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ICC Approves 38.5% Revenue Share for BCCI in Historic Decision
The ICC board meeting in Durban has made a significant decision by approving a massive 38.5% share per year to BCCI out of the world body’s revenue in the coming cycle. This new revenue distribution model further solidifies the Indian board’s dominance.
BCCI’s Revenue Share and Other Figures
The exact numbers are not known yet, but BCCI’s revenue share will now be 38.5% of the ICC’s annual income. This could amount to over $231 million per year or close to INR 2000 crores.
Cricket Australia (CA) will receive approximately $37.53 million (around 6.25% of the revenue), placing them in second position. The 90-plus Associate Members will share approximately US$ 67.5 million per year.
Increased Revenues for Other Boards
After BCCI, the biggest earners in the new model are the ECB, CA, and the PCB. Additionally, a middle band of five full members (CSA, SLC, BCB, NZC, and CWI) will see an increase in revenues of about US$ 1 million per year.
Investment in Cricket and Global Growth Initiatives
The ICC Board has confirmed the largest-ever investment into the sport with the agreed distribution model for the next four years. This will provide enhanced funding to every ICC Member and a strategic investment fund to drive global growth initiatives in line with the ICC Global Growth Strategy.
ICC Chairman Greg Barclay said, “This is by far the largest level of investment ever to go into cricket and it’s a once-in-a-generation opportunity for our members to accelerate growth and engage more players and fans and drive competitiveness.”
Regulations for T20 Leagues
In another significant decision, the ICC has agreed to a limit of 4 overseas players in playing XIs for new events to address the growing threat posed by T20 leagues worldwide. Additionally, all new T20 leagues will be required to include at least seven homegrown players or players from associate members in their playing XIs.
Equal Prize Money for Men’s and Women’s Events
The ICC announces equal prize money for men’s and women’s events, emphasizing their commitment to gender equality in cricket.
Over-Rate Fines in Test Cricket
The Chief Executives’ Committee has authorized adjustments to the over-rate fines in Test cricket. Players will now be fined 5% of their match fee for each over-short, up to a maximum of 50%. However, if a team is bowled out before the new ball is due at 80 overs, there will be no over-rate penalty applied, even if there is a slow over-rate. This replaces the current 60-over threshold.
(PTI inputs)
