Maria Sharapova business empire in doping turmoil

March 9, 2016

Los Angeles, Mar 9: Maria Sharapova's multi-million dollar business empire was in turmoil on Tuesday as sponsors distanced themselves from the Russian tennis star a day after she admitted failing a drug test.

Maria

The world's richest sportswoman announced Monday that she had tested positive for Meldonium, a drug she said she had been taking since 2006 which was added to the World Anti-Doping Agency's banned list this year.

US sportswear giant Nike, German luxury car maker Porsche and Swiss watchmaker TAG Heuer all halted their relationship with the former world number one.

The 28-year-old, whose rags-to-riches story was the stuff of Hollywood dreams, now risks a ban of up to four years which could see her carefully constructed marketing empire collapse.

The holder of five Grand Slams and 35 WTA titles, the Russian who arrived penniless with her family in the United States, is as much a businesswoman as a sportswoman.

Despite winning just two WTA titles in 2015 she was the highest paid sportswoman that year, earning $30 million mostly from advertising, according to American magazine Forbes. Her fortune is estimated at $200 million.

Nike was the first sponsor to jump ship, saying Monday night it was "saddened and surprised" by the news.

"We have decided to suspend our relationship with Maria while the investigation continues," the US sportswear giant said.

Swiss watchmaker TAG Heuer then said they would break off negotiations to renew their contract with Sharapova.

"Maria Sharapova was under contract with TAG Heuer until December 31th, 2015. We had been in talks to extend our collaboration," a company statement said.

"In view of the current situation, the Swiss watch brand has suspended negotiations and has decided not to renew the contract with Ms Sharapova."

Porsche followed, stating "until more details are known and we can analyse the situation, we have decided to suspend planned activities (with Sharapova)".

Sharapova signed a three-year deal to be brand ambassador for Porsche in April 2013. The Russian also won the WTA indoor tournament in Stuttgart, which is sponsored by the car manufacturers, in 2012, 2013 and 2014, with the champion driving off in a brand-new sports car.

"I did fail the test and I take full responsibility for it," Sharapova said at a quickly convened press conference in Los Angeles on Monday.

"I made a huge mistake. I let my fans down. I let my sport down that I've been playing since the age of four that I love so deeply," she said.

"I know that with this, I face consequences and I don't want to end my career this way -- and I really hope I will be given another chance to play this game."

The ITF confirmed that Sharapova had tested positive on January 26 and had accepted the finding when she was notified on March 2.

"Ms Sharapova will be provisionally suspended with effect from 12 March, pending determination of the case," the ITF said.

Sharapova said she was prescribed the drug, a circulation-booster used to treat heart ailments, because of symptoms including an irregular EKG heart test and a family history of diabetes.

Her attorney, John Haggerty, said mitigating circumstances could result in a lesser penalty.

Russian officials on Tuesday threw their backing behind Sharapova.

"I feel sorry for Masha. I hope that we will see her back on court and we are prepared to support her," sports minister Vitaly Mutko told state-run TASS news agency, using the Russian diminutive of Sharapova's first name.

"The people in her team should be looking out for her."

Sharapova's great rival Serena Williams applauded the Russian's candor in confirming the positive test.

"I think most people were surprised and shocked by Maria but at the same time most people were happy that she was just upfront and very honest and showed a lot of courage to admit to what she had done and what she had neglected to look at," Williams told reporters in New York, as she prepared for an exhibition event.

"She's always showed courage in everything that she's done. And this is no different," Williams said.

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News Network
March 21,2020

London, Mar 21: The England and Wales Cricket Board (ECB) has suspended all professional cricket till May 28, delaying the start of the new season, due to the COVID-19 pandemic.

The ECB took the decision following discussions with the First-Class Counties, the Marylebone Cricket Club (MCC) and the Professional Cricketers' Association (PCA).

"It was agreed that, given the current information available, a seven-week delay to the start of the season is the most appropriate approach," an ECB media statement said.

The Board also announced that it is working on three new options, including the three-Test series against West Indies, the T20 Cup and the women's schedule against India, for a possible start in June, July or August.

"Close liaison with the Government will continue, with discussions on the potential of starting the season behind closed doors and giving sports fans the opportunity to live broadcast action," the statement said on Friday.

"The potential for reduced versions of competitions, should the season become further truncated, will also be discussed."

The ECB said it will meet as needed to review the position and make further decisions as the UK situation unfolds.

"During this period of deep uncertainty it is the ECB’s first priority to protect the wellbeing of everyone within the cricket family, from players, to fans and colleagues across the game,’’ ECB Chief Executive Officer Tom Harrison said.

"The decision to delay the start of the season has been essential, given the circumstances the nation faces. I am reassured by the collaborative effort from across the game that together, we will make the very best of whatever length of season we are able to safely schedule in the coming months," he added.

He said this would give the ECB time to keep pace with a fast-moving situation and continue to plan for how a revised season might look.

"Critically, we can also remain as flexible and adaptable as possible, within the obvious restrictions we face."

Last week, England's tour of Sri Lanka was called off mid tournament in view of the rising threat of the pandemic.

"Securing the future of the game will be a primary focus as we plot a revised schedule with an emphasis on the most financially important forms of the game for the counties across international and domestic cricket," Harrison said.

The COVID-19 global death toll has climbed past 11,000 with more than 250,000 infected. In UK, close to 4000 have tested positive so far and 177 died.

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Agencies
April 14,2020

Tokyo, Apr 14: Tokyo organizers said Tuesday they have no B Plan in the event the Olympics need to be postponed again because of the coronavirus pandemic.

Masa Takaya, the spokesman for the Tokyo Olympics, said organizers are proceeding under the assumption the Olympics will open on July 23, 2021. The Paralympics follow on Aug. 24.

Those dates were set last month by the International Olympic Committee and Japanese officials after the coronavirus pandemic made it clear the Olympics could not be held as scheduled this summer.

We are working toward the new goal, Takaya said, speaking in English on a teleconference call with journalists.

We don't have a B Plan. The severity of the pandemic and the death toll has raised questions if it will even be feasible to hold the Olympics in just over 15 months. Several Japanese journalists raised the question on the call.

All I can tell you today is that the new games' dates for both the Olympic and Paralympic Games have been just set up, Takaya said.

In that respect, Tokyo 2020 and all concerned parties now are doing their very best effort to deliver the games next year." IOC President Thomas Bach was asked about the possibility of a postponement in an interview published in the German newspaper Die Welt on Sunday.

He did not answer the question directly, but said later that Japanese organizers and Prime Minister Shinzo Abe indicated they could not manage a postponement beyond next summer at the lastest.

The Olympics draw 11,000 athletes and 4,400 Paralympic athletes and large support staffs from 206 national Olympic committees.

There are also questions about frozen travel, rebooking hotels, cramming fans into stadiums and arenas, securing venues, and the massive costs of rescheduling, which is estimated in Japan at 2 billion- 6 billion.

Tokyo 2020 CEO Toshiro Muto addressed the issue in a news conference on Friday. He is likely to be asked about it again on Thursday when local organizers and the IOC hold a teleconferene with media in Japan.

The other major question is the cost of the delay; how much will it be, and who pays? Bach said in the Sunday interview that the IOC would incur several hundred million dollars in added costs. Under the so-called Host City Agreement, Japan is liable for the vast majority of the expenses.

This is impossible to say for now, Takaya, the spokesman said.

It is not very easy to estimate the exact amount of the games' additional costs, which have been impacted by the postponement."

Tokyo says it's spending 12.6 billion to organize the Olympics. But a Japanese government audit published last year says the costs are twice that much. Of the total spending, 5.6 billion in private money. The rest is from Japanese governments.

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News Network
March 27,2020

New Delhi, Mar 27: India skipper Virat Kohli on Friday made a heartfelt appeal to the citizens of the country, asking them to follow social distancing as a precautionary measure against the coronavirus pandemic.
He also went on to say that over the past few days, he has seen some people still taking to the streets, and added that if people still continue to venture out, then they are not being honest with the country.
Kohli released a small video clip on Twitter, making the public appeal and captioned the post as: "Please wake up to the reality and seriousness of the situation and take responsibility. The nation needs our support and honesty"
"Today, I am talking to you as a citizen of the country. Whatever I have seen over the past few days, I have seen people not following the lockdown, it has made me feel that some people are taking the battle against COVID-19 very lightly. I request you all to please follow social distancing, whatever the government is asking you to do, please follow it," Kohli said in the video released on Twitter.
"Think about what can happen to your family members because of your negligence. Our medical experts are fighting this battle day in and day out. If you are still going out to the streets, then I don't think you are being honest to your country," he added.
On Tuesday, Prime Minister Narendra Modi decided to impose a 21-day lockdown in the country as a precautionary measure against coronavirus.
According to the Ministry of Health and Family Welfare, the total number of COVID-19 positive cases have risen to 724 in India (including 640 active cases, 66 cured or discharged people) and 17 deaths.
The World Health Organisation had termed the coronavirus outbreak as a pandemic on March 11. 

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