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BCCI to earn approx 40% of total ICC earnings in the proposed finance model
The Board of Control for Cricket in India (BCCI) is set to get the highest share, which is nearly 40% of the annual earnings of the ICC, if the proposed finance model gets implemented. ICC’s yearly earnings would be around US $600 million, from which BCCI would take nearly US $230 million home per year between 2024 and 27.
ESPNcricinfo mentioned in its report that the ECB (England and Wales Cricket Board) would get the second largest share of the earnings, which is close to 7%, while the PCB (Pakistan Cricket Board) is expected to get 5.25% of the total earnings of the ICC. The estimated annual earnings of the ICC are calculated from the sale of its media rights alone.
The media rights were sold in five nations, including India, where Disney Hotstar paid over $3 billion for four years. The BCCI would have a larger hand in the revenue share as India is the country that is providing the ICC with maximum business and deals, thanks to the Indian cricket fans. The business that India gives to the ICC outweighs every other member’s contribution, and the share BCCI gets in this model can be justified easily.
The proposed finance model would undergo further scrutiny and the required updates. The model was proposed by the ICC, and then it was given to the F&CA (Finance and Commercial Affairs) committee of the ICC then it was given to the F&CA (Finance and Commercial Affairs) committee of the ICC. The distribution of the revenue is based on “component weightings.” That’s what the report said. There are further criteria associated with component weightings, which somehow look like a rip-off of the Big Three. There is also a provision for allocating $100 million to the emergency fund; if it gets approval, the annual earnings of the ICC would reduce to $500 million, but the percentage share would remain as proposed by the ICC, which would hit the earnings of the member cricket boards.
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