India's Share Of World Cricket Hiked From $293 Million To $405 Million

[velu]

Quote

India's share of world cricket revenues was increased from $293 to $405 million on Thursday, under a new deal agreed among other wide-ranging reforms at a meeting of the game's global governing body in London. The deal came after India protested a decision in April to divide revenues more equitably among members of the International Cricket Council (ICC) -- a move which would have cost the Indian board a large chunk of its funding over the next eight years. In the new model, England will receive $139 million, while Australia, Pakistan, the West Indies, New Zealand, Sri Lanka and Bangladesh would get $128 million and Zimbabwe $94 million.

https://sports.ndtv.com/cricket/indias-share-of-world-cricket-hiked-from-293-million-to-405-million-1716022?pfrom=home-topstories

[kosingh]

Good job BCCI. This sounds more reasonable.

[WC2011INDIA]

edit

 

Edited June 23, 2017 by WC2011INDIA

[WC2011INDIA]

11 minutes ago, velu said:

https://sports.ndtv.com/cricket/indias-share-of-world-cricket-hiked-from-293-million-to-405-million-1716022?pfrom=home-topstories

SA?

 

 

[StriKe]

Quote

The Associate Members along with Ireland and Afghanistan, the two newly-promoted full members who were awarded Test status on Thursday, will collectively receive funding of $240m.

 

[StriKe]

Quote

In the final model, seen by ESPNcricinfo, figures are based on the ICC earning US$2.7 billion in the new rights cycle from 2016-2023. After various ICC expenses and costs are taken out, the net surplus is US$ 1.776 billion; of this amount, Full Members will receive US$1.536 billion and Associates US$240 million. Out of the FM's share, the BCCI will receive US$405 million and the ECB US$139 million. Each of Cricket Australia, Cricket South Africa, Pakistan Cricket Board, New Zealand Cricket, Sri Lanka Cricket, Cricket West Indies and Bangladesh Cricket Board will receive $128 million. Those figures represent a US$ 4 million drop for each of the eight boards. Zimbabwe Cricket retains the same share that was presented in April - $94 million.

 

http://www.espncricinfo.com/ci/content/story/1105328.html

[mishra]

IIRC, India should have got 570 million. Still a loss of over 165 million. Good bit is ICC was rightfully forced to cut down its cost. More cuts needed at ICC, to ensure that they dont grow out of their shoes and come and bite us

[mishra]

ICC costs 1 billion. What for?

[sandeep]

11 minutes ago, mishra said:

ICC costs 1 billion. What for?

Bribes.  

[Sachinism]

TBH BCCI got played.

 

The demanded 575, ICC went up to 400 and finally settled on 405. 

Looking at a gain from 293 to 405 is not right because the 293 was an unrealistic low ball figure

[mishra]

^ ICC isnt running anything in any country apart from possibly charging standard registration fees and beureucratic costs like ethics, doping etc etc.

Only time it probably shells out some money is when its organising someing in the test playing nations.

 

11 unknown events in third world cost 1 billion? Are you joking?

[coffee_rules]

Payback for losing CT final!

Edited June 23, 2017 by coffee_rules

[Vilander]

so BCCi lost 165 million. and all board including pak gained around 15 mill each. pak should get more like zim or a bit less as they do not contribute anything to icc revenue. 

[Asim]

Many congrats to all indian cricket fans... keep up the hard work...

[PBN]

icc got what they wanted

this was their plan all along

[veer]

6 hours ago, StriKe said:

 

http://www.espncricinfo.com/ci/content/story/1105328.html

 

There is something fundamentally wrong with the structure if they think CA and PCB/WICB should get same amount of Revenue distribution. Just to begin with exchange rate and cost of expenses would be whole lot different in CA than compare to PCB or WICB.