each side having had to postpone earlier dates because of personal or work circumstances. But CA is concerned by what it claims to be a lack of urgency from the players. A well-placed CA source told Fairfax Media: "There is growing concern at the ACA's ability to represent the players effectively. We provided them with a detailed offer five weeks ago and we have received no detailed response from them with regard to that." The ACA has rejected this claim, insisting it needed more detail on how CA's plan would be funded, and will release its response this week. CA has suggested the ACA, led by chief executive Alistair Nicholson, does not want to negotiate, in the hope the governing body will roll over under pressure. The ACA responded on Wednesday night, April 26, declaring: "CA are kidding themselves and these bully-boy tactics aren't going to fly." The ACA also noted that CA indicated it would release its submission in January or February but waited until late on a draining Indian Test tour in March, when players were also about to go on leave, to do so. The ACA submitted its original proposal six months ago.
 


Originally sourced from: Australia; additional content by Cricket Investor



Surrey announces £1.6m profit

By The Cricket Investor Team    |    Posted: April 26, 2017

Surrey County Cricket Club has announced an annual pre-tax profit of £1.6 million for the 2016/17 financial year. The Club has achieved strong ticket sales for the NatWest T20 Blast, further significant growth in club membership and in the Conference and Event business, which brought in its highest ever annual sales of £4.5m last year. Outside of an Ashes year, the profit figures represent the club’s best-ever financial performance. The last time the ground hosted a Test Match between England and Pakistan in 2010, a £500,000 loss was recorded. For the 4th consecutive year, Surrey CCC Membership showed a noticeable increase. The club’s membership base has now grown beyond 10,000 members. The Kia Oval’s conference and event business has grown by over £3m in the last four years, with the stadium hosting regular events for large listed companies, as well as major public sector and charitable organisations. Richard Thompson, Chairman of Surrey CCC, said: “For too long our revenues were overly reliant on the demand for International cricket – however, the increase in Membership numbers we have enjoyed in recent years, the continued growth of the NatWest T20 Blast and the superb work done in our off-field business has enabled the club to thrive in what would previously have been a very challenging year.” The club hosts its 100th Test in July and five of the matches of the ICC Champions Trophy in June.

 


Originally sourced from: Surrey CC; additional content by Cricket Investor



BCCI rejects US$100m

By The Cricket Investor Team    |    Posted: April 25, 2017

The Board of Control for Cricket in India (BCCI) has continued to challenge the International Cricket Council (ICC) proposed a new revenue sharing model which would lead to a fall in India’s share. At a meeting held in Dubai on April 24 the BCCI rejected an offer of an additional US$100 million in the proposed format. The BCCI, unhappy with its projected share of US$290 million in the model under consideration, had told ICC Full Members that it wants US$570 million - the same revenue it would have received from the ICC under the original Big Three model.  In earlier negotiations between ICC chairman Shashank Manohar and the BCCI's Committee of Administrators (CoA), Manohar had offered to pay an additional US$100 million to the BCCI, taking the board's share to nearly US$400 million. But Amitabh Choudhury, the BCCI secretary, is represented the board in Dubai. The BCCI's approval of the financial model is crucial to a host of governance changes being agreed upon, as the ICC strives to put a new constitution in place, but the BCCI has also told the ICC Full Members that it wants to defer those governance changes until after June.    The BCCI's counter-offer, given that other shares remain the same while the Indian board gets roughly US$280 million more, the extra money will come from removing the shares allotted to the two Associates - Ireland and Afghanistan. In Manohar's model, they were allotted US$60 million each over eight years, pending approval of their Full Member status which is up for discussion at the ICC Board meeting. The BCCI has proposed that Ireland and Afghanistan be inducted as Full Members from 2019. That leaves another US$160 million to be found, which the BCCI believes can be available if the ICC's administrative costs are cut down by US$100 million. A deal will depend upon how Choudhury operates at the ICC Board meeting over the next two days. The COA wants to find a middle ground, but Choudhury and a section of BCCI insist on sticking to the Big-Three model. At the moment he is adamant in rejecting the offer. "Yes, ICC chairman Shashank Manohar gave us an offer of an additional $100 million in the new financial model. In fact, he gave us a deadline to get back to him. From our end, we won't get back to him as we don't even consider it an offer," a senior BCCI source present in Dubai told Indian press. The official blamed the rejection on a trust deficit between Manohar and the BCCI. "The offer came from Manohar. He is the chairman but ICC is a members' body and the chairman doesn't decide who gets what share of the pie. It's the members who decide. We are still working on the formula with all nations. They are receptive. Mr Manohar doesn't decide what should be BCCI's share," the official added. In the existing revenue distribution model, BCCI gets US$579 million from the ICC, but if Manohar's proposal is passed by the ICC, then BCCI's share comes down drastically to US$290 million.  The BCCI did  not announce the squad for Champions Trophy on Tuesday, April 25, which is the ICC deadline although the ICC constitution allows countries to name their squads after the deadline under certain circumstances.


Originally sourced from: BCCI; additional content by Cricket Investor



Worcestershire backs planned T20 competition

By The Cricket Investor Team    |    Posted: April 25, 2017

Worcestershire has backed the England and Wales Cricket Board (ECB’s proposed new eight-team city-based T20 competition. County chairman Stephen Taylor revealed their decision following a vote by the club’s board. Each county is guaranteed revenue of £1.3m from the competition, which is planned to get under way in 2020. Derbyshire, Leicestershire, Somerset, Sussex, Yorkshire and Durham have all announced that they will back the ECB rule change. The only two counties who have so far not backed the ECB proposal are Essex and Middlesex. Glamorgan, Hampshire and Warwickshire, the only county who already play their T20 cricket under a city banner as the Birmingham Bears, have been vocal in their support for a city-based competition. A total of 31 of the 41 members of the ECB are needed to vote in favour of the proposals in order for the competition to go ahead. Despite lending the county’s support, Taylor warned the ECB chiefs that the preservation of all formats of cricket was ‘fundamentally important’ “This will go a long way to protecting the four day game, 50 over competition and the T20 Blast,” he added.


Originally sourced from: Worcestershire; additional content by Cricket Investor



CPL to play six games in Florida

By The Cricket Investor Team    |    Posted: April 25, 2017

The Caribbean Premier League (CPL) will stage matches in the United States during the upcoming campaign, its fifth year. In 2016 six games were successfully staged at the Central Broward Stadium in Fort Lauderdale, Florida last year, marking the first time fixtures in the tournament had been played outside the Caribbean. Damien O’Donohoe, chief executive of the CPL, said last year’s success had been a deciding factor in once again scheduling games for Florida. “In excess of 30,000 fans packed our American leg of matches in 2016, with over half of those attendees travelling south from New York and as far west as Texas and Los Angeles. Tourists who attended these matches also spent more than $4.75 million in the local economy,” O’Donohoe said.  “This indicates a huge appetite for the game across North America and we welcome the opportunity to play our part in USA cricket’s future plans. We have committed to a community outreach programme to ensure the impact of the Hero CPL goes beyond the field of play. The decision to host games in Florida was an attempt by organisers to expand the base and reach of the tournament. According to numbers released by CPL recently, the US leg of the tournament generated US$12.5 million and captured a television audience of 12.7 million. The CPL is scheduled to run from August 4 to September 10, and will also be played at traditional venues in Barbados, Jamaica, Trinidad and Tobago, Guyana, St Lucia and St Kitts.


Originally sourced from: West Indies, CPL; additional content by Cricket Investor



Bangladesh salaries rise by more than 60%

By The Cricket Investor Team    |    Posted: April 25, 2017

Bangladesh cricketers' salaries have been increased by more than 60% along with a comparable rise in match fees. On April 22, the Bangladesh Cricket Board (BCB) made the decision to meet the cricketers’ demand for an increase in their salaries. Bangladesh cricket has attracted an increase in sponsorship income, but there has been hardly any improvement in cricketers’ salary and match fees. The decision is a result of several discussions between the BCB and senior players in the last few weeks. Contracted cricketers will be paid in different grades.
 
Grade A+ salaries have increased by over 60% to US$60,000 in 2017 compared to US$37,500 in 2016. The same category's pay rose by 25% in 2016 compared to 2015. As per the last BCB deal, ODI captain Mashrafe bin Mortaza, newly appointed T20I skipper Shakib al Hasan, opening batsman Tamim Iqbal, Test captain Mushfiqur Rahim and all-rounder Mahmudullah were the five Grade A+ cricketers. The BCB will soon bring the cricketers under the new BCB contract. According to sources, the board is thinking of bringing 16 cricketers under the national contract. Fast bowler Taskin Ahmed, youngster Mehedi Hasan Miraz, paceman Kamrul Islam Rabbi and batsman Mosaddek Hossain are likely to come under the contract while national discards like all-rounder Nasir Hossain, left-arm spinner Arafat Sunny and pacer Al Amin Hossain are likely to be excluded from the deal.
 
Grade B salaries will be US$40,000, a 33.3% increase from the US$30,000 they made in 2016. For those in Category C, the revised amount will be US$25,000 from US$15,000, and for those in the lowest grade, the salary will rise from US$11,250 to US$15,000 per year. Meanwhile, the match fee for a Test match has been revised by 76% to US$4,300 from US$2,440, in ODIs, the match fee for a game has been increased from US$2,500 from US$1,210, while for T20Is, the cricket players will get US$1,250 up from US$915 in 2016. The BCB also provides bonuses and the whole team was paid US$125,000 for their recent success in Sri Lanka.


Originally sourced from: Bangladesh Cricket Board; additional content by Cricket Investor



Berkshire Cricket win £85k sponsorship deal

By The Cricket Investor Team    |    Posted: April 25, 2017

Berkshire Cricket, national minor county champions, have secured a sponsorship deal with Maidenhead company, Summerleaze Ltd and a tie-up with Middlesex, the county champions. Berkshire will receive £85,000 spread over five years the biggest sponsorship in the club’s history. Summerleaze chairman Peter Prior, is also chairman of Maidenhead Cricket Club. The partnership with Middlesex, a first-class county, is to ensure that young cricketers in Berkshire have a direct pathway leading to first-class cricket.


Originally sourced from: ECB, County, Berkshire; additional content by Cricket Investor



Rajasthan Royals under investigation

By The Cricket Investor Team    |    Posted: April 25, 2017

Banned Indian Premier League (IPL) team the Rajasthan Royals are under scrutiny by the Central Bureau of Investigation (CBI). The Bureau has asked the suspended franchise for details of their 2011sponsorship deal with Floriana, a Delhi-based cosmetic firm that is found involved in a financial scam. Floriana was the jersey sponsors of the Royals side in 2011. The team players and the owner have been banned for life. The team will complete its two-year ban at the end of the ongoing IPL. The Royals officials, on their part, have claimed ignorance over the background of the company and said that they have complied with the notice instantly. “It is not exactly a notice. It was an inquiry sort of thing and we’ve replied to them immediately. We did not know what actually was the background of the company when we had signed them and we have found out about them (Floriana) only recently,” said a Royals official adding, “We have not yet received full payment from them.” It is understood that every company that has dealt with that firm has got similar notices. In a Youtube post of 2011, a certain Sanjay Jain, wearing the Royals jersey, is seen speaking about the group. He has claimed that theirs is an industrial house worth over US$1.2 billion and is fast expanding with diversified interests in sandalwood, cosmetics, spa and marble businesses. The Royals claim that the CBI notice notwithstanding, they are hoping to start their second innings with a clean slate. “We’re done with all the controversy and we want to return to the IPL in a big way,” said the RR official. The franchise was banned from the IPL for two years after one of its owners, Raj Kundra, was found guilty of placing bets and some of its players were caught involved in spot-fixing scandal in 2013.



Originally sourced from: Mumbai Mirror; additional content by Cricket Investor



Sandals Resort International sponsors U19 Jamaican cricket

By The Cricket Investor Team    |    Posted: April 25, 2017

A tripartite collaboration between Jamaica Cricket Association (JCA), Sandals Resort International for an Under-19 cricket competition and academy programme is aimed at ensuring that Jamaica returns to dominance in regional cricket. A three-year sponsorship of the JCA’s Under-19 programme valued at J$10.5 million has been agreed. Over the past 10 years, Jamaica has won six straight Regional First Class Championships for senior male cricketers and was just as dominant in the women’s equivalent, but there has been a steady decline in U-19 cricket recently. Director of Corporate Services at SRI, Jeremy Jones, said that cricket has been associated with his company for approximately 16 years, beginning with the Sandals Foundation Cricket Academy in the Eastern Caribbean. The Sandals under-19 Cricket Competition begins on June 17 with four teams competing in a round-robin format over four weeks, with the final for the Sandals trophy played in the fifth week. Teams included in the 50-over competition are the Eastern Flames, Western Heat, Northern Lights and Southern Sparks. The competition will be played at various locations including the Melbourne Oval, and Jarrett Park. Regarding the academy programme, players will be selected to undergo further technical development in the Sandals Cricket Academy at Sabina Park from July 3-20. The players will be selected to the academy based on performance, potential for development, discipline, attitude, aptitude and eligibility for future selection to the National Under-19 team. At the academy, the players will be exposed to media engagement skills, social interaction techniques and financial management planning. It is hoped that within five years, if the programme continues, Jamaica will place at least two persons from the initial cohort to the West Indies team.


Originally sourced from: West Indies, ; additional content by Cricket Investor



University renews sponsorship with Somerset

By The Cricket Investor Team    |    Posted: April 24, 2017

University Centre Somerset, the Higher Education delivery arm of Bridgwater & Taunton College, has renewed its contract as the Official Education Partner of Somerset County Cricket Club. This continues Bridgwater & Taunton College’s association with the Club which has seen it be an Education Partner since 2014. The Partnership programme will see University Centre Somerset branding on the Team’s training and match-day caps. It also represents the first steps in creating a closer partnership in supporting elite level sport and scholars which aims to provide higher education opportunities to players at all levels at Somerset County Cricket Club. It follows similar relationships University Centre Somerset and Bridgwater & Taunton College have with Yeovil Town Ladies Football Club, Bristol Rugby and Bristol City Community Trust.


Originally sourced from: Somerset ; additional content by Cricket Investor



Rajasthan Cricket Association elections stalled

By The Cricket Investor Team    |    Posted: April 23, 2017

The elections of Rajasthan Cricket Association slated for April 26 have been stalled on the ground that the provisions of the state Sports Act do not conform with the recommendations of Lodha Committee under the aegis of which these polls were scheduled to take place. The Election Officer AK Pandey called off the elections late on April 23 saying since the Registrar of Co-operative Society has refused to ratify the amendments in the Constitution of RCA, all poll-related proceedings would be stopped. Pandey claimed that the RCA has told him to suspend the elections. He did not give any future date for the polls. The faction led by former president C P Joshi are exploring court action stating. “It was RCA officials who about two months back in a special General Body Meeting adopted the amendments and they also knew about the recommendations of the Lodha Committee. Why did not they act in time? Moreover, the Registrar also did not act till so late. Both RCA and the Registrar are working hands in love” The RCA is currently headed by former IPL Commissioner Lalit Modi who is in exile and lives in London following charges of money laundering by the Enforcement Directorate. His 22-year-old son Ruchir has made entry into the RCA by winning a controversial election of Alwar District Cricket Association and he is running for the post of president. To make him eligible for the post of president, some amendments in the RCA Constitution were adopted by the AGM recently. The Registrar has, however, not ratified these amendments and has sent back to the RCA to reconsider them. A few more provisions of the Supreme Court-appointed Lodha Committee, like the appointment of an Ombudsman and age cap of 70 years for fighting elections, were not in accord with the Sports Act prevailing in the state. When Lalit Modi became the RCA president, the association was banned by the BCCI as the former IPL chief is currently under a life ban. Team Rajasthan played all domestic cricket for last two seasons under the aegis of BCCI.


Originally sourced from: The Statesman; additional content by Cricket Investor



Law Firm renew with Durham

By The Cricket Investor Team    |    Posted: April 21, 2017

Muckle LLP, the North East-based independent law firm, has agreed to a new three-year sponsorship partnership with Durham County Cricket Club. The law firm will continue to act on the club’s behalf with regards to legal matters, vital expertise and strategic business advice. As sole legal partner of Durham CCC, the sponsorship agreement will see Muckle branding appear prominently across the Riverside stadium including the pavilion, perimeter advertising boards and hospitality area. Muckle branding will also feature on the Durham website and as part of joint promotions and marketing activity.


Originally sourced from: Durham ; additional content by Cricket Investor



Court rules out Srinivasan as ICC representative

By The Cricket Investor Team    |    Posted: April 19, 2017

A Supreme Court ruling on April 17 has prevented former Board of Control of Cricket in India (BCCI) president N Srinivasan from representing it at any International Cricket Council (ICC) meeting. The ruling delivered by a three-judge bench, instead directed the BCCI’s acting secretary Amitabh Choudhary and CEO Rahul Johri to attend the ICC’s second round of quarterly meetings in Dubai between April 23-27. The court had been asked by the Committee of Administrators (COA) to clarify whether office bearers disqualified by the Lodha Committee’s recommendations could return as representatives of state associations or the BCCI. The judges said, however, that they would not deliberate the broader eligibility issue for now, concentrating instead on determining who from the BCCI will be negotiating in Dubai. Srinivasan was plotting a comeback and attended a special general body meeting (SGM) called by the BCCI on April 9, which was adjourned and held on April 18. Under the Lodha Committee recommendations Srinivasan was ineligible on three counts: he is over 70 years of age, has completed nine years as an office-bearer both at the Tamil Nadu Cricket Association (TNCA) and the BCCI. His position at TNCA flouts a court judgement of July 2016, which had approved the Lodha Committee’s recommendations.


Originally sourced from: BCCI; additional content by Cricket Investor



BCCI wants revenue reforms postponed to June

By The Cricket Investor Team    |    Posted: April 19, 2017

The Board of Control of Cricket in India (BCCI) passed a unanimous resolution at the Special General Meeting (SGM) held on April 18 that they would request that the International Cricket Council (ICC) makes no change to existing revenue sharing arrangements at its meeting in Dubai on April 24. The ICC Board is due to debate reforms that would reduce the share of the 'Big Three' nations (India, England and Australia). The BCCI wants debate postponed until the ICC holds its Annual General Meeting in London in June. Any decision on India's Champions Trophy participation will be taken only after the ICC meet but most of the members present at the Special General Meeting (SGM) of the BCCI were against taking any extreme position.
 


Originally sourced from: BCCI; additional content by Cricket Investor



IPL Indian viewing up 40%

By The Cricket Investor Team    |    Posted: April 13, 2017

The Indian Premier League (IPL) which started on 5 April has seen a rise of 40% in viewing for the opening matches.  The current season recorded 88.3 million impressions for the three matches played between 5 April and 7 April. The first three matches of IPL-10 include Sunrisers Hyderabad vs Royal Challengers Bangalore, Mumbai Indians vs Rising Pune Supergiants and Gujarat Lions vs Kolkata Knight Riders. In 2016, the ninth season of IPL had recorded 63.1 million impressions for first three matches across five channels— Sony Max, Sony Six, Sony Six HD, Sony ESPN and Sony ESPN HD, according to data released by television viewership measurement agency Broadcast Audience Research Council (BARC) India. Impressions, or television viewership in thousands (TVT), refer to the number of individuals in thousands of a target audience who viewed an event, averaged across minutes. Reach was also up with the first three matches reached 185.7 million viewers, almost 15% higher than last year. Reach is the number of target households in thousands where the event was viewed for at least one minute. During the same period last year, the reach was estimated at 160.7 million. However, due to changes in measurement system, the reach numbers may not be strictly comparable. BARC India had recently updated and aligned its TV universe in line with ground level changes in demographics, TV ownership and connection type among other things. After the update in March 2017, total television households in the country rose to 183 million from 154 million in 2013. Sony Max, owned by Sony Pictures Networks India Ltd, has been the official television broadcasters of IPL since the tournament began. The IPL meant that Sony Maxx became the second-most viewed channel with 853.49 million impressions, after Tamil-language general entertainment channel Sun TV. The average time spent by a viewer on the matches played has also risen by 56% jump. During the week, the first three matches were watched for 72 minutes (on an average per viewer) as against 46 minutes during IPL-9, according to a statement released by Sony Pictures Networks. IPL’s television broadcast rights and the internet and mobile rights, held by Novi Digital Entertainment Pvt. Ltd, a unit of Star India, are both set to expire after the 10th IPL edition.


Originally sourced from: IPL; additional content by Cricket Investor



Unofficial Special Meeting of BCCI Postponed

By The Cricket Investor Team    |    Posted: April 11, 2017

An ‘unauthorised’ Special General Body (SGM) Meeting of the Board of Control of Cricket in India (BCCI) began in New Delhi on April 9. The meeting, held in defiance of Supreme Court orders and the court-appointed Committee of Administrators (CoA), will now be postponed until Wednesday April 18. The primary issue of the six-point agenda for the meeting was the appointment of the BCCI’s representative to the meeting of the International Cricket Council (ICC) to be held in Dubai on April 24. Some BCCI officials wanted former president and controversial figure, N. Srinivasan, to take the role and argue against the restructuring of the global revenue system that will potentially see a drop in India’s share. Acting BCCI president CK Khanna, acting secretary, Amitabh Choudhary and treasurer, Anirudh Chaudhry, had issued the SGM notice on March 26 to support Srinivasan who turned up in his role as Tamil Nadu president. N. Srinivasan, along with many other state association officials who attended, have been disqualified as per the Lodha Committee recommendations on the 70-year age limit and on the basis of tenure caps. The meeting was adjourned before it formally began, as the board sought clarity from a court ruling to be made on April 10. The court hearing followed a clarification sought by the CoA after members backed Srinivasan on whether persons, who are rendered ineligible to hold posts in cricket bodies as per a July 18, 2016 judgement, can be nominated as BCCI representative to take part in the ICC meeting. However, the court’s interim communications appear to rule out Srinivasan by stating that officials ineligible to hold office in the Indian cricket Board or its affiliates cannot be nominated to attend the International Cricket Council meeting. “The man who is disqualified stands disqualified...There is a cap of 70 years given by this court. It is difficult to comprehend that a man who is not eligible goes to the ICC to represent the BCCI. We do not want violation of our orders,” the bench said. In contrast, BCCI lawyer Kapil Sibal argued that eligibility mattered only when it came to office-bearers and not while nominating people to meetings. However, the court will hear the matter again on April 17, before giving a final decision.


Originally sourced from: India; additional content by Cricket Investor



Entrepreneur Rebrands St Lucia Franchise

By The Cricket Investor Team    |    Posted: April 10, 2017

Caribbean Premier League (CPL) franchise St. Lucia Zouks have been rebranded as the St. Lucia Stars. The decision came from the franchise new owners and management, who decided to rebrand the name. The design of the logo contains three core elements; The World Heritage Pitons, the colour of the flag and the cheer – Born Lucian. The Pitons signify the height the team can achieve and the impact it can have on the people of Saint Lucia. The colours of the flag are splashed on the logo which are associated with St. Lucia. The franchise was acquired in October 2016 by now chairman Jignesh "Jay" Pandya of Royal Sports Club, based in Philadelphia. Pandya is the founder of the Rohan Group of companies, a real estate venture with over 100 combined commercial and retail properties that employs in excess of 1,200 people. He currently also serves as the Chairman of Global Sports Ventures, LLC and Royal Sports Club, LLC. The 2016 season saw the CPL, stage six matches in Central Broward Stadium in Lauderhill, Florida helping to elevate the competition to new heights in the USA.


Originally sourced from: CPL; additional content by Cricket Investor



Austell Brewery renews Somerset partnership

By The Cricket Investor Team    |    Posted: April 10, 2017

Somerset County Cricket Club and St Austell Brewery have agreed a new partnership deal that will see Tribute Cornish pale ale continue as the club’s title partner for a further four years. As part of the renewed partnership the Tribute ale logo will appear on the front of the Specsavers County Championship shirt and across the back of the Royal London One-Day Cup and NatWest T20 Blast shirts along with significant branding around the ground. The original agreement with Somerset in 2013 was the Brewery’s first venture into the world of top cricket and the success of the partnership has led to its renewal as well as a string of similar partnerships with other major West Country clubs.


Originally sourced from: Somerset; additional content by Cricket Investor



Cricket South Africa announces potential T20 League locations

By The Cricket Investor Team    |    Posted: April 06, 2017

Cricket South Africa has announced today that all 11 international accredited venues in South Africa will be in the running to become a host city venue for bidders seeking to own one of the eight City based franchise teams on offer. The inaugural edition of the League kicks off in November with December 16 set down to be the permanent date for the final every year. The prospectus sent to prospective bidders lists all 11 venues available as a team base. These are: Boland Park, Buffalo Park, Diamond Oval, Kingsmead, Mangaung Oval, Newlands, Senwes Park, SuperSport Park, St. George’s Park, Wanderers Stadium and Willowmoore Park. CSA Chief Executive, Haroon Lorgat commented: “Our new #T20 Global Destination League is aiming to create city rivalry across the country as we look to attract new audiences, especially the youth and families. While the level of private investment we expect will be new to South African sport, we are also very interested in the level of expertise that owners will bring to all levels of the game in South Africa.” In the event of more than one bidder seeking the same venue, an evaluation committee will assess the merits, including price, of the competing proposals.The process of acquiring team ownership is presently underway with the closing date for bidder proposals being 28 April 2017.
 


Originally sourced from: Cricket South Africa; additional content by Cricket Investor



Global Sports Ventures partners with National Cricket League

By The Cricket Investor Team    |    Posted: April 05, 2017

The National Cricket League of the USA (NCL) has announced an association with Global Sports Ventures, LLC (GSV) led by Chairman of Global Sports Ventures, LLC and Rohan Group of Companies, Mr. Jignesh (Jay) Pandya. Global Sports Ventures recently entered into a US$70 million licensing agreement with United States America Cricket Association (USACA) to start a professional Twenty20 (T20) league in the United States. To bring this vision to reality, GSV has also announced plans to invest US$2.4 billion to build eight cricket stadiums across the United States to professionalize the game in this country. The proposed eight stadiums, each having a capacity of 26,000+/- is being planned in New York, New Jersey, Washington DC, Georgia, Florida, Texas, Illinois and California that would create as many as 17,800 new jobs in the United States.  NCL is involved in organizing national/divisional cricket leagues, promoting talented players, introducing cricket in public and private recreational and school programs, developing cricket infrastructure by providing cricket coaching academy services and umpire training, and developing states and age-group based teams. 


Originally sourced from: NCL; additional content by Cricket Investor



Cricket Victoria faces clubs' revolt

By The Cricket Investor Team    |    Posted: April 04, 2017

Victoria's Premier Cricket clubs are close to open conflict with Cricket Victoria (CV) over plans to introduce an independent board to administer the game. There is growing speculation the Premier clubs are considering a vote of no confidence in Tony Dodemaide, the former Australian fast bowler who played 10 Tests, CV chief executive since 2007 and in CV chairman Russell Thomas. The 18 Premier clubs hold the majority of the 28 votes needed under the current CV constitution for change, and this power would be weakened if an independent board was introduced. Cricket Australia moved to the independent commission format in 2012 which was the biggest institutional reform in its then 107-year history. Dodemaide wants clubs to become more proactive in developing their region, in leading junior development and introducing women's teams. Resources could be focused in the State by a reduction in the number of Premier clubs and from the operation of a new memorandum of understanding – still be negotiated – with the Australian Cricketers Association. The clubs have their own complaints including VC’s selection of too many interstate-born players in the Victorian squad. The next meeting of Premier club presidents is in June, with the CV annual general meeting in August.


Originally sourced from: Australia; additional content by Cricket Investor



COA faces unauthorised spending charge

By The Cricket Investor Team    |    Posted: April 04, 2017

The BCCI is likely to challenge the Committee of Administrators (COA) on unauthorised spending at the special general meeting to be held in New Delhi on April 9. BCCI members have been displeased by recent COA payments to players, but the main challenge could centre on a decision to award Rs 1 crore (£123,000) to the Indian team that won the T20 World Cup for the blind in Bengaluru. This is not run by BCCI, which in fact has no scheme for cricket for the differently-abled. The BCCI members object to the CoA’s decision to award the amount without consulting them. According to board rules and practices, such payments or any payment out of the ordinary have to be cleared by the general body. Indications are there will be suggestions at the SGM to put this decision on hold. “This is one the several cases where the CoA has overstepped its jurisdiction. Looking after day to day affairs of the BCCI doesn’t include announcing special cash awards for an activity which is not recognised by the board itself. Several members have taken objection to this. Some are expected to raise this point at the SGM,” a BCCI member told the press. BCCI members, have recently received legal support in their struggle with the COA after winning a court order on March 24 overruled COA rules limiting tenure in office.
 


Originally sourced from: BCCI; additional content by Cricket Investor



COA faces BCCI discrimination claim

By The Cricket Investor Team    |    Posted: April 04, 2017

Twelve former Indian Test cricketers have written to the BCCI's Committee of Administrators (COA) seeking compensation for being `indiscriminately' left out of the one-time benefit payment made by the Indian cricket board in 2013. All these cricketers played one to nine Tests between 1970 and 2003. Vivek Razdan, Robin Singh (jr), Salil Ankola, Subroto Banerjee, TA Sekar, Bharat Arun, Suru Naik, Yograj Singh, Pranab Roy, Gulam Parkar, Rashid Patel and David Johnson have asked the COA and board officials to consider their request for compensation, leaving it to board officials to decide the compensation amount.

The letter from the former cricketers lauded the BCCI's decision to disburse Rs 70 crore (£8.6 million) to 130 former Test cricketers during the 2013 IPL final. But it argued that the criterion used for making the one-time payment was discriminatory by excluding cricketers who had played up to 9 Tests between 1970 and 2003. Unfairly, the letter stated, cricketers who had played ODIs were able to fulfil the criterion since according to another formula, 3 ODIs equalled one Test and so were then compensated in the first-class criterion category.


Originally sourced from: BCCI; additional content by Cricket Investor



Cionee sponsors Royal Challengers Bangalore

By The Cricket Investor Team    |    Posted: April 04, 2017

Chinese mobile handset maker Gionee has acquired the principal sponsor rights for IPL team Royal Challengers Bangalore. Gionee is already the principal sponsor for Kolkata Knight Riders (KKR). The company has previously signed up Vivat Kohli, now leading RCB on the field, as its main sports brand ambassador. Gionee, estimated to spend around Rs 75 crore (£9.3 million) on cricketing activities this year. Having the rights for the front jerseys for both KKR and RCB means that of around 60 matches to be played in the IPL, Gionee is assured of visibility in at least 28 outings. Gionee is positioning itself to become the most sought after brand in India, Africa and South East Asia in the next few years, with an investment of about Rs 500 crore (£62 million) made in its manufacturing units.


Originally sourced from: IPL; additional content by Cricket Investor



Australian Cricket hits attendance record

By The Cricket Investor Team    |    Posted: April 04, 2017

Australian cricket attracted nearly two million spectators during the 2016-17 season. A total of 1,863,846 people attended international cricket, the Big Bash League and the Women’s Big Bash League (WBBL), making 2016-17 the most highly-attended Australian cricket season on record. A total of 784,332 fans attended the two Test Series, against South Africa and Pakistan, the ODI Series against New Zealand and Pakistan, the Southern Stars series against South Africa, and the T20 International Series against Sri Lanka. The second season of the WBBL attracted more than 121,000 fans throughout the season. These record attendance figures were also backed up by strong TV ratings. An average of 1.05 million watched the Test, ODI, and T20 International matches broadcast on the Nine Network, with a peak audience of 2.19 million during Session 3 on Day 4 of the Test against South Africa in Adelaide. The BBL drew an average of more than 1 million viewers per match. The TV ratings for the BBL saw it win 31 of 35 nights and cement itself as the top-ranked TV program for families over the summer.  
 


Originally sourced from: Australia; additional content by Cricket Investor



Australian Cricket hits attendance record

By The Cricket Investor Team    |    Posted: April 04, 2017

Australian cricket attracted nearly two million spectators during the 2016-17 season. A total of 1,863,846 people attended international cricket, the Big Bash League and the Women’s Big Bash League (WBBL), making 2016-17 the most highly-attended Australian cricket season on record. A total of 784,332 fans attended the two Test Series, against South Africa and Pakistan, the ODI Series against New Zealand and Pakistan, the Southern Stars series against South Africa, and the T20 International Series against Sri Lanka. The second season of the WBBL attracted more than 121,000 fans throughout the season. These record attendance figures were also backed up by strong TV ratings. An average of 1.05 million watched the Test, ODI, and T20 International matches broadcast on the Nine Network, with a peak audience of 2.19 million during Session 3 on Day 4 of the Test against South Africa in Adelaide. The BBL drew an average of more than 1 million viewers per match. The TV ratings for the BBL saw it win 31 of 35 nights and cement itself as the top-ranked TV program for families over the summer.  


Originally sourced from: Cricket Australia; additional content by Cricket Investor



Cricket South Africa seeks players for T20 League

By The Cricket Investor Team    |    Posted: April 03, 2017

Cricket South Africa (CSA) has opened its register to receive applications from South African and foreign players interested in participating in its new T20 Global Destination League. The inaugural edition of the League will run in the last quarter of 2017 with the grand finale slated for December 16. A South African player is one who is eligible to represent the South African national team and is currently playing either franchise or semi-professional cricket in and for South Africa. A foreign player is defined as a player who is not qualified to play for the South Africa national team. He must be either a current or former international quality player. In the case of the latter he must be a player with a current high profile in the T20 format. "In addition to our own superstars, we have already secured an enviable list of eight marquee international players," commented CSA chief executive, Haroon Lorgat. In due course, eight marquee Protea players will be allocated to the franchises with each being assigned, as far as possible, to geographical locations associated with their careers. The same number of foreign marquee players will also be allocated to a franchise team in the first year. The rest of the players, which must include two rookies per squad, will enter a player draft system. There will be eight franchise teams participating in the T20 Global Destination League and each will be allowed a maximum of four foreign defined players in their 17-man squad.A template application form is available on the CSA website and has also been sent to all ICC Members as well as to the Federation of International Cricketers' Associations (FICA). All applications to be considered for the draft should be submitted by May 31 (17:00 CAT) to t20players@cricket.co.za.


Originally sourced from: Cricket South Africa; additional content by Cricket Investor



Opposition to Srinivasan rises

By The Cricket Investor Team    |    Posted: April 03, 2017

Rumours that N Srinivasan could have backing of majority of state units at the Board of Control for Cricket in India (BCCI) Special General Meeting (SGM), tentatively scheduled for April 9 to appoint a representative to the International Cricket Council (ICC) for the next eight years, is stirring opposition in and outside of India. Support for him comes from the cricket establishment and within the BCCI some officials are still Srinivasan confidants including joint secretary Amitabh Chaudhary and Treasurer Aniruddh Chaudhry. Claims that he fails Lodha Committee reforms on three counts – nine years in the state, nine years in the BCCI and is over 70, are set aside by supporters who contend that the age cap, at least, applies only to the office-bearers and not the members of any committee.

The BCCI representative must be chosen ahead of the ICC AGM which will be held in Dubai on April 27-28. In the last two ICC meetings, the BCCI has been represented by Vikram Limaye. The BCCI is opposed to proposed constitutional and financial reforms in the ICC which would reduce the proportion of global revenues received by India, Australia and England. But India require three votes to stop the reforms so the support of the two countries could be critical. The cricket associations of Bangladesh and Sri Lanka are known to be wary of Srinivasan "If the reform proposals come up for voting and Srinivasan is BCCI representative, don't be surprised if BCCI lose 1-9 or 2-8 may be," an informed source said.
It is also expected that the Supreme Court appointed Committee of Administrators (COA) may intervene if Srinivasan is chosen. COA head Vinod Rai has made it clear that the office bearers don't need their approval to convene an SGM but any deviation from Supreme Court order could initiate action. The Committee of Administrators (COA) has already called for a meeting with the officials of the Board of Control for Cricket in India (BCCI) at the opening of the Indian Premier League (IPL) opening ceremony in Hyderabad on April 5.  President CK Khanna, acting secretary Amitabh Choudhary and treasurer Anirudh Chaudhry are expected to attend in order to discuss the Srinivasan situation.


Originally sourced from: BCCI; additional content by Cricket Investor



Vivat Kohl Raises Fees Sharply

By The Cricket Investor Team    |    Posted: March 31, 2017

Virat Kohli has increased his endorsement fee to Rs 5 crore (£617,000) a day for new contracts. This is a substantial increase on the cricketer’s prior earnings of between Rs 2.5 (£309,000) crore to Rs 4 s (£494,000) per day. The endorsement fee hike coincides with contract renewal negotiations between Cornerstone Sport, Kohli’s agency, and PepsiCo. On average, companies sign contracts with celebrities for two to four days a year when the sports personality could be asked to be available to shoot commercials, appear at events, engage with fans, meet the media or interact with employees.



The fee rise reflects the relative bargaining positions of the parties. Kohli has signalled he is undecided about renewing the Pepsi contract, given health concerns about colas, while it is the opinion of many analysts that the company will fight hard to retain its contract with the Indian captain. In summer 2016, PepsiCo ended its 11-year association with Mahendra Singh Dhoni, the then one-day and T20 cricket team captain. 




PepsiCo will only confirm that the contract is up for renewal and in negotiation. The relative strength of Kohli and size of the loss to PepsiCo if he failed to renew suggests the likelihood is high that the company will raise fees offered. According to brand consultant, Harish Bijoor, the company are in a weaker position. He stated; "Cola is a troubled category for now and in this case, the company will certainly be keen on extending the contract. Apart from form, Virat represents panache and style, which is what a cola brand looks for." 


The Kohli brand is on the up. In October 2016, a report by corporate advisory firm Duff & Phelps estimated Kohli's brand value at US$92 million (£50 million) . This was estimated to have increased up at least 30% after Kohli led India to victory in the home test series against Australia. In February, 2017 Kohli became the first Indian sportsperson to sign an eight-year, Rs 110-crore (£13.6 million) endorsement deal with German sportswear Puma. He currently endorses 18 brands including Audi cars, MRF tyres, Tissot watches, Gionee phones, Boost milk drink, Colgate toothpaste.




Originally sourced from: India; additional content by Cricket Investor



Sachin Tendulkar app launched

By The Cricket Investor Team    |    Posted: March 31, 2017


A mobile phone app ‘100 MB’ has been launched dedicated to cricket celebrity Sachin Tendulkar has been launched. The app is conceptualised and developed by JetSynthesys and has been envisioned by Sachin himself. A song sung by Sachin with the ace singer Sonu Nigam will feature on the app on Sunday at 10 PM.Sachin said, “It will allow me to get closer to my fans. My journey started as a 10-year-old who saw India win the World Cup in 1983, so in my song, what I have tried to do is thank all those cricketers who have helped me realise my dream, six World Cups that I have been,” he added. “I was fond of music, but never thought I will sing a song,” he said. Among other things, all social media updates of Sachin will be available through the app.




Originally sourced from: India; additional content by Cricket Investor



Associations receive IPL money before tournament

By The Cricket Investor Team    |    Posted: March 31, 2017

The Supreme Court appointed Committee of Administrators (COA) of the Board of Control for Cricket in India has agreed to release match funds to state associations before they host their first IPL match. The payment norm was that staging association receive Rs 60 lakh (£74,000) for hosting each IPL match. From the total amount, Rs 30 lakh is paid by the IPL franchise before the start of the competition while the BCCI used to pay its share two weeks after its completion. Instead the COA, after a meeting with the officials from 10 state associations, has decided that the BCCI’s share that it disburses to staging associations will also be paid before the start of the IPL season. The representatives of 10 staging units (Delhi, Karnataka, Mumbai, Maharashtra, Bengal, Punjab, UP, Hyderabad, Saurashtra, MP) met the COA to discuss disbursement of funds. As a result of the COA decision Kolkata, Delhi, Bangalore will be getting a minimum of Rs 4.20 crore (£42 million) - Rs 60 lakh per match for minimum 7 games - before the start of the first match. Similarly, UPCA which is hosting two matches in Kanpur, will get Rs 1.20 crore (£12 million).
The decision follows a request made by the Supreme Court on March 24 2017 to the COA to release funds to state cricket associations, including Himachal Pradseh Cricket Association HPCA, holder of an India—Australia test, for organising matches. A Bench headed by Justice Dipak Misra also considered the plea of Maharashtra, Karnataka and Jharkhand state cricket associations, which have organised the last three test matches of the ongoing series, and asked the COA to release funds to them in accordance of the terms of the contract. The direction came when Additional Solicitor General Tushar Mehta, appearing for HPCA, said the COA is not releasing Rs. 2.5 crore (£25 million) required for conducting the test match which began March 25 in Dharamshala. The bench said BCCI owed in total over Rs. 8 crore (£80 million) to HPCA and the apex cricket body is “contractually bound” to release the money. However, he also said, the CoA had made disbursement of funds conditional to the HPCA giving an undertaking that it would abide by the R M Lodha panel’s recommendations on reforms. Some associations also noted similar problems in the staging of the Indian Premier League (IPL) matches, commencing from April 5. The Bench then said the CoA, state associations and franchise owners will have to comply with the terms of their tripartite agreement to ensure smooth conduct of IPL fixtures.


Originally sourced from: BCCI; additional content by Cricket Investor



Australian Female Cricketers gain 126% pay rise

By The Cricket Investor Team    |    Posted: March 28, 2017

Cricket Australia (CA) has lodged a formal pay offer to players and is refusing to back down on scrapping a long-standing fixed-revenue formula. One aspect of the offer is what has been called, by chief executive James Sutherland, as a "seismic shift" in the way that female cricketers were paid. The average salary for a Southern Stars player is set to jump by 126% from $79,000 (£49k) to $179,000 (£111k), with the average for domestic female players rising by $22,000 (£13.6k) to $52,000 (£32.2k). This follows a rise of 50% in 2016. However, despite the growing popularity of women’s cricket there still remains a vast gender payment gap. CA has stated that the average income for international male players, inclusive of match fees and performance bonuses, would be $1.45 million (£890k) by 2021/22 under the deal, an increase of 25 per cent on 2016/17 $1.16m (£719k). The new five-year Memorandum of Understanding (MOU) produced by the CA shows that it is not backing down on its desire to scrap a fixed-revenue payment model in place since 1998. Sutherland explains: "The model that we have proposed is one that not only secures increasing guarantees around player payments but, at the same time, international players - men and women - will share in surpluses. It's a slight variation on the previous model but it's an improvement." He believes the proposal will allow CA to increase investment at the grassroots level of the sport, while taking a huge step towards gender equality in pay. There have been a number of areas of disagreement during pay talks between the CA and the Australian Cricketers' Association (ACA). The urgency of an agreement in order to avoiding conflict will become intensified in the months ahead. The existing deal expires on June 30.
 


Originally sourced from: Australia; additional content by Cricket Investor



South Africa T20 franchises attract 150 bidders

By The Cricket Investor Team    |    Posted: March 28, 2017

Cricket South Africa (CSA) chief executive Haroon Lorgat, has revealed details about the shape and financial interest in the new T20 Global League. In a presentation made to politicians on the sports portfolio committee. The presentation revealed that CSA is expecting to make a R220m  (£13.6m) loss in the 2017, but Lorgat explained that the CSA worked in four-year cycles, he said, and the three financial years previous financial years had generated more than R410 million (£25.4m). Lorgat appealed to government to get behind the T20 project for its economic potential and benefits such as tourism. The eight-team tournament will be made up of city-based franchises. Of the 150-plus applications for franchise ownership, CSA confirmed that only a third were South African with India making up a significant number. Bidders have until April 28 to submit their final proposals. CSA will shortlist the potential bidders on May 11 and 12 and will interview the shortlisted candidates on May 29 and 30. The new team owners will be announced on June 19 before a player draft takes place on July 29. The tournament will run from November 4 - December 16. 
 
 


Originally sourced from: Cricket South Africa; additional content by Cricket Investor



Yorkshire set for £35 private loan

By The Cricket Investor Team    |    Posted: March 28, 2017

Yorkshire County Cricket have secured an investment of £35m which will allow the redevelopment of Headingley. Leeds City Council have brokered the agreement with a London-based investment group, subject to approval by their Executive Board. The future of the redevelopment project, costing £38m, has been in doubt since Leeds Council withdrew a £4m grant to the club in January as revealed at the AGM. The need to start the project is important for the ground’s future revenue from hosting internationals. Work must start in September on the new North/South stand adjoining both the cricket and rugby grounds in order for Yorkshire to keep hold of four World Cup matches in 2019. Completing the project would put the ground in a position to be allocated England internationals by the ECB between 2020 and 2024, with Yorkshire's current staging agreement running out at the end of 2019. Under the redevelopment proposals a new rugby south stand and a replacement for the existing joint stand, which overlooks both the rugby pitch and cricket ground would be built. Under initial plans for the redevelopment of Headingley stadium funding was due to be raised from the development of two sites for housing development located off Weetwood Avenue, Weetwood and off Old Thorpe Lane, Bradford Road, Tingley. These plans were dropped after running into planning difficulties.


Originally sourced from: Yorkshire CC; additional content by Cricket Investor



New Beer Sponsor for Cricket Australia

By The Cricket Investor Team    |    Posted: March 28, 2017

Cricket Australia has announced that Lion, an Australian food and drink company will become a Gold Partner of Cricket Australia and the Australian Men’s team for a period of four years starting 1 July. Lion replaces Carlton & United Breweries (CUB), partners for 20 years, as Cricket Australia’s Official Beer and Cider Partner for international cricket. The CUB deal is estimated to have been was worth an estimated A$65m (£40.3m) over the past five years. Lion's Gold sponsorship will see its beers stocked at all CA official functions, along with designated signage at stadiums. The partnership does not include any branding of player clothing. The choice of another alcohol sponsors has been controversial. The Royal Australasian College of Physicians had called for Cricket Australia to rule out striking another such sponsorship deal. However, Lion and Cricket Australia appear to want to promote responsible drinking through the deal. The Chief Executive Officer of Cricket Australia, James Sutherland, said that; “XXXX Gold is the number one mid-strength beer in the country and will be a great moderation choice for fans attending our games. Lion and Cricket Australia both have a relationship with DrinkWise Australia and we look forward to working collaboratively to promote a positive drinking culture at games, where fans never miss a moment of the action." Lion's Marketing Director, Ben Slocombe, explained argued that: “Lion has invested for decades in mid-strength beers, which provide consumers with credible options to moderate consumption.” 


Originally sourced from: Austalia; additional content by Cricket Investor



Nursing Agency renews shirt sponsorship with Kent

By The Cricket Investor Team    |    Posted: March 26, 2017

Nursing agency Go Tec have extended its shirt sponsorship of Kent County Cricket Club for the Specsavers County Championship this summer. Kent have revealed their new shirt where Samurai Sportswear have incorporated a geometric pattern to the whites and used the club colours of maroon and blue as trim on the flanks of the shirt. West Malling-based Go Tec is one of the UK's fastest growing, independent nursing agencies who specialise in providing temporary and permanent staffing solutions. Aylesford-based hire company FGS Plant will have a collar logo after sponsoring the club’s pre-season West Indies Tour. Shackleton Design, located in Betteshanger Park, is featured on the sleeve as part of a new partnership to create the club’s Annual and printed marketing materials. The shirt will be first worn in the first-class match against Leeds-Bradford Universities on Tuesday 28 March at The Spitfire Ground, St Lawrence.
 



Originally sourced from: Kent; additional content by Cricket Investor



Value of Indian contracts doubled

By The Cricket Investor Team    |    Posted: March 25, 2017

The Committee of Administrators (COA) of the Board of Control of Cricket in India (BCCI) has announced the terms and payment of its Annual Player Contracts for male cricketers for the period ending 30 September 2017.  Crickets are allocated into three Grades, A, B and C. The Annual Retainer amounts for all grades have been doubled. Grade A players will be paid Rs 2 crores (£250,000) per annum, Grade B will be paid Rs 1 Crore (£125,000) per annum and Grade C will be paid Rs 50 lakhs (£62,500) per annum. The Match Fee enhancement for male cricketers will be effective from Oct 1st 2016 onwards at Rs 15 lakhs (£20,000) per Test, Rs 6 lakhs (£7,360) per ODI and Rs 3 lakhs (£3,680) for T20 International.
Grade A
Virat Kohli, MS Dhoni, R Ashwin, Ajinkya Rahane, Cheteshwar Pujara, Ravindra Jadeja, Murali Vijay.
Grade B
Rohit Sharma, KL Rahul, Bhuvneshwar Kumar, Mohammed Shami, Ishant Sharma, Umesh Yadav, Wriddhiman Saha, Jasprit Bumrah, Yuvraj Singh.
Grade C
Shikhar Dhawan, Ambati Rayudu, Amit Mishra, Manish Pandey, Axar Patel, Karun Nair, Hardik Pandya, Ashish Nehra, Kedar Jadhav, Yuzvendra Chahal, Parthiv Patel, Jayant Yadav, Mandeep Singh, Dhawal Kulkarni, Shardul Thakur, Rishabh Pant







Originally sourced from: BCCI; additional content by Cricket Investor



Funding battle threatens Yorkshire Tests

By The Cricket Investor Team    |    Posted: March 25, 2017


A funding battle between Leeds City Council and Yorkshire County Cricket Club is threatening Headingley stadium’s international status. The ECB has previously written to Yorkshire to confirm the ground does not meet international requirements so will not be considered for matches after its current staging agreement runs out after the 2019 Ashes series. The ground does not have a big enough capacity unless a new stand is built. The club needs £17m to proceed with the development of the ground, but an offer of £4m from Leeds City Council has been withdrawn over internal pressures. The local authority, which is facing political turmoil, is being forced to make large savings and cut thousands of jobs. The Yorkshire County Cricket Club AGM, earlier this month, revealed no definite plans for the necessary funding. The Club also withdrew two planning applications which would have helped fund the site with residential development plans for surrounding land. Sources said that there was an ongoing effort to find a funding solution to redevelop the Main Stand at Headingley, in conjunction with Leeds Rhinos, as the stand backs onto both stadiums. If the YCCC and the council are unable to find a funding solution to enable building work to start by September 2017, the stand will not be finished in time for the 2019 World Cup. Those fixtures will subsequently be taken from Headingley and make it difficult for the Club to secure Test Match status for the year 2020-2024, when the next round of international fixtures are allocated. Steve Denison, chairman of the YCCC, said: “There is no guarantee we would be able to host one of the new T20 teams as we haven’t got a stadium up to scratch. It does look quite gloomy.”  At the recent AGM the Yorkshire County Cricket Club made a small surplus before taxation of £3,000 in 2016.  Growing levels of trading have also led to an increase in Operating Profit of over £1.1m. But although a financial restructuring of the Club in December 2015, produced a reduction of approximately £300,000 per annum in the Club’s interest payments, it still has debts of over £24m. Capital expenditure is on hold and the main investment in the stadium during the year has been the provision of free WiFi for the benefit of all visitors.




Originally sourced from: Yorkshire CC; additional content by Cricket Investor



Nutrition X partners with Gloucestershire

By The Cricket Investor Team    |    Posted: March 20, 2017

Gloucestershire County Cricket has announced that Nutrition X, a sports nutrition brand, have become the club’s Nutrition supplier for the 2017 season. Nutrition X offers a range of products scientifically formulated by a team of sports nutritionists to support athletic performance across a range of disciplines. Each Nutrition X product is batch-tested and submitted to Informed Sport for certification, ensuring that every product is tested for a wide range of substances listed on the WADA (World Anti-Doping Agency) banned substance list. James Markey, Managing Director of Nutrition X, commented on the partnership: “It goes without saying that we’re incredibly excited to be working with Gloucestershire CCC as their Official Nutrition Partner for the upcoming season, not least due to the fact that we’re a fellow Gloucestershire-based business.” Gloucestershire’s Strength & Conditioning Coach, Bob Smith said: “The company are supporting our sports nutrition programme through education in the use of effective supplements. We are excited to access the expertise and products designed by Dr Graeme Close and Professor Don McLaren of Liverpool John Moores University.”
 


Originally sourced from: Gloucestershire; additional content by Cricket Investor



College sponsors women’s cricket in Worcester

By The Cricket Investor Team    |    Posted: March 18, 2017

Worcestershire Women's Rapids cricket have acquired the support of Heart of Worcestershire College as their main sponsor for the 2017 campaign. HOW College will be sponsoring the Worcestershire 50 over and 20 over sides which compete in the Royal London One-Day Championship and NatWest County T20 competitions. They will also provide financial backing to enable the women first team members to promote women's cricket via coaching in schools across the county. In the past two years there has been a 300 per cent growth in women's and girl’s cricket throughout Worcestershire. HOW College is based in Deansway, Worcester and was formerly known as Worcester College of Technology.


Originally sourced from: Worcestershire; additional content by Cricket Investor



Land Sale helps Kent gain £1.87m surplus

By The Cricket Investor Team    |    Posted: March 18, 2017

Kent County Cricket Club has announced its financial results for the year ending October 31, 2016. The EBITDA (earnings before interest, taxes, depreciation, and amortisation) loss for the year was £65,835, but after interest, depreciation and the net impact of other items, the club generated a surplus for the year after taxation of £1.897 million.  There was an exceptional item in that during the year the Club completed the sale of land on the Old Dover Road side of The Spitfire Ground, St Lawrence to McCarthy and Stone. The Club’s AGM will be held at 7pm on Tuesday 28th March at The Spitfire Ground, St Lawrence.


Originally sourced from: Kent County; additional content by Cricket Investor



Skipton Building Society partner with Yorkshire

By The Cricket Investor Team    |    Posted: March 14, 2017

The Yorkshire County Cricket Club has announced that Skipton Building Society will become its new official partner. As an official partner, Yorkshire CCC and Skipton Building Society will work together on new initiatives at Headingley, such as volunteering opportunities with the Yorkshire Cricket Foundation and developing joint benefits for the Club’s and Skipton’s customers. The Club have enjoyed a longstanding relationship with the building society which has 98 branches in the UK, 30 of which are in the Yorkshire area.


Originally sourced from: Yorkshire CC; additional content by Cricket Investor



Sharks Travel become Travel Provider to Sussex

By The Cricket Investor Team    |    Posted: March 13, 2017

Sharks Travel, have become the Official Fan Travel Provider to Sussex Cricket. Sharks Travel, which will be operated by Event Travel Hub, will run a return coach travel service from over 30 pick-up locations across Sussex, to all of the Sharks’ home NatWest T20 Blast fixtures in 2017 including the match at Arundel Castle. The pick-up locations will span across a number of towns and villages across the county, and Sussex’s members will also be able to benefit from reductions in prices on the cost of coaches to the matches. Darren Gallis, Director of Event Travel Hub said, “Having successfully implemented our Seagull Travel brand with Brighton and Hove Albion FC, we believe we have the ability to deliver a travel solution which will enhance the Sussex Cricket matchday by providing a tailored travel service from over 30 pick-up locations… We are committed to building a reliable, professional and timely travel package whilst working with Sussex Cricket’s existing Official Coach Travel provider Cordery Coach.”


Originally sourced from: Sussex County Cricket; additional content by Cricket Investor



Cricket Sri Lanka makes Rs 200m surplus

By The Cricket Investor Team    |    Posted: March 12, 2017

Sri Lanka Cricket’s management team have produced a surplus of Rs 200m ($1.32m) for the year 2016. The (unaudited) financial statements demonstrate that the new team has displayed a steady upward trend characterized by greater accountability, transparency and financial discipline. According to President of Sri Lanka Cricket Hon. Thilanga Sumathipala when they took over the national cricket body they were facing a budgeted cash deficit of Rs. 320 million for 2016 which has been transformed by measures to curtail expenses whilst prioritizing the national team and investing in the future. He said, “We had a very successful first year in office. 2016 saw a combination of unprecedented milestone and well met challenges.” The president added that it is the aim of Cricket Sri Lanka “to grow exponentially and increase revenue whilst ensuring that investments are made strategically to meet our vision of creating a just and fair opportunity for every outstanding cricketer to present our country.”


Originally sourced from: Cricket Sri Lanka; additional content by Cricket Investor



Players to be questioned in PSL fixing case

By The Cricket Investor Team    |    Posted: March 11, 2017

The Pakistan Cricket Board’s (PCB) anti-corruption unit (ACU) has summoned its players Mohammad Irfan and Shahzaib Hasan for questioning in the Pakistan Super League spot-fixing case. The ACU had asked Irfan and Shahzaib to meet them on Tuesday in Lahore at the board headquarters. “The ACU is not satisfied with the replies they got from both players regarding their interaction with some suspicious people in Dubai during the PSL. They have been called for questioning,” a spokesperson said. The board has already appointed a former judge of the Lahore High Court, Justice Asghar Haider, to head a three-member judicial tribunal which will investigate the spot-fixing charges against Sharjeel Khan and Khalid Latif  who were sent back from Dubai during the PSL for their meetings with a suspected bookmaker.


Originally sourced from: Indian Express; additional content by Cricket Investor



Oppo win Indian team rights for US$162m

By The Cricket Investor Team    |    Posted: March 11, 2017

A mobile phone company, OPPO Mobiles India, a subsidiary of its Chinese parent group, has won the right to sponsor the Indian cricket team sponsorship rights for a five-year period from April 1 2017. OPPO Mobiles will pay INR 1079 crore (US$162 million) having outbid Vivo, another smart phone operator. Vivo bid INR 768 crore (US$ 115 million). The minimum reserve price was set by the Board of Control of Cricket in India (BCCI) at INR 538 crore (US$81 million) and the winning bid was a substantial increase on the previous contract showing the rising value of Indian cricket. OPPO's bid was worth INR 4.61 crore (US$693,000) per match for bilateral series and INR 1.51 crore (US$227,000) per match for ICC sponsored tournaments. The existing team sponsor, Star India, had paid INR 1.92 crore (US$289,000) and 61 lakh (US$92,000) per match for bilateral and ICC tournaments respectively. The team sponsorship rights bring with them the opportunity to display a commercial logo on the men's, women's, Under-19 and A teams' kits. The period 1st April 2017 until 31st March 2022 will see India play 14 home series and 20 overseas series, which also include the ICC Champions Trophy, ICC Cricket World Cup and the World T20 events. Diana Eduljee, member of the Supreme Court-appointed Committee of Administrators, said they were satisfied with the bidding process. "There was transparency and everything was in order," she said in a press conference in Mumbai.


Originally sourced from: ESPN; additional content by Cricket Investor



Sri Lanka Cricket blacklists supplier

By The Cricket Investor Team    |    Posted: March 11, 2017

A supplier who had supplied Sri Lanka Cricket with a stock of sub-standard nets, has been blacklisted with immediate effect and payments would not be made until a new stock is supplied, Treasurer of Sri Lanka Cricket Shammi Silva said. He also added that the supplier will no longer be permitted to participate in future tenders. The supplier in question is said to have followed stringent protocol procedures and had even produced samples which were in line with the necessary requirements. However upon inspection it was revealed that he had supplied inferior nets. The management of SLC has halted all payments and has requested the supplier to resupply the correct nets. The substandard ones would be removed indefinitely.



Originally sourced from: Cricket Sri Lanka; additional content by Cricket Investor



Insurance Company Support West Indies Derby game

By The Cricket Investor Team    |    Posted: March 10, 2017

Derbyshire County’s historic day/night first-class tour match versus the West Indies at The 3aaa County Ground starting on Friday 11 August 2017 will be sponsored by Bell & Co, the club’s Official Insurance Partner. It will be known as the Bell & Co Tour Match and it is the third successive year that Bell & Co have supported international cricket at Derby, after sponsoring tour matches against Australia and Sri Lanka A in the previous two seasons. The day/night first-class fixture at The 3aaa County Ground and will be played under floodlights with a pink ball. Pending ICC confirmation, the game will start at 2pm and finish at 9pm. Bell & Co. recently moved premises into the club’s ground.


Originally sourced from: Derbyshire CC; additional content by Cricket Investor



Nottingham reveals new Masuri kit

By The Cricket Investor Team    |    Posted: March 10, 2017

Nottinghamshire’s reveals new kits for the 2017 season as the club commence a new partnership with Masuri. The new clothing includes shirts for T20, 50-over and four-day cricket as well as a full range of training wear and helmets.  The new partnership has innovated with a silhouette of Trent Bridge appearing on the front of the two limited-overs shirts, which are both predominantly green and feature a subtle difference in collar. Nottinghamshire’s Team Sponsor, John Pye Auctions, is emblazoned across the front of all three shirts for a third successive season.



Originally sourced from: Nottingham; additional content by Cricket Investor



Bank Renews CPL Sponsorship until 2020

By The Cricket Investor Team    |    Posted: March 10, 2017

Trinidad and Tobago based financial services Republic Bank Limited (RBL) has renewed its sponsorship of the Twenty20 Caribbean Premier League (CPL) for a further three years.  The CPL was established by the West Indies Cricket Board (WICB) in 2013 and over 149 million fans watched the 2016 season, combining broadcast and digital viewership. RBL has been a sponsor of the CPL for the previous two seasons. The financial terms of the new agreement, which runs until the end of the 2020 campaign, have not been revealed. Damien O’Donohoe, chief executive officer of the CPL welcomed the renewal and Nigel Baptiste, managing director of RBL, added: “This partnership has given us the opportunity to not only augment our focus on building successful societies, both locally and regionally, but to also help provide the economic and environmental benefits of tourism – a sector that is critical to the development of many of our Caribbean countries.” The Hero CPL is expanding its role in the region’s largest sports-entertainment event and as part of the arrangement all CPL banking activity will move to the bank who will assist in helping navigate the inter-island challenges.


Originally sourced from: CPL; additional content by Cricket Investor



Glamorgan make £308k operating loss

By The Cricket Investor Team    |    Posted: March 09, 2017

Glamorgan have announced a loss of £307,778 for the 2016 financial year, compared to an operating profit of £593,000 in 2015. The Earnings before Interest Taxation and depreciation (EBITDA) was produced from turnover of £6,67m. Cardiff Council agreed for £4.4m of debt to be cancelled, while Allied Irish Bank also agreed a 70% write-off of its debt and former chairman Paul Russell accepted a 75% loss. Revenue from membership, hospitality boxes, sponsorship and domestic match gate receipts all increased year on year, whilst a particular success off the field has been the continued development of the venue’s conferencing and banqueting business. After reporting a turnover in excess £1m for the first time in 2015, non-match day business has risen a further 25% to £1.35m. During the 2016 financial year Glamorgan staged a first home domestic Twenty20 quarter-final for 12 years and staged two England international matches against Sri Lanka and Pakistan. The club also diversified its activities after holding pop concerts involving Simply Red and the Kaiser Chiefs and hosting darts events. "2016 has been a year of financial consolidation, building upon stability delivered through the 2015 debt write-down," said chief executive Hugh Morris. "Sandwiched between an Ashes year in 2015 and the Champions Trophy in 2017, 2016 was always projected to be the most testing year in the current cycle of allocated international cricket fixtures. 2017 to 2019 will be important years, with two ICC events, and two substantial distributions from the ECB, alongside a solid portfolio of one-day internationals and International T20 matches. “ Glamorgan hosts England, New Zealand, Bangladesh, Sri Lanka, Pakistan and South Africa this June in Cardiff.


Originally sourced from: Glamorgan; additional content by Cricket Investor



Northampton County halve losses

By The Cricket Investor Team    |    Posted: March 08, 2017

Northampton County Cricket Club have reported a reduced pre-tax loss of £182,119 from for the 12 months ended 30 September 2016 from £376,004 the previous year.  The improvement was realised as a result of a rise in turnover of 3.9% to reach £3.798 million in 2016 and reductions in the cost of sales and administrative expenses. The club reduced its squad size to bring its expenditure in line with its income and more comparable to similar sized counties without impacting on on-field performance. The result was that Earnings before interest tax and depreciation (EBITDA) rose significantly from £18,807 in 2015 to £213,844 last year. Club chairman Gavin Warren attributed the success to the work of chief executive Ray Payne and coach David Ripley. “David Ripley has been quite magnificent; he has exceeded the board's expectations not only winning the T20 for a second time but producing England representative players, “ he said. The club is now generating positive free cash flow, but at the balance sheet date had long-term debts of £3.18


Originally sourced from: Northhampton County AGM; additional content by Cricket Investor



Insulation Group sponsors Middlesex County Cricket League

By The Cricket Investor Team    |    Posted: March 08, 2017

Middlesex County Cricket Club has announced that Kingspan Insulation has become one of the club’s Executive Partners from 2017.  The new Executive Partnership will see Kingspan unveiled as the new headline sponsor of the Middlesex County Cricket League. Kingspan, founded in 1965 as a small family owned engineering and contracting business in Kingscourt, Ireland, and now employs over 10,000 people. Kingspan manufactures a diverse range of innovative products for the global property market in over 90 locations, including the commercial sector. One of their most recent projects saw their products installed in the Warner Stand redevelopment at Lord’s Cricket Ground. Speaking of Kingspan’s new sponsorship of the Middlesex County Cricket League, Bob Baxter, Chairman of the League and Middlesex County Cricket Club Executive Board member said. “The MCCL has been without a sponsor for several years and this investment will go a long way to help out our clubs financially in a time of rising costs as well as helping with initiatives like funding umpires’ and scorers’ courses which are vital in terms of getting more officials back into the game.”


Originally sourced from: MCC; additional content by Cricket Investor



Most Associations have failed to reform

By The Cricket Investor Team    |    Posted: March 05, 2017

After seeking a compliance report from the CEO of the Board of Control for Cricket in India (BCCI) in the matter of implementing the Lodha Panel reforms, the Committee of Administrators (COA) filed its first status report in the Supreme Court on Saturday (March 4). Acting on the CEO's compliance report submitted on February 10, the COA has once again submitted all timelines for implementation of reforms, supplied by the Lodha Committee secretary Gopal Sankaranarayanan; minutes of the September 30, 2016 Special General Meeting (SGM); and a copy of the affidavit filed in November 2016 by former BCCI secretary Ajay Shirke.The status report highlights the fact that the reforms are "yet to be implemented" by majority state associations.


Originally sourced from: BCCI; additional content by Cricket Investor



Cricket Australia determined to break player revenue sharing model

By The Cricket Investor Team    |    Posted: March 05, 2017

The board of Cricket Australia (CA) wants to break up the fixed revenue-percentage model that has been in place since the Australian Cricketers Association (ACA), the players union was founded in 1997. Cricket Australia’s chief executive James Sutherland, is “absolutely committed to a partnership" with the Australian Cricketers Association Australian, but like other partnerships such as that with international television rights holder Channel Nine, this one should not be based on revenue sharing. Revenue sharing lies at the core of disagreements with the players' union during the current round of pay negotiations which led to the break-down of talks between employers and union last December. Sutherland has responded by by-passing the ACA and communicating directly with the contracted players.  In response Alistair Nicholson, chief executive of the ACA, has sought more detailed financial information from CA which he claims is being withheld. He said that "the players remain committed to the Revenue Sharing Model that has served the game for the past 20 years and that must be extended to include all female players. Steve Smith, Meg Lanning, Dave Warner and Alex Blackwell wrote to CA in December requesting that CA deal directly with the ACA in the negotiations and stop writing to the players directly. I think we all expect that this wish be respected." It is expected that CA will again take its case to the players when submitting a formal offer in the next few weeks.
 


Originally sourced from: Australian Herald; additional content by Cricket Investor



Hyderbad Association accused of Corruption

By The Cricket Investor Team    |    Posted: March 03, 2017

The Hyderabad Cricket Association (HCA) is again facing charges of corruption. It has been accused of having had misused funds allotted to it for hosting the one-off Test between India and Bangladesh on 9 and 13 February when India defeated Bangladesh by 208 runs. The HCA has been accused of giving away tickets for free and running up a food bill of Rs 75 lakh (US$112,500) providing free meals to members, officials and a 2,000 strong police contingent. Corruption is a problem in Indian cricket and the accusations stem from a report made by Ratnakar Shetty, appointed as the 'match observer' for the Test by the Board of Control of Cricket in India acting on the Supreme Court's directions. According to The Hindu, the report was handed to a division bench of the Hyderabad High Court comprising of Acting Chief Justice Ramesh Ranganathan and Justice Shameem Akhter who described the contents of the report as 'damning'. The Court criticised the allotment of 11,500 of the 39,000 total tickets that went up for sale as 'complimentary' according to The Indian Express. A majority of the contracts that were awarded for the match had no proper bids in place, with a couple of contracts being settled on the basis of single-vendor bidding. Furthermore, the HCA violated the rules set by the Supreme Court-appointed Lodha committee by letting an official, who was supposed to vacate his post as per the latest directions, continue to hold office and carry out duties in the one-off Test. In the past audit firm Deloitte has accused the HCA of distributing gold coins among its managing committee members and giving their wives jewellery.


Originally sourced from: The Hindu; additional content by Cricket Investor



Sussex makes £488k loss

By The Cricket Investor Team    |    Posted: March 02, 2017


Sussex Cricket Ltd made a loss after tax of £488k, but before depreciation its operating profit was £1k in for the year to 31 October 2016. This was its first year as a new integrated organisation responsible for both professional cricket and the recreational game. These consolidated figures include the charitable subsidiary, Sussex Cricket Foundation, and are an improvement of the comparative figure of an operating loss of £139k recorded in the previous year. The combined turnover of £6.5m showed a decline in match income but a strong performance in commercial income. Since The 1st Central County Ground was redeveloped in 2011, net revenues for catering, events and rental income has increased by some £500k per annum. The balance sheet remains strong with total equity of £10.3m and there is no external debt. Jim May, Chairman of Sussex Cricket, said, “Balancing our finances remains a constant challenge but these were satisfactory figures for the new organisation. We are forecasting a surplus after depreciation in the current financial year aided by a one-off distribution from the ECB.”




Originally sourced from: Sussex County Cricket; additional content by Cricket Investor



Masuri to supply Warwickshire

By The Cricket Investor Team    |    Posted: February 28, 2017

Masuri will provide navy Warwickshire helmets and yellow Birmingham Bears helmets for the professional squad as part of the new deal available in shops from April. Gareth Roberts, Commercial Director of Warwickshire CCC, said:  Working with Masuri ensures that we provide our players with one of the safest and most comfortable helmets that’s available in the game.” Managing Director of Masuri said "Warwickshire CCC is very clear that they want to be able to offer only the best in safety to its players, and as such this partnership is a perfect fit." Masuri was started in South Africa in 1988, but now operates from Winchester in the UK and distributes around the world.


Originally sourced from: Warwickshire; additional content by Cricket Investor



Notts County lose £741k

By The Cricket Investor Team    |    Posted: February 27, 2017

Nottinghamshire County Cricket club announced a pre-tax loss of £741,076 for the year to 30 September 2016 at its 2017 Annual General Meeting. This follows a profit of £1,180,636 the previous year. The result was revealed to be an improvement of more than 50% on the budgeted figure. Membership holding strong at 7,500, together with two sell-out Royal London One-Day Internationals and a NatWest T20 Blast average attendance in excess of 11,000, all contributed to the better than expected result. A return to profitability is budgeted for 2017 and 2018.


Originally sourced from: Notts County; additional content by Cricket Investor



The UAE to host 2017 Indoor World Cup

By The Cricket Investor Team    |    Posted: February 25, 2017

The Insportz Club, the Middle East’s first indoor sports facility set up in 1997 will host the 2017 World Indoor Cricket Federation (WICF) World Cup. The UAE, in partnership with Cricket Australia, has secured the hosting rights for the World Cup which will be held over seven days from September 16-23. The WICF overlooks and maintains the rules of indoor cricket. It is the international governing body of indoor cricket responsible for the organisation and promotion of various international indoor cricket events (such as the World Cup) as well as the development of the sport itself throughout the world. The Emirates Cricket Board’s (ECB) spokesperson, Zayed Abbas expects around 1,000 people to arrive for the event and the venue will revamp the spectator-viewing facilities and create temporary stands. Over 400 players and officials will be flying into UAE for the event at Insportz that has fully air-conditioned multipurpose courts. The event will see cricketing talent from Australia, New Zealand, South Africa, England, Sri Lanka, India, Singapore, Malaysia and the UAE. Indoor cricket in UAE got started from Insportz which has 20 years of experience of staging indoor cricket.


Originally sourced from: UAE; additional content by Cricket Investor



Leicester borrow £700,000 from Council

By The Cricket Investor Team    |    Posted: February 02, 2017

Leicestershire County Cricket Club’s plans to further improve the Fischer County Ground will be facilitated by a £700,000 loan from Leicester City Council. The funds are being borrowed against guaranteed future income from the England and Wales Cricket Board (ECB) which will enable the full repayment of the loan to be made to the city council in 2018. The scheme is based on a previous £1m loan borrowed from Leicester City Council in February 2016 which enabled ground improvements to be made ahead of the ICC Women’s World Cup 2017 and was repaid in full. As part of the agreement, Leicestershire CCC paid a 5% interest rate on the £1m loan and will pay the same amount to the city council on the £700,000 loan. At the end of last month LCC Leicestershire County Cricket Club announced a net profit for the second year in a row. The financial statements for the year ending 30th September 2016 show a net profit of £8,813 (2015: £4,315). This follows three years of cumulative losses in excess of £500,000 between 2012 and 2014.


Originally sourced from: Mercury; additional content by Cricket Investor



Sponsor renews with Barry youth team

By The Cricket Investor Team    |    Posted: February 02, 2017

Cadwaladers, a Welsh chain of ice cream parlours, has renewed its sponsorship of Barry Athletic Cricket ‘s youth section.  Last year Cadwaladers supported the club with financial backing, but provided the location for parents to start and end the sessions with discount cards provided along with training jackets for the children. Cadwaladers have agreed to sponsor the youth section to enable the coaches to provide expert coaching and tuition. Last year Cadwaladers sent nine coaches on training courses.


Originally sourced from: Barry News; additional content by Cricket Investor



India and Sri Lanka reject revenue sharing plan

By The Cricket Investor Team    |    Posted: February 02, 2017

The Board of Control for Cricket in India (BCCI) and the Sri Lankan Cricket Federation have both rejected a proposal to change the financial and governance structure of the International Cricket Council (ICC) despite agreement from most Test playing nations including Australia and England. Vikram Limaye, India´s representative in Dubai on the ICC, said the board had insufficient time to "take an informed view" on the proposal. The ICC announcement comes days after India´s Supreme Court appointed a new team to oversee the cricket board, after sacking its top officials for failing to implement reforms. The proposal would reverse a 2014 decision to cede control of the ICC to the "Big Three", a move which saw Australia, India and England attract most of the game´s global revenue. The ICC, under the guidance of India´s Shashank Manohar, wanted to revise the revenue sharing model to ensure equitable distribution and equal weight of votes for all 105 board members,


Originally sourced from: ICC; additional content by Cricket Investor



Cricket Australia strengthens commercial arm

By The Cricket Investor Team    |    Posted: February 02, 2017

Ben Amarfio, marketing and digital manager at Cricket Australia (CA), will take over the national cricket body’s vacant chief commercial position in a restructuring of the executive management team. Amarfio will still oversee CA's digital arm and broadcast rights but will no longer be in charge of communications. Instead a new public affairs department overseeing communications, government relations and infrastructure, has been created to be led by the former Rio Tinto executive Mark O'Neill, who had also served as an advisor to the former Prime Minister Paul Keating.


Originally sourced from: Sponsorship News; additional content by Cricket Investor



South Africa seeks investment in new League

By The Cricket Investor Team    |    Posted: February 02, 2017

Cricket South Africa (CSA) has launched a global tender on February 4 to attract interest in buyers for franchises in a new eight-franchise, #T20 Global League to start in the last quarter of 2017. It is intended to match up to the Indian Premier League and the Big Bash League in Australia. The deadline for ‘Expressions of Interest’ is on Friday, 3 March. The announcement of the global tender comes after the CSA President, Chris Nenzani, and Chief Executive, Haroon Lorgat, informed the ICC and Member nations attending the ICC meetings in Dubai. ‘Our vision is to drive the creation of a new #T20 destination league in South Africa that would energise the sport of cricket in South Africa by creating a global platform for the best-in-class to perform and showcase their talent to a global audience,’ commented Nenzani. The CSA believes the new #T20 Global Destination League offers great opportunities for investment in South Africa and South African cricket. The CSA is looking to move on from the spot-fixing scandal that a put a cloud over the Ram Slam T20 Challenge in 2015-16 and introduce more investment, spectators and international players to the #T20 Global League.


Originally sourced from: Cricket South Africa; additional content by Cricket Investor



HKI United to compete in 2017 Edition of the Blitz

By The Cricket Investor Team    |    Posted: November 29, 2016

Leonine Global Sports (LGS), the owners of Islamabad United, has purchased one of the five franchises in the official Hong Kong T20 league, the HK T20 Blitz. The Hong Kong Island United (HKIU) will represent the Central Island region of Hong Kong and will comprise five foreign players along with Hong Kong based cricketers. HKI United will be one of two new franchises that will be part of the second edition of the Hong Kong T20 Blitz starting in March 2017.The Hong Kong T20 Blitz is a Twenty20 franchise cricket tournament scheduled to hold its second edition from March 8 to 12, 2017. The tournament has been expanded to a five team competition from the four that played in the inaugural edition in 2016. Amna Naqvi, owner of HKI United, said: “When the opportunity to buy a team in Hong Kong T20 was presented to us by the Hong Kong Cricket association, it was a ‘no brainer’ for us. This opportunity allowed us to contribute to not only the development of the sport we love, cricket, but also a city which has been home for us for over a decade – Hong Kong. On top, our experience with PSL and the fact that a lot of Pakistanis play for the Hong Kong national team, provided us with an automatic link to Pakistan and its huge fan base.”


Originally sourced from: Hong Kong Cricket; additional content by Cricket Investor



SLC Invests heavily in Domestic Cricket

By The Cricket Investor Team    |    Posted: November 18, 2016

Sri Lanka Cricket (SLC) has allocated Rs. 264 Million (£1.44 million) to conduct the Premier Tournaments of 2016 which will commence on the 25th of November. The tournament which consists of League Tournament, Limited Over Tournament and a T20 Tournament will field 24 teams divided into two tiers and will be played across 8/9 weeks ending in February 2017. In the League Tournament the Tier ‘A’ clubs will play a total of 84 three-day games in 2 groups in the first round and move into a ‘Super Eight’ format for the second round which will consist of 32 matches that will be played with Pink ball. The Tier ‘B’ Clubs which will consist of 10 teams will play a total of 90 games. The Limited Over and the T20 tournaments will follow with 24 teams playing 134 matches in 4 groups with the top 2 teams of each group playing at the Quarter final stage, in a knockout format.
The SLC President Hon. Thilanga Sumathipala described the Executive Committee’s vision for the future of Cricket in Sri Lanka and its defined investment in Domestic Cricket. He explained “We have done an in-depth study of the domestic structure and worked together as a policy making body to come up with a solid plan. The first phase of this was completed last week when we awarded 85 National Contracts to players across the board selected according to strict merit based criteria. This ensures that quality players with experience and expertise are retained for the domestic season. The second phase is put into action today with the distribution of these world renown Bowling machines to the (Premier) Clubs. With this our focus shifts to providing cutting edge technology to the clubs for the development of the game.”
The President went on to state that the 24 Premier clubs would be provided grants of Rs. 11 Million (£60,000) and 9 Million (£50,000) each respectively for the Tier A & B Clubs in order to meet the expenses of the tournaments, and that more technological support was in the offing with equipment such as Mechanized Side Rollers, and Grass Cutters being ordered through SLC at a largely subsidized cost to the clubs. The SLC has also provided the ‘Bola’ brand Bowling machines to the Clubs at a subsidized cost of only 30% of the net price, with SLC absorbing approximately Rs. 500,000/- per piece of equipment. SLC has also invested in 2 ‘Merlin’ brand Spin Bowling machines for the use of the National Teams.
 


Originally sourced from: Sri Lankan Cricket; additional content by Cricket Investor



Durham County Council to take major equity stake in Durham Cricket

By The Cricket Investor Team    |    Posted: October 19, 2016

Indebted County Cricket club Durham could receive a financial boost from Durham County Council if a proposal to convert a £3.74 million loan into shares is approved. Members of council’s ruling Cabinet will meet on Wednesday to vote on the proposed rescue package, with officials recommending the deal be approved because the financially-troubled club is “effectively insolvent.” The council says that without a financial rescue, County Durham faces losing first class and international cricket and says the restructuring deal offers the best chance of taxpayers getting their money back in the long run. Earlier this month, the England and Wales Cricket Board (ECB) agreed a £3.8 million bail-out of the club, which has total debts of almost £7.5 million. Tough sporting sanctions were imposed as part of the deal, but the ECB also requested more support from the club’s other major creditors, specifically the county council and the North East Local Enterprise Partnership, which is owed an additional £0.77 million. The ECB wrote to the council asking the authority to convert its outstanding loans into redeemable preference shares in the newly-formed Community Interest Company which will run the club in future. The package would also see a pause on repayment of the loans, which date back to 2009. Ian Thompson, the council’s corporate director for regeneration and local services, said the council had received the ECB’s letter on October 6. He said: “We have now had time to consider the detail and the implications. It’s clear that without an agreed rescue package, Durham County Cricket Club faces insolvency and we would almost certainly lose our investment if that was to happen. This financial package, together with the ECB’s conditions of a new Chairman and board for the CIC, would secure a future for First Class and international cricket and give us a very good chance to get our money back in full over time.” The proposed bail-out was criticised by leading Independent councillor John Shuttleworth, who said: “This is public money and, in times of austerity, it is morally wrong.”
 


Originally sourced from: Northern Echo; additional content by Cricket Investor



BCCI set to defy Supreme Court

By The Cricket Investor Team    |    Posted: October 15, 2016

The BCCI has decided to continue its opposition to some of the reforms suggested by the Supreme Court-appointed Lodha Committee panel following a Special General Meeting in New Delhi. "We maintain that there are certain clauses that are practically not implementable. Our legal counsel Kapil Sibal will continue with argument on Monday," a senior Board official said. The BCCI made it clear that 'One State One Vote, One person One post, age cap, cooling off period' remain contentious issues. The only BCCI units to have accepted the Lodha committee recommendations in toto are Tripura, Vidarbha and Rajasthan.


BCCI President Anurag Thakur's affidavit, to be submitted in the Supreme Court, was also a focal point of discussions. This will be submitted in the apex court on Monday. The apex court had directed Thakur to file an affidavit and clarify whether he had asked the ICC to write that Lodha Recommendations amounted to government interference. The Supreme Court is scheduled to hear the case on Monday.


Originally sourced from: NDTV; additional content by Cricket Investor



Financial Problems lead to Durham Relegation

By The Cricket Investor Team    |    Posted: October 03, 2016

The English Cricket Board (ECB) has announced that Durham have been relegated from Division One of the Specsavers County Championship over financial issues, with Hampshire being reinstated. The North East county have also lost the right to stage Test cricket at their Riverside ground. Durham have accepted a £3.8m financial aid package, which has been approved by the ECB and will start next season in Division Two with a 48-point deduction. Durham will also face a four-point penalty in the Nat West 2017 T20 Blast and a two-point deduction in the Royal London One-Day Cup. Additionally, the club will be subject to a revised salary cap from April 2017-2020, with the level determined annually by the ECB board.David Harker, DCCC Group Chief Executive, issued a statement saying: "It is important that the club addresses its serious financial challenges and puts the business on a sustainable footing and therefore we have had to accept the conditions offered by ECB. Other counties have faced serious financial challenges but have been able to find other solutions including private investors without this reliance on ECB.”


Originally sourced from: BBC; additional content by Cricket Investor



Durham Crickets debts soar to £7.5 million

By The Cricket Investor Team    |    Posted: September 27, 2016

Durham Country Cricket are facing a financial crisis after its latest published accounts to September 30 2015 show debts have risen to £7.48 million. The club declared an operating profit of £653,805, compared with a loss of more than £1 million the previous year. But increasing loans to pay for ground development and floodlights saw the overall debt increase by £700,000, to £7,484,532, and the statement, signed by club chairman Clive Leach, forecasts that insufficient cash will be generated over the ensuing 12 months to meet liabilities as they fall due. Meanwhile, chief executive David Harker of Durham County Cricket said work is underway to secure a "positive and sustainable" future for the club. Harker told The Northern Echo: “In order to continue as a going concern we need the ongoing support of the ECB (England and Wales Cricket Board), which is something we are working on. Part of that support was to go through a restructure. The first stage is to adopt articles consistent with a CIC (Community Interest Company) to ensure there’s a sustainable future for the club.” An ECB spokesperson said: “ECB talks regularly with all first-class counties to ensure they each have sustainable long-term plans. It’s well known that we’ve had several conversations throughout the season with Durham CCC about the opportunities and challenges facing the club.” The club account statement reads: “There is a plan to secure additional funding and an offer is in place, but not all the conditions have yet been met. “We fully expect that the conditions will be met, but since the funding is not fully secured, at the date of approving these financial statements, a material uncertainty exists which may cast significant doubt on the company’s ability to continue as a going concern.” The club’s loans and borrowings totalled £6,758,252 and the annual interest was £308,538, a rise of £75,000 from the previous year. Two council loans, totalling almost £4m, were being repaid at 4.7 and 6.5 per cent, while the charge to the Local Enterprise Partnership was 7.49 per cent on a loan which fell from a little more than £1m, to £842,852.There also existed bank loans, of almost £1m, charged at two per cent, as was a loan of £1,400,000 from the ECB. The statement adds: “The directors have proposed that the company changes its constitution to take on the characteristics of a Community Interest Company (CIC). “This was approved at an EGM on September 7. The directors believe this will secure the long-term future by giving access to sources of finance, principally the ECB, which might not be available with the existing company structure.” The accounts showed staff costs reduced by eight per cent and it is understood conditions have been imposed by the ECB to control expenditure. As Durham's financial problems were highlighted in the national press, other counties have taken an interest in their playing squad, resulting in the departure of long-serving players. 


Originally sourced from: Northern Echo; additional content by Cricket Investor



Real Estate Agency Sponsors East Coast Bay

By The Cricket Investor Team    |    Posted: August 24, 2016

East Coast Bay Cricket Club in Auckland New Zealand have announced that real estate agency Kris Cunningham from Harcourt Cooper & Co. have become the clubs’ main sponsor.


Originally sourced from: Auckland; additional content by Cricket Investor



"Snoopgate Scandal" deepens

By The Cricket Investor Team    |    Posted: November 20, 2015

The Board of Control of Cricket in India (BCCI) want two Board officials to clarify why UK based Page Protective Services, a security and investigations company, was paid US$900,000 out of BCCI funds. A two-man committee comprising Ajay Shirke and G. Gangaraju was appointed by the Board to investigate the matter and meetings have been held with former secretary Sanjay Patel and treasurer Anirudh Chaudhry. According to reports PPS has admitted it was hired but will not give details.

Page was hired by ex-chairman N. Srinivasan in 2013 -14 allegedly to monitor his rivals in the cricket Board. The "Snoopgate" scandal was discussed at the BCCI’s AGM held in Mumbai on November 9. Patel and Chaudhry were closely aligned with Srinivasan's, but lost their influence after he was prevented by the Supreme Court from contesting the BCCI elections. Pressure had built up on Srinivasan to stand down the 2013-14 period after the Indian Premier League (IPL) spot fixing controversy. The Supreme Court appointed Shivlal Yadav as a caretaker president and ordered Srinivasan to stay away from BCC affairs.

At the AGM, Shashank Manohar was appointed as BCCI chief and as its representative on the International Cricket Council (ICC). In his absence, Sharad Pawar will represent BCCI.  Manohar is reported to be investigating possible unauthorised payoffs. It has been learnt that Patel released the work order for payment while Chaudhry released the money to Page based on the order. The AGM also decided that professional appointments will be made to strengthen the governance of the BCCI based on the report to be submitted by Deloitte.

The house placed on record contributions of Mr. N Srinivasan during his tenure at ICC Chairman.



Originally sourced from: NDTV Sports; additional content by Cricket Investor



National Storage becomes Brisbane Heat Coaching Partner

By The Cricket Investor Team    |    Posted: November 13, 2015

Self-storage provider National Storage has become the Official Coaching Partner of Big Bash team Brisbane Heat. National Storage’s association with Queensland Cricket already covers the coaching departments of the Brisbane Heat Women’s Big Bash League team, the my FootDR Queensland Bulls and Konica Minolta Queensland Fire. National Storage’s Managing Director Andrew Catsoulis said the company had chosen to partner with the Heat and Queensland Cricket to help build brand awareness throughout Queensland, Australia and New Zealand, where the BBL and Brisbane Heat receive growing support and coverage. “We’re looking forward to partnering with high performance coaches to leverage their experience and promote National Storage over summer.” he said. Brisbane Heat crowds have consistently been growing in the four year existence of the Big Bash League, with 2014-15 expected to be a record breaking season for the club, with corporate hospitality, membership and ticket sales all at the highest levels they have been. Queensland Cricket Chief Executive Officer Geoff Cockerill said the addition of National Storage as an official partner and Ryan Harris as a coaching mentor has highlighted the ongoing on-and-off field momentum that the Brisbane Heat, BBL and Queensland Cricket continue to gather. 


Unknown original source; additional content by Cricket Investor



Ryan Harris joins Brisbane Heat Coaching Team

By The Cricket Investor Team    |    Posted: November 13, 2015

The Brisbane Heat have appointed recently retired Australian fast-bowler Ryan Harris in a Coaching Mentor role. Harris is a veteran of 27 Tests and 113 wickets for Australia and has worked in coaching with the Queensland Bulls. 


Unknown original source; additional content by Cricket Investor



Somerset partners with Jockey Club Services for ticketing

By The Cricket Investor Team    |    Posted: November 11, 2015

Somerset County Cricket Club have announced a new partnership with Jockey Club Services to deliver ticketing for all events at The County Ground, Taunton for the next three years. Jockey Club Services offers a range of business services to organisations in professional sports in the UK.  Their ticketing platform this year will process more than 1.5 million tickets for The Jockey Club’s 15 racecourses in the course of staging events including the Crabbie’s Grand National, the Cheltenham Festival and The Investec Derby. Through this new supplier relationship, Somerset CCC will receive a top grade ‘enterprise class’ ticketing solution, supported by a team of ticketing experts from The Jockey Club’s Business Services department. 

A number of phases of development have been completed at The County Ground over the last few years. Now it is ready to host international cricket, with the first match being one of England’s three T20I’s against South Africa in 2017. Somerset CEO Guy Lavender said: “With The County Ground now able to host international cricket from 2017 the volume of spectators visiting us will rise substantially. It is crucial that we have a ticketing platform that is robust and provides a smooth experience for everyone looking to buy tickets for all forms of cricket played here in Somerset and our other events. We know the expertise that Jockey Club Services offers and we are delighted to be working with them.” Membership can be purchases online please click here or by downloading a Membership form online here: Application Form 2016.



Unknown original source; additional content by Cricket Investor



IPL contributes US$182 million to Indian GDP

By The Cricket Investor Team    |    Posted: October 30, 2015

The Indian Premier League (IPL) makes a positive contribution of INR 11.5 billion (US$182 million) to India’s Gross Domestic Product (GDP) according to a survey conducted by consultants KPMG on behalf of the Board of Control of Cricket in India ( BCCI). The estimate is based upon the economic impact of the IPL 2015 season. The scale of the 2015 season encompassed 8 franchises with 193 world class cricketers, 60 matches over 44 match days, 13 host venues in 12 cities across the country and generated 1.71 million spectators at the venues. KPMG estimated that IPL matches directly affected the economy of India in a variety of ways through its key stakeholder groups i) participating franchises ii) organizers, and iii) spectators all contributing in various ways through employment and purchases. The gross economic output associated with IPL matches in India for 2015 was estimated at INR 26.5 billion (USD 418 million) which was the aggregate value of all transactions that took place as a direct, indirect or induced effect of the economic activity of the 2015 matches. Hosting an IPL match also adds value and revenue to the economy of the Indian state in which it takes place. In 2015 season, around 20% of attendees visited from cities other than the host city and there were numerous international visitors primarily from the United Kingdom, Australia and South Africa. GDP represents the net value added of all these transactions. 

The study also noted that there were additional benefits to India in: employment generation across sectors; tourism development to ensure India maintains its position on the global sporting map; support of tier 2 cities providing key media exposure and the development of cricket and sport participation across India. 
Chairman of the IPL, Mr. Rajeev Shukla said, “It is inspiring to know that IPL has had such a positive impact on India’s economy; the contribution of INR 11.5 billion to India’s GDP through a 60-day event is surely testament to the tournament's success. We look forward to redefine these benchmarks through the upcoming seasons of the IPL and empowering the nation’s economy through our future endeavours.”



Unknown original source; additional content by Cricket Investor



Kolkata Knight Riders appoint Jacques Kallis as head Coach

By The Cricket Investor Team    |    Posted: October 22, 2015

The Kolkata Knight Riders have appointed South African Jacques Kallis as their head coach ahead of the 2016 IPL season. Kallis succeeds Trevor Bayliss, who lead the team for four years. Kallis became the batting consultant and mentor for the franchise for the 2015 season


Unknown original source; additional content by Cricket Investor



Scotia Bank pumps $4m into Jamaican Schools Cricket

By The Cricket Investor Team    |    Posted: May 02, 2015


The Jamaica Cricket Association (JCA) has received sponsorship of $4 million from Scotiabank for the 11th staging of the 2015 Prep Schools' Cricket competition. The competition will run through to June 12 as teams vie for the Maurice Foster Trophy and the right to be called the 2015 Scotiabank/JCA Prep School champions. At the end of the competition, 13 students will be selected for the All-Prep School team. During that period, 672 boys and girls from 48 teams will play approximately 121 matches over 75 match days, across all three counties. There will be 24 teams from Surrey, 12 teams from both Middlesex and Cornwall. The schools are placed in county zones in the preliminary phase, followed by an inter-county knockout phase, and the final phase where teams play for the national championship and the third and fourth place play-off. Teams and players will vie for trophies and medals for performances in a number of categories -- national champions, county champions, most valuable players (MVPs) and All-Prep Selectee. The MVPs from each county will received $50,000 bursary from Soctiabank. Speaking at yesterday's launch at the Lucas Cricket Club, Shelly Sykes-Cole, sponsorship manager at Scotiabank, gave her company's commitment to the sport and hoped that the competition can have a permanent influence on the development of the youngsters. Wilford 'Billy' Heaven, JCA's president, thanked Scotiabank for their continual support to the development of the sport.




Originally sourced from: Jamaica Cricket Association; additional content by Cricket Investor

   



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