ICC financial model 2024-27: BCCI’s lion’s share and other boards’ income explained – Firstcricket News, Firstpost
The ICC’s new revenue-distribution model for 2024-27 cycle will see BCCI get a lion’s share of 38.5% from the global body’s total revenue.
BCCI president Roger Binny and BCCI Secretary Jay Shah. Image Credit- Sportzpics
Thursday brought a ground-breaking news for world cricket and also another major boost for the Board of Control for Cricket in India (BCCI). The International Cricket Council (ICC) on Thursday announced that men’s and women’s teams at ICC events will now receive equal prize money.
This means men’s and women’s teams will now get equal prize money for finishing in similar positions at comparable events. They will also get the same amount for winning a match at comprabale ICC events.
The decision was taken at the ICC Annual Conference held in Durban, South Africa.
Related Articles
BCCI to receive 38.5% share in ICC’s new revenue model for 2024-27 cycle
BCCI to lock in broadcast deal for 2023-2027 before Australia series; Afghanistan ODIs moved to January
Coming to BCCI. The conference in Durban put a seal on ICC’s new proposed revenue model for the 2024-27 cycle which will see India receive close to 40% of the share.
The ICC did not explicitly spell out how much money BCCI will earn, but it is expected that the Indian board will make $230 million from the $600 million annual pot for the next four years. This means the BCCI’s share from the ICC pot stands at approximately 38.5%.
How big is this from before?
It’s a massive jump in revenue for BCCI. From 2016 to 2023, the BCCI’s share from the ICC’s central revenue pool was $405 million. BCCI is now expected to make that kind of money in less than two years.
How much will other boards earn?
England and Wales Cricket Board (ECB) will be the next biggest winner at approximately $41 million (6.89%) income annually. Cricket Australia (CA) will get $37.53 million (6.25%), while the Pakistan Cricket Board (PCB) will receive $34.51 million (5.75%). They are the only three boards apart from BCCI to earn over $30 million annually.
The remaining eight Full Members (Afghanistan, Bangladesh, Ireland, New Zealand, South Africa, Sri Lanka, West Indies and Zimbabawe) will receive less than 5% each.
The 90-plus Associate Members will get approximately US$ 67.5 million per year, around 11% of the revenue pot.
Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.
For all the latest Sports News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
