The Board of Control for Cricket in India (BCCI) is expected to receive 38.5% of the annual earnings in the cycle 2024–27, according to the new financial model put forth by the ICC. The apex cricket board in India is anticipated to grab a larger slice of the pie than the other boards, according to the revenue allocation model, which highlights the ICC’s projected receipt of US$ 600 million.
It is acknowledged that the BCCI will most likely receive US$ 230 million annually from the ICC revenues in the upcoming cycle under the new arrangement. The England and Wales Cricket Board (ECB) and Cricket Australia (CA) might earn US$ 41.33 million (or 6.89%) and US$ 37.53 million (or 6.25%), respectively, in comparison to the other two large sharks.
The ICC earns more than US$ 3.2 billion annually, exclusively from the sale of media rights. As Disney Star spent over US$ 3 billion for four years, the Indian market accounts for the majority of the media rights. The Pakistan Cricket Board (PCB) is anticipated to earn about US$ 30 million among the remaining nine Full Members, excluding the “Big Three” (BCCI, CA, and ECB).
BCCI is nearly finished assembling a billion-dollar figure.
According to the ICC’s most recent forecasts, the BCCI would likely receive an overall total of $924 million over the new cycle. However, if the ICC’s overall revenue increases enough, it’s possible that the cricket board will surpass the billion dollar mark.
This ultimately means that the BCCI would earn 82% more than the ECB, who will only receive US$ 165 million for the 2024–27 cycle, the second-highest earner. The ICC’s new model proposal has not yet been fully implemented because the Full Members have not yet provided their feedback. For several countries on the Full Member list, there may be a decline in the value of broadcast rights if the agreement is finalized.
cricket/ 10 months ago
The submission of Bangladesh to Zimbabwe is referred to as a “disgrace” by Khaled Mahmud
Khaled Mahmud, the director of cricket operations for Bangladesh, expressed his dissatisfaction with the...
Commonwealth Games/ 10 months ago
The Olympic committee has selected cricket for further consideration
It is one of the nine prospective new sports that the International Olympic Committee...