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The Indian cricket board (BCCI) might witness one other spherical of money windfall through the subsequent five-year cycle between 2023-2027 with estimated earnings of over USD 1.15 billion (INR 9 billion) from ICC’s share of annual income. While that is nonetheless not official however an influential ICC member stated that it’s only a matter of time earlier than BCCI is formally given 38.50 per cent of ICC’s annual income of 600 million USD, which involves USD 231 million for wold’s richest cricket board.
“It is a proposed model and it’s based on cricket (rankings), performance (in ICC events) and commercial (contribution to sport). Now India contributes such a significant share to the commercial element,” a senior BCCI supply informed PTI on situation of anonymity.
Such has been India’s dominance {that a} checklist printed by ESPN Cricinfo states that England and Wales Cricket Board (ECB) are second-best beneficiary with annual earnings of USD 41.33 million (6.89 per cent) whereas Australia with USD 37.53 million (6.25 per cent) are a distant third. The Pakistan Cricket Board are fourth with USD 34.51 million income which stands at 5.75 per cent.
During the final FTP cycle (2018-2022), ICC’s annual income was close to half USD 307 million approx and USD 1536 million for a five-year interval.
BCCI earned USD 405 million for 5 years (round USD 81 million each year) after hefty bargaining between erstwhile Committee of Administrators (CoA) and the then ICC chairman Shashank Manohar, who did not have too many buddies within the board at the moment. It was nonetheless round 26 per cent of the annual share again then.
In the final FTP cycle, ECB have been second finest with a share of seven.8 per cent whereas all different boards barring Zimbabwe bought 7.2 per cent.
With secretary Jay Shah heading the ICC’s omnipotent monetary resolution making Finance & Commercial Affairs (F&CA), the BCCI might drive dwelling the purpose and double their annual ICC income by almost 3 times.
“During last cycle, BCCI never had a powerful representation the ICC’s F&CA and now things have changed,” the supply added.
As proposed mannequin, ICC will allot round 11 per cent of its income for all affiliate nations this time whereas final time it was round 14 per cent.
(This story has not been edited by NDTV employees and is auto-generated from a syndicated feed.)
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