ISLAMABAD 17 July (Online): India’s new revenue share in the ICC’s finance model would stand at 38.5 percent
The Pakistan Cricket Board (PCB) has accepted the new financial model of the International Cricket Council (ICC).
In a press release shared on Monday, PCB confirmed that the new financial model, massively benefitting the Board of Control for Cricket in India (BCCI), has been accepted.
“PCB, in accordance with its constitutional right, has over the past few weeks and at the ICC Meetings, consistently sought additional information to better understand the rationale behind allocation of weightages to each of the criteria and the calculation of the distributions. The PCB felt in the absence of all relevant information, data and formulae, such a significant decision should not be taken in haste,
“The PCB, therefore, proposed that this item may be deferred to the next ICC meeting,
“Ultimately, majority of members did not find it feasible to defer this item and voted in favour of passing the Model, while the PCB recorded its dissent as a matter principle,” the PCB released a detailed statement on the matter.
As reported by ESPNcricinfo previously, India’s new revenue share in the ICC’s finance model would stand at 38.5 percent, while England and Australia would bag 6.89 and 6.25 percent respectively. Pakistan is set to earn 5.75 percent of the ICC’s projected earnings, which will come primarily through ICC’s $3 billion media rights deal for 2024-27.
“Pakistan will earn more than two times the revenue when compared to the last cycle,” the PCB said.
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