The Board of Control for Cricket in India (BCCI) would be taking a larger portion of the ICC’s revenue cake as the new revenue sharing formula of the ICC was accepted by the members during an official meeting in Durban, South Africa. BCCI would get 38.5% of the net earnings of the ICC, whose annual earnings are estimated to be around $600 million. The new revenue sharing model will be implemented for the next ICC cycle (2024-2027), and BCCI will be getting $231 million annually. Earlier, BCCI’s earnings were around $46.7 million annually. There is a slight addition to the revenue sharing model: “a strategic investment fund,” whose excat fund amount is yet to be declared, but it won’t affect the percentage share of the members.
The boards that would be getting the second highest share of the revenue would be England’s ECB (6.89%), Australia’s CA (6.25%), and Pakistan’s PCB. These three cricket boards are part of Tier 1 in revenue sharing, and in Tier 2, there are the cricket boards of the West Indies’ Cricket Board, South Africa’s CSA, New Zealand’s NZC, Bangladesh’s BCB, and Sri Lanka’s SLC, followed by Tier 3, in which the cricket boards of Zimbabwe, Afghanistan, and Ireland are listed. India’s strong hold in ICC share is due to its huge contribution to making cricket a popular sport, as now India’s contribution to cricket is over 85%.
A major step forward towards pay parity ICC members have decided to increase the prize money of the women’s events, eventually bringing them in line with the men’s events. The ICC’s chairman, Greg Barclay, said this about the major step:
“This is a significant moment in the history of our sport, and I am delighted that men’s and women’s cricketers competing at ICC global events will now be rewarded equally. Since 2017 we have increased prize money at women’s events every year with a clear focus on reaching equal prize money and from here on in, winning the ICC Women’s Cricket World Cup will carry the same prize money as winning the ICC Men’s Cricket World Cup and the same for T20 World Cups and U19s too,”Greg Barclay