Get Honorary PhD

ICC-BCCI: ICC increases BCCI's revenue share by 72 percent, board will get Rs 2000 crore

Pankaj Prasad
ICC BCCI
ICC BCCI

According to the new revenue model of the ICC, now the BCCI will get a share of 38.5 percent in the 2024-27 season from the earnings of the ICC.

The International Cricket Council (ICC) has increased the fund i.e. revenue share received by the Board of Control for Cricket in India (BCCI) by a whopping 72 percent. BCCI Secretary Jai Shah has informed about this by writing a letter to all the State Cricket Associations. Jay Shah is currently in Durban for the ICC Annual Conference. The ICC released the new list of revenue share on the spot and shared it with its member boards.

BCCI will get 38.5 percent share

According to the new revenue model of the ICC, now the BCCI will get a share of 38.5 percent in the 2024-27 season from the earnings of the ICC. The BCCI earlier used to get 22.4 percent share from the ICC, which was still the highest then. This is an increase of about 72 percent. This is a tremendous increase in the stock of BCCI. Jai Shah wrote in his letter that this is the result of a collective effort by all the state cricket associations and other officials of the BCCI.

Full members of the ICC are 12 countries. In these, apart from India, Afghanistan, Australia, Bangladesh, England. Ireland, New Zealand, Pakistan, South Africa, Sri Lanka, West Indies and Zimbabwe. And it has some 6 associated members. ICC shares revenue with everyone.

BCCI will get around 2000 crores annually

The 38.5 percent revenue share that BCCI will get means that the board will get $ 230 million i.e. around Rs 2000 crore annually in the 2024-27 season. The annual earning of ICC is $600 million i.e. around Rs 5000 crore. The credit for such an increase in BCCI's stock is being attributed to the deal made by the ICC with the Indian broadcaster 'Disney + Hotstar' for the matches. As per the new deal, the Disney star has bought the broadcasting rights for its tournaments from the ICC for the next four years by making a whopping offer of $3.1 billion.

ICC took the decision because of the benefits in media rights

Compare this to the previous broadcast rights deal, which was for eight years and was worth $1.9 billion. Due to such bumper earnings in media rights, ICC has also increased the revenue share of BCCI. This has further strengthened the hold of BCCI in world cricket. Jay Shah said in his statement – This fund will help promote the development of the game and invest in the development of cricket in the next media rights cycle. The BCCI in this meeting advocated the need to boost the Strategic Fund, which would be used to save Test cricket and develop women's cricket.

Jai Shah wrote a letter to the State Cricket Association

In a letter to the state cricket associations, BCCI secretary Jay Shah said on Friday, "Apart from our share in revenue distribution, we have also advocated for allocation of a major portion of the fund to the Strategic Fund of the ICC." Our strong diplomatic and strategic ties with fellow ICC members have been instrumental in securing this stake for India. This reflects India's importance as a nation in world cricket and shows that cricket is truly the heart of beats in India.