Shaken Prithvi Shaw owns responsibility as BCCI slaps doping ban

Agencies
July 31, 2019

Jul 31: India and Mumbai opener Prithvi Shaw on Tuesday said he is shaken by Board of Control for Cricket in India (BCCI) suspending him for a doping violation, saying he takes all responsibility for unknowingly consuming the banned syrup.

"I have come to know today that I will not be able to play cricket till mid-November 2019. This is in light of a prohibited substance present in the cough syrup which I inadvertently took when I had severe cough and cold while playing for my Mumbai team during Syed Mushtaq Ali tournament in Indore in February 2019," he said in a statement.

He also made a series of tweets in this regard. "I was coming back off a freakish foot injury which I suffered during the India tour of Australia and I was returning to active cricket in that tournament. However out of my over-eagerness to play, I didn`t follow the protocol of being careful in consuming a basic over the counter cough syrup."

"I accept my fate with all sincerety. While I am still nursing an injury which I suffered during my last tournament, this news has really shaken me. I have to take this in my stride and hope it inspires others in our sports fraternity too in India that we as athletes need to be extremely careful in taking any medicine for the smallest of medical ailments even if the medicine is available over the counter and we need to always follow the protocol."

"I thank BCCI for all the support and also my near and dear ones who have always stood by me. Cricket is my life & there is no bigger pride for me than playing for India & Mumbai and I will come out of this faster and stronger. Thank you again everyone for your support."

As per the board, Shaw had inadvertently ingested a prohibited substance, which can be commonly found in cough syrups. His urine sample contained Terbutaline.

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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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