- David Warner is set to lose almost $4.5million in contract and endorsement money over the next 12 months
- Warner was banned for 12 months by Cricket Australia for orchestrating the entire ball tampering scandal against South Africa in the 3rd Test at Newlands, Capetown
- Warner has stepped down from his role as the IPL 2018 captain for Sunrisers Hyderabad
David Warner ball tampering saga has landed him in hot waters after the former Australian vice-captain is set to lose his Indian Premier League (IPL) contract with Sunrisers Hyderabad as well as a major share of his sponsorship deals including LG and Milo cancelling their contracts with the explosive opener following the David Warner ball tampering scandal.
David Warner IPL 2018 blow for Sunrisers Hyderabad
David Warner was set to pocket over $2.4million from his contract at the Sunrisers Hyderabad where he was also set to captain the franchise, however, Warner will now have to surrender his $2.4m contract and will be without any pay for next 12 months after being banned for a year by Cricket Australia. Warner has been hailed as the main mastermind of entire ball tampering saga which now is called as the David Warner ball tampering scandal where he convinced and taught Cameron Bancroft how to damage ball’s condition in the 3rd test against South Africa at Capetown.
Following the ban, Warner is set to lose his endorsement deals with LG and Milo where brands are refusing to have any tie-up with the player who has been labeled as a cheat and a disgraced player of Cricket Australia. Warner’s absence from International cricket will cost him over $400,000 in just match fees. Aussies are scheduled to play 12 Tests, 29 ODIs and seven T20Is over the next year and all David Warner will do for the next 12 months is to sit in his drawing room and plan his financial actions over the next year or so.
Following the ball tampering outrage, LG released a statement saying: “Our ambassadorships are constantly under review so we are able to make the best decisions for our customers, employees and stakeholders. As a brand that sets out to improve the everyday lives of Australians, our focus is on ensuring our partnerships reflect those values, and that is our first priority.”
David Warner ball tampering scandal to impact his financial portfolio
Warner is not known to be a sound financial planner as he has been struggling to build his financial portfolio in last 2-3 years after spending on his new houses, properties all over Australia. David Warner IPL 2018 miss will hit him with a huge financial blow and indeed will force the Australian to reassess his financial position before he is eligible to make an Australian comeback next year.
David Warner was a central figure in another controversy last year where he was the leading figure in forcing Cricket Australia to revise player’s pay structure which would have seen Warner earn $2.5m-per-year instead of the earlier reported fee of $2m-per-year. Following his acts, Warner became a rather hated figure at the Cricket Australia hierarchy and many believe he has been loaded with all the blames for the ball tampering incident. David Warner IPL 2018 absence will be massive for him and his franchise Sunrisers Hyderabad after Warner was the Orange Cap winner in 2 of the last 3 seasons of the Indian Premier League.
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