New Delhi: After the conclusion of the ICC board meeting in Durban on Thursday, the Board of Control for Cricket in India (BCCI) was able to secure for itself the largest share from the International Cricket Council's (ICC) bumper media-rights proceeds (approximately $ 3.2 billion, 2024–27) – approximately 38.5 percent of the estimated $ 600 million annual earnings.
The allocation for "a strategic investment fund" is the only variation from the revenue sharing formula suggested at the most recent quarterly meeting. According to an ICC representative, the precise sum is "yet-to-be determined," but it will not have an impact on the share member boards receive.
“Every ICC Member will receive significantly enhanced funding with a strategic investment fund ring-fenced to drive global growth initiatives,” the ICC said in a media release.
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The India board will now get more than $ 230 million per year, which is a huge increase over the previous cycle in both absolute terms ($50 million to over $230 million) and percentage terms (22% to 38.5%).
Three tiers will contain the next highest-paid cricket boards. Pakistan's PCB, Australia's CA, and England's ECB will all get between 6 and 7 percent apiece. West Indies' Cricket West Indies, South Africa's CSA, New Zealand's NZC, Bangladesh's BCB, and Sri Lanka's SLC will be the teams that come after them.
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The cricket governing bodies of Zimbabwe, Afghanistan, and Ireland will be in the third division. Each cricket governing body, other from the BCCI, would receive a percentage stake in the single digits.
Despite this, there was no significant opposition at the Finance and Commercial Affairs Committee meeting, which was presided over by Jay Shah, the BCCI secretary. This committee made recommendations to the ICC board regarding a change in the revenue sharing percentages because every member board, including the associates, stands to gain significantly more than they did in the previous cycle. As the contribution from the Indian market is currently estimated to be above 85%, the BCCI takes the biggest cut.
“The success of our media rights and commercial programme for our next four-year cycle means we are able to invest more money than ever before into our sport,” ICC Chair Greg Barclay said.
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