No formal ratification of ICC revenue model at AGM

Express News Service

CHENNAI: There was no formal ratification of the International Cricket Council’s proposed revenue distribution model during the annual general meeting in Durban. One of the members who attended the meeting was hopeful there would be a further face-to-face meeting to discuss the finer points of the model rather than a press release ratifying the proposal in a few days. 

“No final decision on that as of now,” the person said. The proposed distribution model had left a very divided house within the ICC with the rich getting richer. As it stands, the BCCI, on the basis that it brings the most money via TV rights, is set to earn upwards of USD 230mn a year for the next four-year cycle.

While some rumours suggested that the body would be moving the T20 World Cup to England in 2024, the ICC has eschewed any such moves for the time being. It will be held in the USA and West Indies, at least as of this moment.

Equal pay at ICC events
In a welcome move, the ICC announced equal prize money for men’s and women’s competitions. “Teams will now receive equal prize money for finishing in similar positions at comparable events as well as the same amount for winning a match at those events,” an ICC press release stated.

“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,” ICC Chairman Greg Barclay said.

The last T20 World Cups across both genders had highlighted the disparity so this is a welcome step. At the 2023 T20 Women’s World Cup, for instance, the winners and the runners-up pocketed $1mn and $500,000, respectively. A year earlier at the men’s T20 World Cup, the winners and the runners-up walked away with $1.6mn and $800,000, respectively.

Guidelines for new events
The body also ratified guidelines for new franchise-based leagues. “New events that are coming up will now require a minimum of seven local players or Associate Member players,” the press release added. “The organising Member will also pay a solidarity fee to the Home Board of a player.”

Salient points
No formal ratification of proposed revenue distribution model
West Indies-USA remain as men’s T20 WC hosts in 2024
Ratified proposals for new franchise tournaments
Equal pay
New overrate penalties in current WTC cycle 

<br /> CHENNAI: There was no formal ratification of the International Cricket Council’s proposed revenue distribution model during the annual general meeting in Durban. One of the members who attended the meeting was hopeful there would be a further face-to-face meeting to discuss the finer points of the model rather than a press release ratifying the proposal in a few days. </p> <!-- WP QUADS Content Ad Plugin v. 2.0.85 --> <div class="quads-location quads-ad241053 " id="quads-ad241053" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;" data-lazydelay="0"> <!-- WP QUADS - Quick AdSense Reloaded v.2.0.85 Content AdSense async --> <ins class="adsbygoogle" style="display:block;" data-ad-format="auto" data-ad-client="ca-pub-7550963679842137" data-ad-slot="3250057321"></ins> <script> (adsbygoogle = window.adsbygoogle || []).push({});</script> <!-- end WP QUADS --> </div> <p>“No final decision on that as of now,” the person said. The proposed distribution model had left a very divided house within the ICC with the rich getting richer. As it stands, the BCCI, on the basis that it brings the most money via TV rights, is set to earn upwards of USD 230mn a year for the next four-year cycle.</p> <p>While some rumours suggested that the body would be moving the T20 World Cup to England in 2024, the ICC has eschewed any such moves for the time being. It will be held in the USA and West Indies, at least as of this moment.googletag.cmd.push(function() {googletag.display(‘div-gpt-ad-8052921-2’); });</p> <!-- WP QUADS Content Ad Plugin v. 2.0.85 --> <div class="quads-location quads-ad241053 " id="quads-ad241053" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;" data-lazydelay="0"> <!-- WP QUADS - Quick AdSense Reloaded v.2.0.85 Content AdSense async --> <ins class="adsbygoogle" style="display:block;" data-ad-format="auto" data-ad-client="ca-pub-7550963679842137" data-ad-slot="3250057321"></ins> <script> (adsbygoogle = window.adsbygoogle || []).push({});</script> <!-- end WP QUADS --> </div> <p>Equal pay at ICC events<br /> In a welcome move, the ICC announced equal prize money for men’s and women’s competitions. “Teams will now receive equal prize money for finishing in similar positions at comparable events as well as the same amount for winning a match at those events,” an ICC press release stated.</p> <p>“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,” ICC Chairman Greg Barclay said.</p> <!-- WP QUADS Content Ad Plugin v. 2.0.85 --> <div class="quads-location quads-ad241053 " id="quads-ad241053" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;" data-lazydelay="0"> <!-- WP QUADS - Quick AdSense Reloaded v.2.0.85 Content AdSense async --> <ins class="adsbygoogle" style="display:block;" data-ad-format="auto" data-ad-client="ca-pub-7550963679842137" data-ad-slot="3250057321"></ins> <script> (adsbygoogle = window.adsbygoogle || []).push({});</script> <!-- end WP QUADS --> </div> <p>The last T20 World Cups across both genders had highlighted the disparity so this is a welcome step. At the 2023 T20 Women’s World Cup, for instance, the winners and the runners-up pocketed $1mn and $500,000, respectively. A year earlier at the men’s T20 World Cup, the winners and the runners-up walked away with $1.6mn and $800,000, respectively.</p> <p>Guidelines for new events<br /> The body also ratified guidelines for new franchise-based leagues. “New events that are coming up will now require a minimum of seven local players or Associate Member players,” the press release added. “The organising Member will also pay a solidarity fee to the Home Board of a player.”</p> <!-- WP QUADS Content Ad Plugin v. 2.0.85 --> <div class="quads-location quads-ad241053 " id="quads-ad241053" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;" data-lazydelay="0"> <!-- WP QUADS - Quick AdSense Reloaded v.2.0.85 Content AdSense async --> <ins class="adsbygoogle" style="display:block;" data-ad-format="auto" data-ad-client="ca-pub-7550963679842137" data-ad-slot="3250057321"></ins> <script> (adsbygoogle = window.adsbygoogle || []).push({});</script> <!-- end WP QUADS --> </div> <p>Salient points<br /> No formal ratification of proposed revenue distribution model<br /> West Indies-USA remain as men’s T20 WC hosts in 2024<br /> Ratified proposals for new franchise tournaments<br /> Equal pay<br /> New overrate penalties in current WTC cycle <br />