BCCI to earn USD 231 million annually in ICC’s new revenue model: Report
The new revenue distribution model will be applicable for the next four years and is currently being proposed.
New Delhi: Board of Control for Cricket in India (BCCI) is set to get a big share in ICC’s next revenue distribution model and is likely to take about 38.50 percent share in the revenue. The new revenue distribution model will be applicable for the next four years and is currently being proposed. As per a report by ESPN Cricinfo, BCCI will earn USD 231 million per year from 2024 to 2027.
According to the proposed model, ICC is likely to earn about USD 600 million annually and BCCI will have the largest contribution as well as the largest share in it. ECB stands next to BCCI with a 6.89 percent share in revenue, which means the English board will take USD 41.33 million annually. The difference of about USD 190 million between the first and the second cricket board in the list says a lot about BCCI’s position globally.
The share in the revenue is based on the factors of cricket history, performance in ICC events over the last 16 years (both men’s and women’s teams), contribution to the ICC’s commercial revenue, and the status of being a Full Member.
BCCI has been a huge contributor to ICC’s revenue in terms of media rights and hosting. It is estimated that BCCI contributes 70-80 percent of revenue to cricket globally and Indian Premier League (IPL) is the cherry on the top of this cake. India has been doing well and has had a rich cricket history too, as well as, the inclusion of the Women’s Premier League (WPL) has just added to BCCI’s revenue and contribution to global cricket.
ICC’s current Finance and Commercial Affairs (F&CA) committee is chaired by BCCI secretary Jay Shah and includes former Pepsico chairperson Indra Nooyi, Zimbabwe Cricket president Tavengwa Mukuhlani and CA board member Richard Freudenstein.
Reportedly, there is a conflict between ICC and F&CA to put USD 100 million as an emergency fund, but this will affect the income of Full Member boards. It is to be noted that this is a proposal and all Full Members will give their views on it.