MUMBAI: The International Cricket Council’s new finance model, as per which India is set to get 38.5% of the $600 million annual earnings for the 2024-27 cycle, was approved at the governing body's annual conference in Durban, South Africa.
As per this new revenue-distribution ICC model for the next four years of the commercial cycle, the BCCI is projected to earn $230 million per year - nearly 40% of the total ICC revenues in this cycle.
IPL chairman Arun Dhumal said, "The BCCI has in recent years bolstered its global standing as a visionary board under the astute leadership of Mr Jay Shah (BCCI secretary) in the pantheon of cricket, wherein the BCCI has lead by example be it the Women's Premier League (WPL), pay parity for women or the proliferation of the sport globally with the IPL. It was thus, just a matter of time before its contributions to the game of cricket were recognised by the ICC, the apex governing body for cricket globally. The BCCI would like to express its gratitude and appreciation to the ICC for approving the revamped revenue-distribution model during the ICC’s AGM in Durban. I am certain under Secretary Jay Shah, Indian cricket will continue to fulfill its role of leading by example with path-breaking initiatives and going from strength to strength, both on and off the field.”
“The ICC Board also confirmed the largest ever investment into the sport after the distribution model for the next four years was agreed. Every ICC Member will receive significantly enhanced funding with a strategic investment fund ring-fenced to drive global growth initiatives in line with the ICC Global Growth Strategy,” mentioned the ICC release.
“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. All members will receive a base distribution and then additional revenue will be in relation to contribution to the global game both on and off the field. 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,” Barclay said.
