Hyderabad: The scheduling of International Cricket Council (ICC) events not only serves the organization but also financially benefits the participating teams through revenue generated from the tournaments. It is well-known that the Board of Control for Cricket in India (BCCI) stands as the dominant force, securing the lion’s share of these earnings. The distribution of revenue follows the ICC’s revenue-sharing model. Let’s delve into how this model operates and examine the revenue shares received by different teams.
How does the ICC revenue-sharing model function?
In July 2023, the ICC introduced a new revenue distribution model. Under this scheme, the BCCI emerges as the foremost beneficiary, reflecting its significant influence in global cricket.
The model stipulates that the BCCI will earn an estimated US$230 million annually from 2024 to 2027. This figure represents approximately 38.5% of the ICC’s annual earnings, which total $600 million. Such a substantial share underscores the BCCI’s pivotal role in the sport.
Meanwhile, the England and Wales Cricket Board (ECB) is set to receive $41.33 million each year, which accounts for about 6.89% of the ICC’s total earnings. This allocation reflects the ECB’s historical and competitive presence in international cricket.
The Australia Cricket Board (ACB), another key player in the cricketing world, will garner $37.53 million annually. This sum constitutes 6.25% of the overall revenue, highlighting Australia’s consistent performance and contributions to the sport.
This revenue-sharing model underscores the varying degrees of financial influence and contribution among cricket boards globally. By distributing funds based on this model, the ICC aims to maintain a balance between rewarding top-performing boards and supporting the development of cricket worldwide.