Sports Hour

Will Dhoni, Tendulkar go Sparta against Spartan?

The year 2019 started with a serious financial debt for some of the most prominent names in the sports fraternity. The players are muddled whether to rejoice the win in the test series or to quail over their zero-to-slim chances of not receiving the cheque for their brand endorsements.

Spartan Sports- a Sydney-based company co-founded by Indian entrepreneurs, is under scrutiny regarding pending payments for endorsing its sports equipment.

The company proves to have inadequate funds to pay the players who were involved in its advertisements. Spartan has been holding a bad reputation in the market for breaching its contract and victimizing associated players with non-payments.

Some major cricketers have been affected by the non-payments such as the Master Blaster Sachin Tendulkar, Chris Gayle, Eoin Morgan, former Australian captain Michael Clarke, and former Australia fast bowler Mitchell Johnson.

Some players affiliated with Spartan have already filed a case against the firm as it has been inefficient in paying the due sum. The names include the former Australian cricketer and pacer Mitchell Johnson. Clarke also halted its bat sponsorship contract with the firm during the end of his stint.

Reports highlight that former Indian team captain, MS Dhoni, who promoted the Spartan logo on his bat, has been able to attain approximately 20 crore payment in the form of four installments during the period of three years, 2013-2016.

Recent rules pertaining to the case

Fairfax media reported that Spartan’s business arm would be subjected to liquidation after the Australian court verdict. Spartan Sports concedes a sum of Rs 60 crore against its creditors, and the players could suffer major losses with this liquidation.

With an increasing outrage among the players, Spartan can expect litigation charges. However, a stern response from Tendulkar, Dhoni and other players is still awaited.

 

Recent Posts

Manipur Unrest: Ethnic Violence, Internet Curbs, and the N Biren Singh Government Under Scrutiny

The ongoing crisis in Manipur has become a major concern for India, marked by ethnic…

3 days ago

Delhi Shootout Claims One Life, Injures Two – Minor Suspect Arrested

A recent shootout in the Kabir Nagar area of Delhi has left one person dead…

2 weeks ago

7 casualties confirmed in Jammu & Kashmir terror attack: 3rd attack in one Week

An armed militant on Sunday killed seven individuals working on a tunnel project in the…

4 weeks ago

Bahraich Violence Aftermath: 50 arrested and Internet shut down Continues

The recent violence in Bahraich has left the city grappling with a tense aftermath. In…

1 month ago

Meghraj Singh Royal’s Insights on India’s Emerging Role in Global Business Events

"The growth trajectory of MICE tourism in India reflects not just economic potential but also…

1 month ago

PS Gahlaut on Revolutionizing India’s Fertilizer Industry: Sustainable Farming Practices and Future Prospects

As Gahlaut himself often emphasizes, "Our mission is to create a balance where the fertilizer…

1 month ago