The Board of Control for Cricket in India (BCCI) reaffirmed its position as the financial powerhouse of world cricket as the International Cricket Council (ICC) unanimously passed the revenue distribution model at its board meeting in Durban on Thursday. The ICC has also imposed a cap on the number of overseas cricketers for teams in various leagues, so that in the new competitions, each team will be able to play only four overseas players in its XI. This is mainly for T20 leagues starting around every corner which is posing a threat to the international format of the game. While the ICC media release did not specify how much revenue the BCCI would get from the distribution model, the Indian board is expected to earn $230 million annually out of $600 million over the next four years. This total revenue is about 38.4 per cent and is at least six times more than that of the England and Wales Cricket Board (ECB) which gets $41 million at 6.89 per cent and Cricket Australia (CA) at $37.5 million (about 6.25 per cent). percentage) 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 a distribution model for the next four years,” the ICC release said. It further added, “Each ICC The member will receive the increased amount along with a strategic investment fund to drive global development initiatives in line with the ICC global development strategy. have received their fair share for contributing and each member in this cycle will earn significantly more. ICC chairman Greg Barclay said, “All members will receive a base distribution and then additional revenue in relation to their contribution to the global game on and off the field.” The ICC has also decided that T20 experts from top countries To prevent mass retirements, all new competitions (various T20 leagues) will have to include at least seven domestic players or players from Associate members in their XI.
With Major League Cricket (MLC) starting in the United States and Saudi Arabia also planning an ambitious T20 league in the future, stakeholders want to protect international cricket. The host T20 board will also have to pay a ‘solidarity fee’ which is simply the commission paid to the home board of an overseas player. The CEOs’ Committee approved changes in over-rate penalties to maintain over-rate and ensure fair remuneration to players. Such players will be fined five per cent of their match fees and up to a maximum of 50 per cent for each over bowled short in the stipulated time. If a team is dismissed before taking the new ball in 80 overs, no over-rate penalty will be imposed even if the over-rate is slow. This is more than the current time limit of 60 overs.
