French Open: Blockbuster in store today

June 5, 2016

Paris, Jun 5: Novak Djokovic and Andy Murray meet in a seventh Grand Slam final on Sunday with the clock ticking on their French Open title aspirations.

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World number one Djokovic, the winner of 11 majors, is bidding for a first French Open to become just the eighth man to complete the career Grand Slam.

Victory on Sunday would also give him the ‘Novak Slam’ as he already holds the Wimbledon, US and Australian Open titles.

But the 29-year-old has lost all three finals he has made in Paris.
Murray, also 29 and a rival of Djokovic since their junior days, has previously fallen three times at the semifinal stages.

The last British man to win in Paris was Fred Perry in 1935 while Bunny Austin was the last finalist from his country in 1937.

“It’s obviously a very big match for both of us. Novak trying to win the career slam and me trying to win my first French Open,” said Murray, aware that even Roger Federer needed 11 visits to Paris to win his first and only French Open.

When Federer finally broke through — and completed the career Grand Slam in 2009 — he was already 27.

“Neither of us know how many more chances we’ll have to win here. It took obviously Roger a long time to win this one.”

Djokovic was runner-up to nine-time winner Rafael Nadal in 2012 and 2014 and was stunned by big-hitting Stan Wawrinka 12 months ago.

He will be playing in his 20th Grand Slam final and seventh against Murray having won four times against the Scot in Australia but losing at the US Open in 2012 and Wimbledon in 2013.

‘High priority’

If he does finally break his drought in Paris, he will be the second oldest to complete the career Slam after Andre Agassi who managed the feat in Paris in 1999.

“I put myself in a position in which I wanted to be in of course ever since last year’s final,” said Djokovic, who has already set one impressive benchmark in Paris by reaching the USD 100 million prize money mark. “It’s always high on the priority list when I start a season thinking about Roland Garros.”

Djokovic has dropped just one set at the French Open this year and he shrugged off having to play four days in succession by blitzing young Austrian Dominic Thiem 6-2, 6-1, 6-4 in Friday’s semifinal.

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News Network
March 22,2024

IPL.jpg

The start of the world’s most lucrative cricket tournament in India is presenting investors with another big opportunity to cash in on the sport, months after the world’s most populous nation hosted the Cricket World Cup.

The eight-week long Indian Premier League begins March 22 for its 17th season. Since its inception, the fast-paced cricket tournament has become a corporate juggernaut to rival the National Football League in the US and the English Premier League in value.

Just as October’s Cricket World Cup boosted consumption in India for months, fans are expected to flock to restaurants, pubs and food delivery platforms over the duration of the tournament. This year’s IPL also coincides with general elections that will last for six weeks starting April 19, a period when companies are expecting higher food and drink sales as people flock to rallies and other events.

“There’s going to be a lot of spending,” said Madan Sabnavis, chief economist at Bank of Baroda. “IPL, as well as the election, gives a three-month corridor with enhanced economic activity.”

Stocks in India such as McDonald’s franchise operator Westlife Foodworld Ltd. and peer Sapphire Foods India Ltd. gained ahead of the first match on Friday, as well as hotels and beverage makers. Packaged-food companies could also stand to benefit from the IPL craze, said Sachil Bobade, an analyst at investment firm Dolat Capital Market.

The IPL ecosystem was valued at $11 billion (Rs 91,721 crores) in 2023, including the value of media rights and sponsorships, according to Indian valuation consulting firm D&P Advisory.

The league is also attracting record sums of money from sponsors and broadcasters. Conglomerate Tata Group won the title sponsorship rights of the tournament in January for a record 25 billion rupees ($300 million). Billionaire Mukesh Ambani’s media venture secured the digital streaming rights in 2022 for five years for $2.7 billion, while Walt Disney Co. paid roughly the same for TV rights.

“There was a serious amount of bidding even this year,” said Vinit Karnik, head of entertainment, esports and sports at media agency GroupM South Asia. “I see growth in IPL in double digits year-on-year,” he adds.

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