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On a sticky wicket
Understanding the impact of the proposed Prevention of Sporting Fraud Bill, 2013
The document outlines the key types of fraud, noncompliance and reputational risks faced in the sports industry.
The Government of India is set to discuss the Prevention of Sporting Fraud Bill, 2013, in the Indian Parliament, in a move to curb issues such as match fixing that have brought much embarrassment to the sporting community in India. The Bill specifically indicates liabilities for companies who sponsor or own sporting teams (not limited to just cricket). In light of this imminent regulatory change, Deloitte Forensic has released a point of view on understanding the impact of the Bill on companies associated with sports.
Titled On a sticky wicket, the document outlines the key types of fraud, noncompliance and reputational risks faced in the sports industry. It emphasizes on the need to develop measures to mitigate these risks that involve not just players, but also members of the larger sports ecosystem such as the player/team management staff, support staff, sponsors, and advertisers.