The ICC board meeting in Durban has approved a massive 38.5% share per year to BCCI out of the world body’s revenue in the coming cycle. The ICC approved a new revenue distribution model, further cementing the Indian board's dominance.
While the exact numbers are not known, BCCI's revenue share will now be 38.5 percent of the ICC's annual income, which could amount to over $231 million per year or more specifically close to INR 2000 crores.
Cricket Australia (CA) will receive around $37.53 million (approximately 6.25 percent), placing them in a distant second and third position, respectively. The 90-plus Associate Members will share approximately US$ 67.5 million per year.
The biggest earners in the new model after the BCCI are the ECB, CA, and the PCB. There is a tweak to the draft model that will see an increase in revenues of about US$ 1 million per year for a middle band of five full members: CSA, SLC, BCB, NZC, and CWI.
"The ICC Board also confirmed the largest-ever investment into the sport after the distribution model for the next four years was agreed upon. 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,” ICC statement read.
"All members will receive a base distribution and then additional revenue will be concerning 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,” ICC chairman Greg Barclay said.
In another big decision, the ICC has agreed to a limit of 4 overseas players in playing XIs for new events to curb the growing threat posed by T20 leagues proliferating across the globe.
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The ICC has decided that all new T20 leagues will have to include at least include seven homegrown players or players from associate members in their playing XIs. The host T20 board will also have to pay a "solidarity fee", which, in simple words, is a commission to the home board of an overseas player.
"Moving forwards, new events requiring a sanction will need to ensure the playing XI of each team will include a minimum of seven local or associate member players to support the development of the game. Additionally, a solidarity fee will be payable from the organizing member to the home board of a player to reflect the role the member played in developing and promoting the sport globally,” the statement read.
To strike a balance between the necessity to sustain over-rates and make sure players are paid fairly, the Chief Executives' Committee authorized adjustments to the over-rate fines in Test cricket.
Such players will be fined 5% of their match fee for each over-short up to a maximum of 50%.
But if a team is bowled out before the new ball is due at 80 overs, there will be no over-rate penalty applied even if there is a slow over-rate. This replaces the current 60-over threshold.
(PTI inputs)
