India suspends IPL cricket league amid tensions with Pakistan, source says
NEW DELHI, May 9 (Reuters) – India’s cricket board has suspended the Indian Premier League (IPL) tournament, one of the world’s richest sports leagues, amid rising tensions between India and Pakistan, a source with direct knowledge of the matter told Reuters on Friday. The suspension will come as a major setback for a Reliance-Disney joint venture which has broadcast rights for the matches, and also scores of companies who have commmitted millions of dollars for advertising. After striking the $8.5-billion media merger with Walt Disney last year, Indian billionaire Mukesh Ambani’s Reliance was targeting small businesses and promoting unconventional neuroscience