BCCI to get lion’s share in new financial model

Wednesday 17th May 2023 06:37 EDT

The Indian cricket board (BCCI) is in line to receive nearly 40 per cent of the International Cricket Council’s (ICC) annual earnings. For the following cycle, which runs from 2024 to 2027, the ICC financial and commercial affairs (F&CA) has suggested a new revenue model. According to the proposal, BCCI will receive almost $230 million a year, or about 39% of ICC's estimated total earnings of $600 million.

In 2014, the revenue-sharing was based on the Big Three model, giving the BCCI, England and Wales Cricket Board (ECB), and Cricket Australia (CA) priority, with the BCCI still receiving more than ECB and CA. With BCCI receiving $405 million across the cycle from 2015 to 2023, the concept was somewhat diluted in the previous cycle.

ECB stands to be the next big beneficiary with $41. 33 million followed by Australia getting $37. 5 million and Pakistan Cricket Board (PCB) drawing $34 million.

The F&CA is chaired by BCCI secretary Jay Shah. The F&CA has reportedly revamped the model on the basis of four components: Cricket history, performance in both men’s and women’s ICC events over the last 16 years, contribution to ICC’s commercial revenue and equal weightage for the status of being full member. However, the share for the associate members may take a hit with only 11 per cent of the revenue reserved for them.

It is assumed that BCCI is poised at contributing nearly 85 per cent of the commercial revenue. ICC has seen a major jump in media rights in the next cycle with Disney Hotstar winning the bid at USD 3 billion. ICC had broken up the media rights for different territories. The money coming from Sky Sports is estimated to be around USD 260 million.

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