One of Cricket Australia’s biggest sponsors, fund manager Magellan, on Thursday tore up its contract with the governing body over the ball-tampering scandal that has rocked the game. Magellan inked a three-year partnership in August 2017 as naming rights sponsor for Australia’s domestic Tests in a deal estimated at the time to be worth Aus$$20 million. “Regrettably, these recent events are so inconsistent with our values that we are left with no option but to terminate our ongoing partnership with Cricket Australia. Warner and Smith have been banned from top-level cricket for a year while Bancroft got nine months. “As a result of last weekend’s events in Cape Town involving members of the Australian men’s cricket team and following the sanctions made by Cricket Australia, ASICS has terminated its sponsorship contracts with David Warner and Cameron Bancroft, effective immediately,” it said.

Source: Hindustan Times March 29, 2018 03:33 UTC