More trouble for Steve Smith, set to lose sponsorship worth $5m due to ball-tampering scandal

  • Individual sponsors are turning their backs on embattled Australian skipper after Steve Smith ball tampering scandal
  • Steve Smith’s IPL 2018 participation also a major doubt
  • Rajasthan Royals have already removed Smith as their captain for IPL 2018

In the latest cricket news on the Steve Smith ball tampering scandal, it has been revealed that the disgraced Australian captain is about to discover the enormous financial cost of his on-field misdemeanor during the recently concluded Newlands Test against South Africa. This recent Steve Smith news came to light on Monday (March 26).

While he is still waiting for Cricket Australia’s internal investigation to conclude which will decide the quantum of his punishment/ban, various sources have indicated that Smith is now looking at a serious possibility of various individual sponsors jumping ship and also being completely dumped by his IPL 2018 franchise Rajasthan Royals, who have already replaced him as their captain.

Sponsors jumping ship due to Steve Smith ball tampering controversy

Amid constant speculation about his cricket future, Steve Smith’s IPL 2018 hopes are still hanging in the balance but the embattled captain is already beginning to realise the cost of the ‘Steve Smith ball tampering‘ controversy which has only gained momentum after his public confession at the end of third day’s play of the Newlands Test.

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Sanitarium, a popular ‘health and well-being’ company in Australia, became the first sponsor to distance themselves from the 28-year-old modern maestro. The whole Steve Smith ball tampering scandal is bound to ensure that Sanitarium is not the only individual sponsor to jump ship. As more Steve Smith news comes in, more organizations and sponsors will begin the process of ending their association with him.

Meanwhile, Alan Joyce, the chief executive of Qantas — Cricket Australia’s major sponsor — has, during a function at the Australian High Commission in London, reportedly urged them to make “a statement to the rest of the world” when they announce their verdict on the ball-tampering scandal. Joyce called on the James Sutherland-led cricket board to “do the right thing”, but insisted his company was not yet considering pulling its sponsorship but reiterated his disappointment at the damaging saga.

Steve Smith IPL 2018 participation in doubt

The latest Steve Smith news indicates that Cricket Australia is weighing up a one-year ban for the disgraced captain, which might also include him missing out on playing in the lucrative Indian Premier League (IPL) this season. A one-year ban would have enormous financial ramifications for Smith, who stands to lose roughly $4.5 million from on-field earnings alone.

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While the Rajasthan Royals have stripped Smith of their captaincy and handed it over to Ajinkya Rahane, Steve Smith’s IPL 2018 campaign now hinges on his cricket board’s investigation and their subsequent decision on the matter.

Smith — along with Warner — is also Australia’s highest paid player in the IPL, with the duo being retained on monster deals worth $2.4 million for the tournament. Participants in the IPL are required to obtain no-objection certificates (NOCs) from their national boards in order to play in the world’s premier domestic T20 league.

Cricket Australia, typically, has no qualms in handing these out to players but would be far less likely to comply with the request for Steve Smith’s IPL 2018 participation if he was given a year-long ban after the conclusion of their internal investigation surrounding the Steve Smith ball tampering scandal.

For latest cricket news about Steve Smith ball tampering scandal, Steve Smith IPL 2018 campaign and other cricket latest news, visit Rooter Live.

WATCH: Australia own up to ball tampering

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