Cricket Australia (CA) has already furloughed about 80 per cent of its workforce, while state associations have also made deep staff cuts in recent weeks.
Indian start-ups and software product companies are trying to attract engineers and programmers who are either stranded in India because of the lockdown or H-1B visa holders who have been laid off.
Professional soccer has been suspended since March and with no clear date set for a return, Michael Bennett says the uncertainty has led to anxiety, the Times reported.
Cricket Australia furloughed about 80 per cent of its staff and said it had suffered a A$20 million (10.6 million pounds) fall in revenue due to COVID-19, despite the pandemic hitting at the end of the season.
Cricket Australia (CA) announced Kevin Roberts' resignation with immediate effect on Tuesday, following months of criticism over his stewardship during the COVID-19 shutdown.
Liberty Media president and CEO Greg Maffei told analysts on a conference call that the move was the most efficient way of putting cash into the business, with Formula One getting a net cash payment of $1.4 billion.
Sheffield United players have also agreed to defer wages due to COVID-19 pandemic.
However, the company says it will suspended promotions and salary increments this year.
Josh Hazlewood said he was taken aback by news of the financial pressures CA was under situation, given that the Australian cricket season was all but over when the national lockdown brought sport to a halt in March. Former Test players have already forecast swingeing cuts for cricketers' salaries as the sport faces an expected financial crisis.
Ricciardo joined Renault from Red Bull last year with a contract that runs to the end of 2020.
Last week, Premier League players had launched the Players Together Fund, which primarily aims to help the NHS.
The Board of Control for cricket in India has cleared the quarterly dues of all its centrally-contracted cricketers and vowed not to let anyone suffer despite the uncertainty triggered by the coronavirus pandemic, which has caused financial blowback in other countries. Major cricket boards like England and Australia have indicated that players will have to take pay cuts.
England's county cricketers will forgo 1 million pounds ($1.24 million) in prize money and take pay cuts in April and May to help protect the domestic game during the COVID-19 pandemic, the Professional Cricketers' Association (PCA) has said. England's centrally contracted men's players have already donated an initial 500,000 pounds to the ECB and selected good causes,
The governing body of athletics has suspended Olympic qualification until December due to the coronavirus outbreak, which has forced the Tokyo Games to be postponed until 2021, it said on Tuesday. The total qualification period, which started in 2019, will be four months longer than it was originally. Meanwhile, results would continue to be recorded for statistical purposes, including for world records.
Australia coach Justin Langer says playing cricket without fans in the stadiums is an option worth considering if it helped get the game going again after the worst of the coronavirus crisis has passed. As with most sports, efforts to contain the COVID-19 pandemic have forced the shutdown of cricket around the world and Langer thinks teams would be keen to play in empty stadiums upon resumption if the alternative is a longer furlough.
Bournemouth have furloughed staff while top executives and coaches have taken voluntary pay cuts to help ease the financial impact of the coronavirus crisis on the south-coast side, the Premier League club said on Wednesday.
Tottenham still had an annual cost base running into hundreds of millions of pounds.
According to experts, this will have major impact on new investments by Chinese players in companies, such as Paytm, Ola, BigBasket, Byju's, Dream11, MakeMyTrip, and Swiggy, when they go for follow-up funding. Chinese investors, such as Alibaba, Tencent, and Xiaomi, are active in the Indian start-up space, and have collectively invested billions of dollars.
South Korea's K League will have a profile it has never enjoyed before when the delayed 2020 season kicks off in Jeonju on Friday, providing top-flight soccer action to a world starved of live sport. Broadcasters from 10 countries, mostly in Asia and Europe, have bought rights for the season and Friday's match will be streamed live with English commentary on the league's Twitter feed and YouTube.
'The world and India likely won't have a vaccine that is widely administered till the end of 2021.' 'In the meantime, clear communication would help,' observes Rahul Jacob.
'We do believe that staging the event behind closed doors, which our fans can still watch on television, is preferable to not having a race at all.'
The first race at the Red Bull Ring would be on the July 3-5 weekend.
CA chief executive Kevin Roberts said the schedule could change depending on the travel restrictions due to the health crisis.
The postponement of major sporting events during the coronavirus pandemic has left some British charities concerned about their survival, representatives have told Reuters, while others are worried about delivering services to vulnerable people.
The callousness with which these political dissidents are being treated goes against the Supreme Court's directive, given right at the beginning of the lockdown. The apex court had directed states to release prisoners to decongest jails, which had become hotspots of the coronavirus.
DO: Whether or not your business has suffered losses, now is the time to optimise resources, cut back on unnecessary expenditure and spend every penny cautiously. DON'T: If there is a cash crunch, don't rush to fire staff. Instead, weigh in other options that will protect the interest of both the company and the employees. Must Read Advice from Apoorva Ranjan Sharma, MD, 9unicorn.
'I know there is pressure on players, but it is nobody's business what you do with your wages. You take your wages and if you want to be generous, go ahead and do it'
Saddled with plenty of downtime during the coronavirus shutdown, Australian cricketer Peter Handscomb has used home isolation productively by overcoming a life-long fear of horses. Despite being married to an eventing rider, the Test batsman had never dared mount a horse until being locked down at their rural property near Melbourne.
At this point, it is crucial to think of solutions that will help flatten the curve and also generate income, says Pratyush Banerjee.
'This crisis is going to be much bigger than anything we've experienced and anything we do will not be enough but my aim is to help, it might not be enough in some cases but I have to try'
Sebastian Vettel has never been one for social media or had much time for esports but even the four-times world champion has shifted his stance, however slightly, under Formula One's coronavirus lockdown. Although the 32-year-old Ferrari driver is still not remotely tempted by Twitter or Instagram, he has acquired a gaming rig. Just how much the German uses it remains to be seen.
After a week of public arguments about Premier League players, who earn an average salary of 240,000 a month, refusing to take a pay cut while top clubs use public money to pay their furloughed non-playing staff, there is little doubt that the game -- and its players -- have suffered a serious blow to their image. There is no question that many footballers do help out good causes generously, just as most clubs are engaged with effective community programmes all-year round.
The Professional Footballers' Association (PFA) are in talks with the Premier League over how best to deal with the current suspension of competition, but the moves by some clubs to use the government's furlough scheme has prompted sharp criticism.
After months of anticipation (and 31,000 submissions from the British public), the Britain's Duchess of Cambridge's final selection of images for Hold Still is available to view on the National Portrait Gallery's website. Designed to "capture and document the spirit, the mood, the hopes, the fears and the feelings of the nation" during lockdown, the project brings together 100 moving amateur shots of everything from at-home haircuts to make-shift classrooms; exhausted NHS staffers on duty to dedicated postmen in superhero costumes; pensioners FaceTiming with their grandchildren to mothers cradling their newborn babies. Below, see 22 remarkable images from Hold Still - then head to the The National Portrait Gallery website for the full exhibition.
Credit rating agency Moody's changed Formula One's outlook to negative from positive on Thursday to reflect the impact of the coronavirus crisis on a global sport that has yet to race in 2020.
Several Premier League clubs have furloughed employees since the new coronavirus outbreak while others, such as West Ham United and Southampton, have said their players have accepted wage deferrals. While CA announced plans to furlough almost 80% of staff last week, putting them on 20 per cent pay until June 30 when it is hoped more will be known about how long government curbs to control the coronavirus will last.
'When you don't have food to eat, will you be worried about the virus or the next meal?'
Elections are due in Tamil Nadu and West Bengal that year. Early indications show Bengal holds promise for the BJP, but the party may have to recast itself to win Tamil Nadu.
Leading hotels are taking all precautions but the unusual service the staff has been pressed into puts them at the forefront of COVID fight.
'In this spirit of camaraderie between professional and non-professional football, we have decided, as a team, to give up part of our Euro 2020 qualification prize money.'
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances