[ad_1]
The Bahrain Chamber of Commerce and Industry reaffirmed its position as cricket’s financial powerhouse in the world as the ICC unanimously endorsed the revenue distribution model at its powerful board meeting in Durban on Thursday.
In another significant development, the ICC has placed a cap on overseas cricketers plying their trade for teams in various leagues, limiting it to four players per XI match in new events. This is mainly for T20 tournaments that kick off every nook and cranny, posing a threat to the international version of the game.
While the ICC media release did not say how much revenue BCCI will generate from the new distribution model, the Indian Council is expected to earn US$230 million annually from the US$600 million for the next four years.
The proportion is around 38.4 per cent roughly and at least six times more than the England and Wales Cricket Board (ECB), who are set to receive nearly US$41 million (6.89 per cent) and Cricket Australia (CA) which will receive US$37.53 million (about US$6.25). percent) . They are second and third in the list by distance.
“The ICC Board of Directors also confirmed the largest-ever investment in the sport after approving the distribution model for the next four years,” reads the ICC release.
“Each ICC member will receive significantly enhanced funding through a hedged strategic investment fund to drive global growth initiatives in line with ICC’s global growth strategy,” the report reads.
While the figures were not present in the release, the ICC board member confirmed that the BCCI had received its due share for its contribution to the growth of the sport and in this course each member would earn significantly more.
“All members will have a base distribution and then the ancillary revenue will be related to contributing to the global game on and off the field,” said Greg Barclay, ICC Chairman.
He added, “This is by far the largest level of investment ever in cricket and is a once-in-a-generation opportunity for our members to accelerate growth, engage more players and fans and enhance competitiveness.”
Maximum player participation in new events
The International Cricket Committee has decided that all new events (read various T20 tournaments) must include at least seven home players or players from participating Members XI matches, in order to prevent the mass retirement of T20 professionals from the top countries.
With Major League Cricket (MLC) in the USA and Saudi Arabia also beginning to plan an ambitious T20 project in the future, stakeholders want to protect international cricket.
The host T20 board will also have to pay a ‘solidarity fee’, which, in simple words, is a commission to the home plate for an outfield player.
Going forward, new penalty events will need to ensure that each team’s playing XI includes at least seven homegrown players or affiliate members to support the development of the game.
In addition, a solidarity fee will be paid from the organizing member to the player’s local council to reflect the role the member has played in developing and promoting the sport globally.
Excessive price penalties
The Chief Executives Committee approved changes to penalties for overcharges in Test cricket to balance the need to maintain overrates and ensure players are paid adequately.
These players will be fined 5% of their match fee for each short period up to a maximum of 50%.
If a team bowls before the new ball is due at 80 overs, no overs penalty applies even if there is a slow overs rate. This replaces the current 60 above the threshold.
[ad_2]
