The Board of Control for Cricket in India (BCCI) cemented its position as the financial powerhouse of world cricket when the International Cricket Council (ICC) unanimously approved the revenue-sharing model at its board meeting in Durban on Thursday.
The ICC has also imposed a cap on the number of foreign cricketers for teams in different leagues, so that each team in the new leagues can field only four foreign players in its XI. This is mainly for T20 leagues that start around every corner, threatening the international format of the game.
While the ICC press release did not specify how much revenue the BCCI would derive from the distribution model, the Indian board is expected to earn $230 million a year out of $600 million over the next four years.
This total turnover is about 38.4 percent and is at least six times more than England and Wales Cricket Board (ECB) who gets $41 million at 6.89 percent and Cricket Australia (CA) at $37.5 million (about 6 .25 percent). ) will be found. They are second and third in the list.
“The ICC Board has also confirmed the biggest ever investment in the sport after agreeing on a distribution model for the next four years,” said an ICC release.
It further added: “Each ICC member will receive an increased amount, along with a strategic investment fund, to drive global development initiatives in line with the ICC Global Development Strategy.”
While the release had no numbers, an ICC board member confirmed that the BCCI has received their fair share for contributing to the growth of the game and that each member will earn significantly more in this cycle.
ICC President Greg Barclay said, “All members receive a basic distribution and then additional income in proportion to their contribution to the global game on and off the field.”
The ICC has also decided that all new leagues (various T20 leagues) must include at least seven domestic players or players from associate members in their playing XIs to avoid mass retirements of T20 specialists from top nations.
With Major League Cricket (MLC) kicking off in the United States and Saudi Arabia also making plans for an ambitious T20 competition in the future, stakeholders are looking to protect international cricket.
The receiving T20 board will also have to pay a ‘solidarity fee’, which is simply the commission paid to a foreign player’s home board.
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