ECB CEO backs ICC’s proposed revenue model

Says India justified in getting 38 per cent of earnings

Dubai: India make immense contribution in driving revenues and fuelling the growth of cricket globally and deserve to earn USD 230 million per year from 2024 to 2027 under ICC’s proposed financial model, feels ECB chief executive officer Richard Gould.
According to the new proposed distribution model, the Indian cricket board (BCCI) could earn 38.5 per cent of the USD 600 million earnings over the next four-year commercial cycle with the ECB (USD 41.33 million) and Cricket Australia (USD 37.53 million) being the next highest earners.
The PCB is likely to take home USD 34.51 million (5.75 per cent), while the rest will be shared by the remaining eight full members.
In total, the 12 full members will get USD 532.84 million (88.81 per cent) with the remaining USD 67.16 million (11.19 per cent) going to the associate members out of the USD 600 million projected pool.
The proposals, which are due to be ratified by the ICC, were criticised as it will only further increase the financial disparity in the game.
However, Gould defended ICC’s new allocation model. “When you see where that value is created, I think it’s understandable,” Gould said on the latest episode of The Final Word podcast.
“There may be tweaks in the margins here or there, but the dominant position India is in is based on India’s ability to drive revenues and drive the sport forward. One point four billion people, one sport, ten (IPL) teams, one international team.” “What I’m also fascinated by is India’s determination also to assist the world game. You look at the percentages and go ‘Well, that’s not fair it should be split equally’. But we’ve got to look at the size of the market.
“India play as many international fixtures as any other team in the world. And they do that because they know when they tour as an international team, they bring interest and revenue to that home side. I think it’s important to see things in the round, in that regard,” he added.
Gould acknowledged the disparity, but he took a holistic view of the situation. “I get it (the financial inequality). But I also understand how important India is, because without them we wouldn’t have the kind of revenues that are coming into the game,” he said.
PTI

Leave a Reply

Your email address will not be published.