Corporate money is free-flowing away from Australian cricket in the wake of the ball-tampering scandal, as sponsors desert the sport in droves.
After yesterday's news that David Warner had been dropped from his sponsorship deal with LG, finance-management firm Magellan has left it's three-year deal with Cricket Australia.
The deal is thought to be worth over $20 million, with two years still remaining.
Magellan CEO, Hamish Douglass said the ball-tampering scandal was “so inconsistent with our values that we are left with no option but to terminate our ongoing partnership with Cricket Australia”.
Shoe manufacturer ASICS has also left deals with Warner and Cameron Bancroft. Warner and Steve Smith have also been ditched by the Indian Premier League clubs, leaving deals worth around $2.5 million each.
The long-term financial ramifications on Australian cricket appear unclear, however a lenghty-rebuilding process appears likely.