Sports

Dream11 nets a whopping 236% profit in FY20
Culture, Sports

Dream11 nets a whopping 236% profit in FY20

Sporta Technologies Private Limited, popularly known as Dream11, reported ₹2,130 crore revenue for the financial year 2019-20e, a 166 per cent jump since the year prior to that. It had announced whopping 236 per cent rise in net profit to ₹181 croreThe company’s total expenses for the fiscal were reported as ₹1,868 crore. The financial data was accessed by the business intelligence platform, Tofler, and reviewed by BusinessLine. Its advertisement expenses for FY20 were ₹821.73 crore, business promotion ₹405.54 crore whereas its sponsorship expenses were ₹100.74 crore.In FY 19, Dream11 spent advertisement expenses to the tune of ₹330.48, business promotion expenses stood at ₹289.61 crore and sponsorship expenses were ₹164.98 crore.Speaking about the Covid-19 related uncertainties, the comp...
MPL announces launch of official Indian Cricket team merchandise
Culture, Sports

MPL announces launch of official Indian Cricket team merchandise

Cricket fans can now get official Indian cricket team merchandise at their doorstep. MPL Sports, the official kit sponsor of the Indian Men’s, Women’s, and Under-19 Cricket Team, today announced its partnership with leading online shopping platforms, Amazon, Myntra and Flipkart, to expand its retail business in India.With this launch, the athleisure brand aims to make official Indian Cricket team merchandise effortlessly accessible to cricket fans across the country. The entire collection of official jerseys, training gear and lifestyle wear will be launched on these platforms.Commenting on the announcement, Shobhit Gupta, Head - MPL Sports, said, “This is the first time that Team India merchandise will be officially available across a wide range of e-commerce platforms in India. As an act...
MPL’s India biz turns break even; eyes global expansion
Culture, Sports

MPL’s India biz turns break even; eyes global expansion

India business of newly-minted gaming unicorn Mobile Premier League (MPL) has reached break even and is one of the reasons why the company feels confident in making global bets.“We have this opportunity to build a global business because the India business has enough in it to sustain itself. Now, all our money is primarily invested towards bringing quality tech talent from all over the world to build a product that can cater to the rest of the world,” cofounder and CEO, Sai Srinivas told BusinessLine. The gaming platform currently employs over 800 employees across Bengaluru, Pune, Jakarta, Singapore and New York. MPL is an esports platform which has worked with various game developers to on-board over 70 games on the platform. The games available on MPL are largely casual games such as S...
Ajeetesh top Indian at T-15 in Dutch Open; Sharma slips
Culture, Sports

Ajeetesh top Indian at T-15 in Dutch Open; Sharma slips

A consistent Ajeetesh Sandhu carded his third straight round of 69 to move up to T-15 at the end of the third round of the 2021 Dutch Open. He is now 9-under even as Shubhankar Sharma slipped down with a round of 2-over 74. Sandhu, trying to get as many starts as he can in Europe, opened and started with a birdie and had two others on fourth and ninth and one bogey on 11th.Sharma, who had three eagles in first two rounds, had. three bogeys against one solitary birdie for a 74 that saw him drop to T-35 after being in Top-10 at the halfway mark. SSP Chawrasia (82) had one of his worst days on the European Tour with an 82 that included five double bogeys and two bogeys against just two birdies and was 77th.Kristoffer Broberg will take a commanding eight shot lead into the final round of the ...
Another fine finish by Tvesa Malik at Open de France
Culture, Sports

Another fine finish by Tvesa Malik at Open de France

Tvesa Malik registered yet another superb result as she finished T-12 with a final round of 1-under 70 at the 2021 Lacoste Ladies Open de France. She finished with rounds of 69-70-70 for 4-under 208 as Celine Boutier emerged champion after securing victory in the most dramatic of fashions at Golf Club du Medoc.Tvesa, who has been knocking on the doors of a maiden triumph and finished runner-up at Gant Ladies Open in July. Last week she was T-11 at Swiss Ladies Open and this season she has had three Top-10s.The Hero supported golfer had three birdies from eighth to 10th and two bogeys on fourth and 12th. After a week’s break Tvesa will be back for Estrella Damm Championship in Spain.The two-time Solheim Cup winner Boutier kept her nerve on a frantic final day in Bordeaux, before sinking a f...
BCCI may approach Anil Kumble, VVS Laxman for head coach’s post
Culture, Sports

BCCI may approach Anil Kumble, VVS Laxman for head coach’s post

Life may come to a full circle for Anil Kumble as the Sourav Ganguly-led BCCI might ask him to apply for the post of head coach of the Indian team along with VVS Laxman once Ravi Shastri finishes his term after the T20 World Cup. Kumble was the coach of the Indian team for a year between 2016-17 when the Cricket Advisory Committee headed by Sachin Tendulkar, Laxman and Ganguly had appointed him, replacing Shastri. However, a bitter fall-out with captain Virat Kohli led to Kumble tendering his resignation after the Champions Trophy final defeat against Pakistan. Along with Kumble, the board may also approach Laxman, who has been a mentor of the IPL side Sunrisers Hyderabad for some years now. However, Kumble will be favourite even as Laxman will also remain in contention. "Anil Kumble's exi...
New Zealand abandons tour of Pakistan citing security threat; PCB calls it unilateral
Culture, Sports

New Zealand abandons tour of Pakistan citing security threat; PCB calls it unilateral

The New Zealand cricket team on Friday abandoned its ongoing tour of Pakistan just before the start of the first ODI here, citing a security threat which the host board insisted did not exist while declaring the pullout a unilateral move. This was New Zealand's first tour of Pakistan in 18 years and the series comprised three ODIs and five T20 Internationals. Spectators were also to be allowed at 25 per cent of the stadium capacity keeping in mind the Covid-19 factor. The Pakistan Cricket Board chief Ramiz Raja said New Zealand will have to answer for the pullout at the ICC. "Crazy day it has been! Feel so sorry for the fans and our players. Walking out of the tour by taking a unilateral approach on a security threat is very frustrating. Especially when it's not shared!! Which world is NZ...
Former TN captain S Sharath named chairman of BCCI’s junior selection committee
Culture, Sports

Former TN captain S Sharath named chairman of BCCI’s junior selection committee

Former Tamil Nadu left-hander Sridharan Sharath was on Friday named the chairman of the junior national selection committee just over a week before the commencement of the domestic season with the U-19 tournaments. The four other committee members are former Punjab all-rounder Kishan Mohan (North Zone), Bengal seamer Ranadeb Bose (East Zone), Gujarat batsman Pathik Patel (West Zone) and MP medium fast bowler Harvinder Singh Sodhi (Central).“Former Tamil Nadu captain Sharath Sridharan will head the committee,” BCCI secretary Jay Shah said in a statement. That Sharath will head the committee was reported by PTI on August 9.Also read: Kohli to step down from T20 captaincyHe was the first cricketer to play 100 Ranji Trophy matches for Tamil Nadu and in his 15-year-long domestic career, scored...
Facebook partners with ICC T20 World Cup to offer exclusive content
Culture, Sports

Facebook partners with ICC T20 World Cup to offer exclusive content

Facebook will be going big with its ICC T20 World Cup partnership, creating original content, partnering with over 100 influencers to promote the sport, and launching a separate tab for cricket in the app. The social media giant is expecting many brands to use this opportunity across categories of products and services. The partnership was inked two years ago. Following a significant response to the recent Olympic Games and Paralympics Games when India drove the maximum conversations of all the Facebook countries, the company is now planning several marketing and user engagement initiatives to bank on the trend. “Largest number of global conversations around sports happen on Facebook in India. We connect with our friends, communities through our expressions and comments. Facebook and Insta...
Viacom18 appoints Anil Jayaraj as CEO-Sports
Culture, Sports

Viacom18 appoints Anil Jayaraj as CEO-Sports

Viacom18 on Thursday announced the appointment of Anil Jayaraj as CEO – Sports. This development comes when the media and entertainment network is looking to expand its presence in the sports broadcasting segment. He will be leading the company's foray into acquisition, broadcasting and monetisation of sports properties, the company said. Jayaraj joins Viacom18 from Star Sports, where he was Executive Vice President and successfully led his team to deliver business performance across multiple sporting events, including Indian Premier League, Cricket World Cup, Pro Kabaddi League, Indian Super League, among others.In a statement, Adil Zainulbhai, Chairman, Network18 said, “As a leading media & entertainment network in India, Viacom18 has been dialling up its offerings to tap into white...