Sports
WASHINGTON: Microsoft’s Nadella, Adobe’s Narayen fund American version of IPL
WASHINGTON: Microsoft CEO Satya Nadella and Adobe CEO Shantanu Narayen are among more than a dozen mostly Indian-American business leaders who are more investing than $ 120 million to bring T20 cricket to America in the US version of the IPL, it was revealed on Thursday.
The announcement came from Major League Cricket (MLC), the first professional T20 cricket league — in what is easily the world’s largest sports market revenue-wise — which said the funding will be used to develop premier cricket-specific stadia and training centers in eight US cities, including New York, Washington DC, Seattle, San Jose, and Houston, to kick start a world class six-team T20 league, possibly as early as 2023.
The United States is slated to co-host the ICC Men’s T20 World Cup alongside the West Indies in 2024.
“This unprecedented infrastructure investment will transform the landscape for professional cricket and enable the United States to host global events over the next decade and beyond. As well as international games, world-class T20 action will be played annually with MLC bringing the best cricketers in the world to play in cricket-specific venues with natural turf wickets and first-class amenities for fans,” MLC, which is partnering with ICC member USA Cricket, said.
According to MLC, it has now completed an initial close of a $44 million Series A and A1 Fundraising Round led by Satya Nadella and others, with an additional commitment of $76 million in further fundraising over the next 12 months in place.
It listed the following business leaders among investor groups for the Series A and A1 Fundraising Round, which includes MLC’s seed funding round: Satya Nadella (CEO of Microsoft) and Soma Somasegar (Managing Director, Madrona Venture Group); Anand Rajaraman and Venky Harinarayan (Founding Partners at Milliways Ventures and Rocketship VC); Sanjay Govil (Founder and Chairman of Infinite Computer Solutions and CEO, Zyter); Anurag Jain (Managing Partner of Perot Jain, LP, Chairman of Access Healthcare) and Ross Perot Jr. (Chairman, The Perot Group); Tanweer Ahmed (CEO, PAK Foods, CEO, OUR Energy and Owner of Prairie View Cricket Complex); and Baheti Family (Owners of YASH Technologies).
Additional series A investors included Mihir Worah, Former Chief Investment Officer, PIMCO; Preetish Nijhawan, Co-founder, Akamai; Manish Parikh, Co-founder and CEO, Icon Systems Inc; Vikram Ramani, CTO Banking, FIS Global Sankar Kaliaperumal, Managing Director, Accenture; Dhigha Sekaran, Director at Meta and former Microsoft Executive; Shantanu Narayen, Chairman and CEO, Adobe; Samir Bodas , Co-founder and CEO, ICertis; and Sanjay Parthasarathy, Chief Product Officer, Avalara, and a former Microsoft executive.
Microsoft CEO Nadella, who is already a part-owner of the Seattle Sounders franchise in Major League Soccer, is a known cricket aficionado in a city that has a thriving local league and cricket legacy going back to colonial America.
In fact, cricket predates baseball in America. Historic references to cricket in the US include games in Georgia in 1737 and in Baltimore in 1754, the same year Benjamin Franklin brought a printed copy of cricket rules of play home to the Colonies, almost 100 years before the first book of baseball rules was published.
Indeed, many of America’s Founding Fathers were known to be cricket aficionados. Cricket historians say there was even a reference to the game the 1776 debate in Independence Hall, when John Adams argued against the chief executive of the new country being called “President,” saying “Fire brigades and cricket clubs have presidents.”
Sports
LONDON: More Indians Than Ever Are Holidaying Abroad – Where Are They Heading And Why?
LONDON: Travel is on the rise again. According to the UN’s tourism agency, international travel for all purposes reached 97% of its pre-pandemic level in the first quarter of 2024. In some regions such as Africa and Europe, arrivals are already surpassing these levels.
Indian travellers, in particular, are adding to this growing trend – no nation’s outbound tourism market is growing faster. In response to this rapidly expanding travel boom, Indian airlines ordered record numbers of new planes in 2024.
The Indian travel market is gigantic, with its middle class now representing 31% of the country’s population. This figure is expected to increase to 60% by 2047, meaning there will be more than 1 billion middle-class Indians by the middle of the century.
For budding Indian tourists, the future of travel looks exciting. But for the many destinations already besieged by overtourism, this new market may be viewed through a more sceptical lense.
Nonetheless, Indian tourists spent US$33.3 billion (£25.3 billion) in 2023, and many destinations are recognising their potential. In April, for example, Japan introduced a new e-visa system for Indian tourists in the hopes of increasing arrivals.
Two months earlier, Dubai created a five-year, multiple-entry tourist visa tailored to Indian visitors. South Africa’s simplified visa scheme will also start in 2025, while other nations including Malaysia, Kenya, Thailand and Iran have scrapped visa requirements for Indian tourists entirely.
The evidence suggests these schemes work. Tour operator Thomas Cook reported in May that Indian demand for holidays in Georgia has surged by a staggering 600% year-on-year since the country launched its e-visa system for Indian tourists in 2015.
Other European markets have been slower to adjust. Europe’s border-free Schengen zone has introduced a new “cascade” system, which will allow Indian visitors who have used a short-stay visa twice in the last three years to now apply for a two-year, multiple-entry tourist visa.
But, while this is a positive step towards easier travel for some Indian tourists, it will have no effect on new travellers. The Schengen visa process can also still take months, requires significant paperwork, and appointments are notoriously difficult to find.
The story is similar for British visas. Many people in India, as well as other applicants, feel the process is too harsh and can be humiliating. Endless amounts of paperwork are required, including bank statements and invitation letters, and rejections are often not explained.
In a study of travel trends in India, online travel platform Booking.com also found that Indian tourists typically book their trip at the last minute. They spend just 30 days planning a holiday on average, compared with 63 days for Americans and 90 days for Brits. Many simply cannot be bothered with time-consuming visa requirements, and are opting for easier and more welcoming destinations instead.
So, where are they going?
Budget airlines flying to relatively nearby destinations have contributed to India’s tourism rush, with south-east Asia increasingly popular. According to Google Trends, Vietnam was the most-researched destination by Indians in 2023.
That year, the Vietnam National Authority of Tourism reported a 231% increase in visitors from India compared with 2019. Other south-east Asian countries such as Thailand, Singapore and Indonesia are seeing similarly huge jumps in arrivals.
Indian travellers are hugely influenced by television and movies, often opting to visit the places they have seen in Bollywood. Despite visa restrictions, the number of Indian tourists visiting Spain jumped by 40% in 2011 after the La Tomatina festival – where participants throw tomatoes at each other – was featured in the popular Hindi movie Zindagi Na Milegi Dobara.
It has been a similar story for Switzerland. Several Bollywood movies filmed there over the past 50 years have resulted in an Indian tourism love affair with the country. The Swiss tourist board even offers Bollywood tours to the various sites featured in Indian cinema.
While only 9% of Indian travellers focus on long-haul destinations in western Europe, Switzerland has been a top-20 destination for Indian tourists for over a decade.
Hundreds of Indian movies and music videos have been filmed in Switzerland.
Other destinations have started using Bollywood actors in their promotional campaigns. Dubai, for example, is promoted by the Indian acting superstar and film producer Shah Rukh Khan. And the heartthrob actor Siddharth Malhotra has been New Zealand’s brand ambassador since 2015.
By 2040, the number of international tourist departures from India could hit 90 million, not far from the 104 million Chinese tourists who travelled in 2019. However, research suggests that Chinese holidaymakers are increasingly deciding to travel at home, meaning Indian tourists may soon overtake them.
As more people in India flock to airport departure lounges, tourist destinations around the world are jostling for position in the race to take their share.
Sports
DODOMA: Milind Soman At “Friendship” Marathon Organised By India, Tanzania
DODOMA: India and Tanzania organised a marathon of 120 km on sunday under ‘India-Tanzania Friendship Run’ initiative. The marathon was organised in Tanzania between Dar es Salaam city and the historic city of Bagamoyo. Indian actor and fitness icon Milind Soman participated in the run alog with over 4,000 people from Indian and Tanzanian communities.
Milind Soman participated in the run alog with over 4,000 people
The event was organised by Indian High Commission in Tanzania and Tanzania’s Ministry of Culture, Sports & Arts. Pindi Chana, Tanzania’s Minister of Legal & Constitutional Affairs, flagged off the marathon and appreciated the initiative for bringing the two countries together.
The event was organised by Indian High Commission in Tanzania and Tanzania’s Ministry of Culture, Sports & Arts.
Binaya S Pradhan, Commissioner of India, said that the event was organised to internationalise the spirit of ‘Fit India Movement’.
India and Tanzania boast a longstanding history of people to people and trade relations.
India and Tanzania share a history of people to people and trade relations and this year, the India-Tanzania ties was elevated to the status of a strategic partnership.
Milind Soman is an Indian actor, model and fitness icon
The first offshore campus of IIT Madras was also inaugurated in November in Zanzibar, demonstrating India’s relationship with Tanzania and firm commitment to the Global South.
Sports
DUBAI: What does India’s No.1 ranking across formats really mean?
DUBAI: The No. 1 ranking is a reflection of the consistency shown by the Indian team, but is the No. 1 team the best side in the world?
Cricketers often insist that they don’t pay too much attention to rankings, and occasionally they might even mean it, but there are some accomplishments impossible to not celebrate. Such as simultaneously holding the No. 1 team ranking across the three international formats.
Friday’s five-wicket victory over Australia in Mohali in the first of three One-Day Internationals catapulted India to top-dog status in 50-over cricket. Already occupying the top rung in Tests and Twenty20 Internationals, India are now the No. 1-ranked side in the world in all formats, a remarkable achievement given that it has only happened once before – in 2012, when South Africa ruled the roost.
What does the No. 1 ranking truly mean?
It’s said, and not without reason, that staying at the top is infinitely more difficult than getting there. That’s not to say that the ascent to the summit is easy; it’s just that on the upward march, several factors can combine to propel one to the peak but once there, you becomes a marked entity, every competitor looking to pull you down.
The No. 1 ranking is a reflection of the consistency shown by the Indian team, but is the No. 1 team the best side in the world?
India haven’t won a global title since the 2013 Champions Trophy, and last week’s triumph at the Asia Cup in Colombo was their first silverware in a tournament involving more than two teams for nearly five years. Would you rather be the top-ranked side in the world, or a unit that knows how to rise to the challenge in big events, how to seize the moments that truly matter?
Skipper Rohit Sharma and head coach Rahul Dravid might not admit so publicly, but they would happily swap the No. 1 ranking in each of the three versions for a trophy – the World Cup trophy, if they had the choice. After all, that’s what great teams are remembered by, for the tournaments and titles they win, for the crowns they wear.
It’s not as if the top ranking counts for nothing, because it rewards consistency over extended periods of time which, in some quarters, might be worth plenty more than a sporadic patch of brilliance that might net ultimate glory. But when that barren run extends beyond a decade, is being ranked No. 1 alone a massive cause for celebration?
Let’s jog back to 1983
Let’s take the 1983 World Cup triumph as a guide. Under Ajit Wadekar, India had registered Test series triumphs in the Caribbean and in England in the space of six months in 1971, but it didn’t quite fire the imagination of the fans like it should have because it was in the pre-television era.
But when viewers were able to witness live the semifinals and finals 40 years back when India overcame England and subdued the mighty West Indies respectively, the fallout was humongous. An entire generation of legends – Sachin Tendulkar, Rahul Dravid, Anil Kumble, VVS Laxman – was so inspired by that title run that cricket became the be-all and end-all. 1983 triggered a limited-overs revolution that only met its match in 2007 when, against all odds, Mahendra Singh Dhoni’s unheralded bunch carved its way through the draw to lift the inaugural T20 World Cup.
Around the plethora of individual achievements that followers of the sport in India, more than anywhere else, celebrate uninhibitedly, it’s the 1983 World Cup, the 1985 World Championship of Cricket, the 2007 T20 World Cup and the 2011 World Cup triumphs that stand out. And that’s precisely why the No. 1 ranking needs to be put in perspective. It’s no mean feat, to be able to occupy pole position in all three formats when the surfeit of cricket has spawned injuries galore. It speaks to the depth of cricketing talent in the country, to the success of the systems put in place that focus not just on the present but also the future.
Recently in Sri Lanka, the great Aravinda de Silva was all praise for the quality at India’s disposal, telling me that not many countries had the wherewithal to field two or three equally competitive and top-class teams at the same time. But it did come with a rider: ‘I hope they win a title too soon.’ Numero uno in rankings is brilliant, and in all formats three times so. Now, to embellish the trophy cabinet with meaningful, much-needed silverware.
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