Ashes sponsor dumps $20m naming rights deal

 

Cricket isn’t punishing these players it’s the Business of Cricket that is and according to business lost they brought to pay. Like Banks however the executives remain unscathed. Do the payin public have a class action suit of fraud available against the ACB? (Old Dog)

Magellan Financial Group has terminated its naming rights sponsorship of domestic Test matches involving the Australian men’s cricket team just one summer into the three-year deal.

The fund manager’s response to the ball-tampering scandal in South Africa is a costly blow to Cricket Australia, with the deal estimated at about $20 million when it was signed in August last year.

It comes after sporting goods manufacturer Asics terminated its sponsorship of suspended players David Warner and Cameron Bancroft, and health food company Sanitarium ended its relationship with former captain Steve Smith.

via Ashes sponsor dumps $20m naming rights deal