Cricket Financial News

Toyam Sports has acquired the Suresh Raina-led Hyderabad franchise in the Legends League Cricket (LLC) for an undisclosed amount. Toyam Sports is a publicly listed company involved in sports production, promotion, and management. Previously known as the Urbanrisers Hyderabad and owned by the Urbanrise Group, the franchise will now be rebranded as Toyam Hyderabad. The team is set to participate in the upcoming season of LLC, which begins on 20th September 2024.

Subscribe to enjoy similar stories. It’s not often that an India-Bangladesh Test series garners as much anticipation as the one starting on 19 September in Chennai. Bangladesh’s historic 2-0 Test series win away from home in Pakistan earlier this month has raised the passionate cricket nation’s status—the greatest ever triumph in the history of Bangladesh as a Test playing nation.

FanCode has signed a three year deal with T Ten Global for streaming rights of Zim Afro T10, Abu Dhabi T10 and Lanka T10. The second edition of Zim Afro T10 will start on September 21 and is expected to produce nine days of high-quality cricket, with the likes of David Warner, Dawid Malan, Yasir Shah, Carlos Brathwaite, and Colin Munro, all in the mix. The tournament will put the spotlight on cricket’s fastest format at the Harare Sports Club. The six franchises in the tournament are the Harare Bolts, Bulawayo Brave Jaguars, Cape Town Samp Army, Durban Wolves, Jo’Burg Bangla Tigers and the NYS Lagos.

ODI World Cup in India created an «economic impact» of USD 1.39 billion with tourism among the biggest beneficiaries, according to a report released by the International Cricket Council (ICC) on Wednesday. The Economic Impact Assessment conducted by Nielsen for the ICC, claimed that the mega-event held in October-November last year was the biggest ever ODI World Cup. «The ICC Men's Cricket World Cup 2023 has demonstrated the significant economic power of cricket, generating economic benefit of USD 1.39 billion (Rs 11,637 crore) for India,» ICC Chief Executive, Geoff Allardice said in a statement. Australia ended India's unbeaten run in the tournament to win the trophy for a record-extending sixth time.

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PARIS—For 17 days this summer, the Paris Olympics turned into a factory of indelible images: Stephen Curry raining 3-pointers, Simone Biles soaring to gymnastics gold, and Celine Dion belting out hits on the Eiffel Tower. But nothing went more viral than a brief clip of an Australian woman who went by the name Raygun twisting around on the floor. Rachael Gunn, as it says on her passport, was the break dancer whose performance launched a thousand memes and earned her exactly zero votes from the judges the whole time she was in Paris.

Supreme Court on Wednesday said it will hear on September 17 the appeal of US-based creditor Glas Trust Company LLC against a judgment of the NCLAT, which had stayed insolvency proceedings against ed-tech firm BYJU's and approved its Rs 158.9 crore dues settlement with the BCCI. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra was urged by a battery of lawyers that the plea be heard urgently keeping in mind the subsequent developments in the case. The plea was mentioned by senior advocate NK Kaul, appearing for the ed-tech major, that the case needed to be heard at the earliest. The submission was supported by Solicitor General Tushar Mehta, appearing for the BCCI, and senior lawyer Abhishek Singhvi, also appearing for the ed-tech firm.

New Zealand will aim to exploit Afghanistan's relative inexperience in red-ball cricket, in the one-off Test starting here from Monday, and gather momentum ahead of their upcoming World Test Championship challenges in the sub continent. New Zealand's first-ever Test against Afghanistan will kick off a challenging couple of months for the Black Caps who play six long-format matches on the bounce in the subcontinent, something they haven't done in 40 years. With their underwhelming subcontinent record in mind (40 losses in 90 matches), New Zealand would want to hit the straps straightaway.

While skipper Rohit Sharma will take charge of the squad from the front, the key highlight would be Pant who will return to the Indian Test squad after nearly 20 months for the two-match series against Bangladesh. Having played in the second and final Test against Bangladesh at Mirpur from December 22-25, 2022, Pant met a road accident a few days later on December 30 and made his return to top-flight cricket only in IPL this year. The 26-year-old swashbuckling batter returned to the national side in their title-winning campaign in the T20 World Cup.

sports administrator Randhir Singh on Sunday became the first Indian to be elected as the president of the Olympic Council of Asia (OCA) during the 44th General Assembly of the continental body here. A five-time Olympic shooter, Randhir was the lone eligible candidate for the OCA president's post. His tenure will run from 2024 till 2028, and his election was unanimous. The 77-year-old Randhir has been the OCA acting president since 2021, filling in for Kuwait's Sheikh Ahmad Al-Fahad Al-Sabah, who was handed a 15-year ban from sports administration in May this year over ethics breaches. Randhir, who held different administrative posts in Indian and Asian sports bodies, was officially named OCA president in the presence of Sports Minister Mansukh Mandaviya and top sports leaders from all 45 countries of Asia.

Olympic Council of Asia General Assembly will take place at the Bharat Mandapam, Pragati Maidan in New Delhi on Sunday, September 8. On the occasion, former Indian shooter Randhir Singh will be officially named as the first Indian President of the Olympic Council of Asia in the presence of notable dignitaries including Minister of Youth Affairs and Sports, Mansukh Mandaviya, and top sports leaders from all 45 countries of Asia. Randhir Singh was unanimously elected by the OCA representatives for the top post when he emerged as the sole candidate contesting for the position earlier this year. The 77-year-old sporting legend hails from Patiala Punjab, and was born in a family of sportspersons. His uncle, Maharaja Yadavindra Singh, played Test cricket for India and was an IOC member. His father, also a first-class cricketer, Bhalindra Singh, was also an IOC Member between 1947 and 1992.

Venue : Grange Cricket Club, Raeburn Place, Edinburgh Scotland squad - Brandon McMullen, George Munsey, Michael Jones, Ollie Hairs, Richie Berrington, Jack Jarvis, Michael Leask, Charlie Tear, Matthew Cross, Brad Currie, Brad Wheal, Charlie Cassell, Chris Greaves, Chris Sole, Jasper Davidson, Mark Watt, Safyaan Sharif Australia squad - Cooper Connolly, Jake Fraser-McGurk, Tim David, Travis Head, Aaron Hardie, Cameron Green, Marcus Stoinis, Mitchell Marsh, Josh Inglis, Adam Zampa, Nathan Ellis, Riley Meredith, Sean Abbott, Xavier Bartlett Scotland vs Australia Match Details 2nd T20I of Australia tour of Scotland, 2024 between Scotland and Australia to be held at Grange Cricket Club, Raeburn Place, Edinburgh at 06:30 PM.

Supreme Court on Friday dismissed a plea challenging the Bombay High Court's order which had disposed of a petition seeking directions to provide drinking water and other facilities to cricket players during practice or unofficial matches on public grounds in Mumbai. «What kind of a PIL (public interest litigation) is this? Cricketers will take care if they are not provided toilets. Why an advocate should be bothered about it,» a bench of Justices A S Oka and A G Masih observed. The bench was hearing a petition filed by a lawyer, who had challenged the high court's June last year order disposing of his petition. In his PIL filed before the high court, he had sought directions to the Mumbai Cricket Association and the Board of Control for Cricket in India (BCCI) to provide drinking water and other facilities to players during practice or unofficial matches on public grounds.

Indian Premier League (IPL) franchises more than doubled their revenues for the year ended March 2024, with significant improvements in profitability, largely on the back of increased share from the league’s central revenue pool during IPL 2023. The 10 teams collectively received Rs 4,670 crore from the Board of Control for Cricket in India (BCCI) for the IPL 2023 compared to Rs 2,205-crore share from the central pool for the IPL 2022, as per BCCI’s annual report for FY23. “The first eight IPL franchisees have been profitable for more than eight years now and their profits have significantly increased in FY24, and are expected to be at that level going forward due to the media rights renewal in 2022 and the resulting increase in the central pool,” D and P Advisory managing partner Santosh N said.

Virat Kohli, India's cricketing sensation and marketing powerhouse, has become the highest tax-paying cricketer in the country for FY2024, as per data from Fortune India magazine. Kohli's tax contributions amounted to an impressive Rs 66 crore, positioning him as the leading cricketer and the fifth highest taxpayer overall among Indian celebrities. According to Fortune India, «Virat Kohli emerged as the highest taxpayer from the country among sportspersons for the previous financial year, which ended on March 31, 2024. The star batter paid Rs 66 crore as taxes in the financial year.» His earnings reflect both his on-field success and his strong endorsement portfolio, making him one of the most marketable athletes globally. Also Read: Virat Kohli was the highest taxpaying sportsperson of FY24. Here's how much he paid

Sun TV Network's revenue for the fiscal year 2023-24 experienced a significant boost, largely driven by its Indian Premier League (IPL) franchise, Sunrisers Hyderabad, and its SA20 franchise, Sunrisers Eastern Cape. The company's revenue from cricket franchises surged by 138% to Rs 659 crore in FY24, up from Rs 276 crore in the previous year. The company's consolidated revenue from operations surged 15% to Rs 4,787 crore, while net profit jumped 13% to Rs 1,925 crore. This increase was fuelled by a rise in revenue from the central revenue pool, which was supported by the Board of Control for Cricket in India’s (BCCI) record Rs 48,390 crore media rights deal with Disney Star and Viacom18 in 2022.

Rishabh Pant's red-ball return will be closely monitored but the national selectors will also trace suitable backup options to frontline stars when Duleep Trophy, which preludes an important Test season, begins across Bengaluru and Anantapur on Thursday. Pant, who returned to white-ball formats after that horrific car crash, is yet to play in a longer-duration match. His last red-ball outing was against Bangladesh in December 2022. Now, he will turn out for Abhimanyu Easwaran-led Team B against Shubman Gill-captained Team A at the Chinnaswamy Stadium. Satisfying his outings in the shorter versions were, but this four-day tournament offers him a unique challenge — batting and 'keeping for an undefined number of overs.

Rahul Dravid appeared relaxed and engaging during his on-stage interaction at the CEAT awards ceremony. Reflecting on his cricketing journey and taking questions from the audience, Dravid entertained guests with his witty remarks and asked for career advice via email. «The beauty of functions like this and the beauty of awards like this is that when they put up these videos, they show just the lovely things that you have done on the cricket field,» said Dravid, emphasizing the thrill and challenges of the game. «The honest fact, and that is the truth, is that you are failing a lot more than you are succeeding in this game. But that's what makes it so much more fun, so much more enjoyable.»

A gas traders playbook Every trader is like a cricket batsman. A batsman knows he cannot score a boundary on every ball. He focuses on taking a single or a double as often as possible, and waits for an opportunity to score a perfect boundary.

Kirti Azad's wife Poonam Azad passed away on Monday, the Lok Sabha MP said. «My wife, Poonam no more. Left for her heavenly aboard (abode) at 12.40 pm. Thank you all for your good wishes,» he said in a post on X. West Bengal Chief Minister Mamata Banerjee condoled Poonam Azad's demise. «Saddened to know that Poonam Jha Azad, wife of our MP & World Cup-winner cricketer Kirti Azad, has breathed her last. I have known Poonam for a long time,» Banerjee said in a post on X.

Realty developer Omaxe Group has lined up Rs 2,500 crore to develop a sport centric project in Delhi’s Dwarka, company’s managing director Mohit Goel told ET. The project will include a cricket stadium in addition to retail and hospitality development. It has won the bid to develop 50.40-acres of land from the Delhi Development Authority (DDA). Omaxe will pay Rs 18 crore to the authorities every year for the next 30 years.