Press Trust of India KarachiJanuary 27, 2019UPDATED: January 27, 2019 18:42 IST PSL franchises have rejected the Proposal to have women cheerleaders (PSL Twitter Photo)HIGHLIGHTSSome franchise owners asked how the move could be allowed in PakistanFranchise owners were assured the cheerleaders would be wearing eastern dressesThe PSL franchises also said no to the proposal as they are not making profit from the leagueThe six franchises of the Pakistan Super League (PSL) have rejected a proposal of the Cricket Board to have women cheerleaders for the fourth edition to be played in the country and UAE.According to a source in the Pakistan Cricket Board, the PSL secretariat had suggested to the franchise owners that if they were willing to shell out USD 14000 each, it could hire women cheerleaders to perform during PSL 4, which begins from February 14.”The franchise owners rejected the proposal firstly objecting to them having to shell out USD 14,000 dollars and secondly because they felt the presence of cheerleaders would not be helpful in enhancing the popularity and following of the league,” the source said.He said some franchise owners had also raised the point how women cheerleaders could be allowed in the PSL given the conservative culture of Pakistani society.”The franchise owners were assured the women cheerleaders would be wearing proper eastern dresses and would not wear anything objectionable and they would perform in one corner of the ground where the matches are to be held,” he said.The source said the franchise owners did not go for the PCB proposal as they were already struggling to make profits from the league and have been under pressure to also submit bank guarantees to the Board before the start of the tournament.The source said the PSL officials felt it would be a good idea to follow the example of other leagues, which have women cheerleaders, and introduce the concept this time in the PSL.advertisementIn the first three PSL editions, the PCB had relied on male dancers and performers to entertain the crowd between overs.Also Read | Pakistan Cricket Board disappointed with Sarfraz Ahmed’s ICC ban over racial slurAlso Read | ICC suspends Pakistan captain Sarfraz Ahmed for 4 matches over racist tauntFor sports news, updates, live scores and cricket fixtures, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for Sports news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byPTI Tags :Follow Pakistan cricketFollow PCBFollow Pakistan Cricket BoardFollow PSLFollow Pakistan Super LeagueFollow cheerleadersFollow Women Franchise owners reject PCB proposal for women cheerleaders in PSLPakistan Super League secretariat had made the suggestion if the franchises were willing to pay USD 14000 each, it could hire women cheerleaders to perform during PSL 4 starting February 14.advertisement
Toronto’s main stock index capped off a negative week with more losses as resource stocks weighed heavily, while the loonie continued to take flight.The S&P/TSX composite index declined 39.21 points to 14,985.32 on Friday, with base metals leading decliners, which included gold, materials and energy.“It’s the same story all year. Energy and materials are a drag and that’s why the TSX continues to underperform,” said Craig Jerusalim, portfolio manager of Canadian equities at CIBC Asset Management.The TSX is down more than 206 points since trading resumed on Tuesday following the holiday weekend.Seemingly positive jobs data released Friday did little to assuage markets after Statistics Canada reported the labour force expanded by 22,200 jobs last month.While the numbers helped nudge the unemployment rate to a nine-year low of 6.2 per cent, the August growth was fuelled by less-desirable work as the economy added 110,400 part-time jobs and shed 88,100 full-time positions.“You have to read between the lines,” said Jerusalim. “The fundamentals behind that 22,200 jobs increase was not encouraging.”Another story capturing headlines was credit monitoring company Equifax (NYSE:EFX), which saw its shares plunge after it disclosed a data breach that affects 143 million Americans, including an unspecified number of Canadians.Equifax, which hit all-time highs last month, took its biggest one-day loss since 1999, tumbling US$19.49, or 13.7 per cent, to US$123.23.Jerusalim says cyber security is a topic that’s keeping bank CEOs up at night.“It’s top of mind. … There’s real dollars being spent to protect the banks,” he said, adding that efforts are being focused on how to contain problems.“Every bank is going to be hacked at some point,” he said. “So if someone gets into your system, don’t let them take your data.”“Companies need to be preemptively investing in the protection of their data and costs as a result are going to be going up for all organizations,” he added.South of the border, major New York indexes were mixed as hurricane Irma continues to be a going concern as it spins toward Florida for what could be a catastrophic blow this weekend.On Wall Street, the S&P 500 index inched down 3.67 points to 2,461.43 and the Nasdaq composite index gave back 37.68 points to 6,360.19. The Dow Jones industrial average added 13.01 points to 21,797.79.In commodities news, the October crude contract dropped sharply, skidding $1.61 cents to US$47.48 per barrel.“With energy, there’s a lot of noise in around oil prices given the strain supply demand fundamentals happening as a result of Harvey and now Irma,” said Jerusalim.“But it’s also a little bit of trader skittishness exacerbating the problem. If you look at oil over the last number of quarters, it’s been in a relatively tight band. … It’s had a hard time cracking or staying above $50 US for any extended period of time this year.”In currency markets, the loonie continued its ascent, capping off a sixth straight day of gains.The Canadian dollar was trading at an average price of 82.43 cents US, up 0.11 of a U.S. cent.Elsewhere in commodities, the October natural gas contract was down nine cents to US$2.89 per mmBTU while the December gold contract added 90 cents to US$1,351.20 an ounce.The December copper contract lost ten cents at US$3.04 a pound.Follow @DaveHTO on Twitter.