The naming rights sponsorship of the men's national cricket team's domestic series, estimated by the Australian Financial Review to be worth $20 million, only started ahead of last summer's Ashes Test series and was supposed to run for two more seasons.
Magellan's co-founder and chief executive Hamish Douglass said the ball-tampering in South Africa was "so inconsistent with our values that we are left with no option but to terminate our ongoing partnership with Cricket Australia".
