New Delhi, January 11
Batting great Sachin Tendulkar has terminated his association with Spartan Sports, in which he was an investor and an advisory board member, after the company defaulted on payments running into crores. The 45-year-old was signed up by the Sydney-based company in 2016. It was co-founded by Indian entrepreneur Kunal Sharma.
Besides Tendulkar, the company has also signed other leading names from the sport, such as India’s World Cup-winning captain Mahendra Singh Dhoni, big-hitting West Indies opener Chris Gayle and Eoin Morgan, among others.
A recent court ruling in Australia ordered the sports gear and equipment company to be liquidated, which in turn could affect the players associated with Spartan Sports. Sources said a few cricketers suffered financial losses after the company defaulted on their payments.
Spartan Sports owes creditors to the tune of Rs 60 crore and the players could suffer major losses if the liquidation process gets underway, sources said. — PTI
company has factories in Jalandhar
The international company with branches in Australia, UK, South Africa, West Indies, Canada and US has factories in Jalandhar and is a big name in sports goods industry. At one time, it had seven brand ambassadors, one each for disciplines such as netball, football, rugby, boxing and cricket. Jalandhar-based Spartan Sports Industries owner Jyoti Sharma, the father of Kunal Sharma, said, “All this talk is rubbish. We have nothing to do with default payments or liquidation. Why should we pay Mitchell Johnson now? He stopped playing four years ago.” TNS