Despite opposition from the Pakistan Cricket Board (PCB), the Board of Control for Cricket in India (BCCI) is set to have a stranglehold on the ICC Revenue. The ICC Finance Committee is set to approve $230m or 38.5% of the revenue share for BCCI at the AGM this week. The four-day ICC Meeting including the AGM will begin on Monday (July 10) and will conclude on Thursday.
BCCI Secretary Jay Shah who also heads ICC’s all-powerful Financial & Commercial Affairs (F&CA) committee will formally approve the revenue share. As per PTI, all other member associations have agreed to the revenue share barring Pakistan.
Who gets how much of ICC Revenue Share?
As per the new revenue share model, out of $600 million, BCCI will get 38.5% while ECB will pocket 6.89% and Australia 6.25%. The rest will be shared between other members based on ICC rankings, performance at ICC events, media rights revenues and viewership, and contribution to the game. This new revenue share model is for 2024-27.
“Look, if one tries to go by percentages, the revenue distribution might look unfair with India getting 38.5 percent and ECB getting 6.89 and Cricket Australia receiving 6.25 percent. One should look at it from the quantum of revenue angle. Every member association is getting way more significant compared to what they got over the last eight years,” an ICC board member told PTI.
In the new model, England & Wales Cricket Board will earn $41 million compared to $16 million in the last eight years. Similarly, associate nations will also benefit as the pot increases from $22 million to $67 million.
“The percentages are calculated based on the contribution to the game through cricket (rankings), performance (at ICC events) and commercial (media rights revenues and viewership), so it’s based on what they are contributing to the overall health of the game,” the member told PTI.
No inequality
Hence, the member dismissed PCB’s claims of inequality of distribution. Pakistan Cricket Board under Najam Sethi’s leadership wrote to the ICC last month criticising the new share. As per him, PCB should earn more.
“Sethi pointed out that it was unfair that Pakistan should get a lesser share of the ICC revenues in the new cycle compared to Australia and England. Sethi argued that Australia and England regularly get to play bilateral series with India and their players also take part in the Indian Premier League which means extra revenues for the two boards from the IPL management,” a source close to PCB told PTI last month.
But ICC does not share a similar thought. Instead, he dismissed the claims of inequality.
“The question of inequality doesn’t arise as the volume of revenue has increased. So it’s not that BCCI is taking more money from the same amount of revenue,” the ICC member told PTI.
Follow InsideSport on GOOGLE NEWS / Follow Cricket News Live Updates with InsideSport.IN.
