With the advent of IPL and various T20 leagues across the world, Cricket has now become one of the most watched sport in the world. And this has had a positive impact on the money side of the sport. Sponsors all over the world are lured to encash the 2nd most popular sports in the World. ICC a governing body in World Cricket is becoming richer every day and the revenue that it is generating now is astounding. Apart from major sponsors, match tickets, the major chunk of income comes from selling TV rights.
The various national boards also pay to the ICC. And just to gauge the immense wealth that ICC has the projected revenue for the year 2016-2023 in the staggering range of $1.1 billion to $3.5 billion. Revenue sharing has always been a contentious issue. But off late the matter has been heating up and gathering much attention. Here we decode the ICC Revenue Sharing for you and look into as to why the matter has been causing such a stir.
Before plunging into the contentious issues let us first look at the present ICC revenue sharing model. At present in the ICC there is a notion of the BIG THREE comprising of traditional powers like Australia and England and the biggest power BCCI. According to the new ICC revenue sharing model, India would get around 23% of the revenue, followed by England with 12% and Australia at 6%.
This revenue sharing system means the rich become richer and poor become poorer as BCCI which is the richest Cricket Board in the world would get close to about 3600 Cr. rupee and Zimbabwe which has one of the poorest Cricket boards would get a mere 400 crore rupee.Surely a detrimental step when it comes to promoting Cricket all around the globe.
ICC Revenue Sharing Model (2016-2023)
|DETAILS||SHARE ($)||INR (₹)|
|ICC’s Total Revenue||$2.5 billion||Rs 15,700 Cr|
|BCCI’s Share (23 %)||$586 million||Rs 3,600 Cr|
|England Board (ECB) Share (11.7%)||$295 million||Rs 1,850 Cr|
|Australian Board (ACB) Share (5%)||$130 million||Rs 800 Cr|
|Pakistan Boards (PCB) Share (3.82%)||$97 million||Rs 600 Cr|
|South Africa Board (CSA) Share (3.75%)||$96 million||Rs 590 Cr|
|West Indies Board (WICB) Share (3.18%)||$81 million||Rs 500 Cr|
|New Zealand Board (NZC) Share (2.99%)||$76 million||Rs 470 Cr|
|Sri Lanka Board (SLC) Share (3.18%)||$81 million||Rs 500 Cr|
|Bangladesh Board (BCB) Share (2.67%)||$68 million||Rs 420 Cr|
|Zimbabwe Board (ZCB) Share (2.54%)||$65 million||Rs 400 Cr|
|Associate Members Share (9.75%)||$211 million||Rs 1300 Cr|
|ICC Share (30%)||$760 million||Rs 4670 Cr|
But this isn’t simple as it seems, BCCI is the real money spinner for ICC. It’s the Indian team that lends glamour and money to the ICC events. People want to watch India play more than any other team. So, according to BCCI and logical enough BCCI should get a lion’s share of the revenue.
BCCI is adamant that the revenue system is followed. But there are certain boards like PCB and WICB who are making all the clamour and noise. They say that for their survival and betterment of cricket and for the so-called propagation of Cricket the old revenue system should be brought back in place. The old revenue system ensured equal revenue distribution among all the test playing nations.
Now comes the recent noise about the issue. The ICC chairman Shashank Manohar had a view that India should take a cut in the revenue by 6% and distribute it among the NON BIG THREE MEMBERS. This statement didn’t go well with the BCCI administrators and they are against this proposal.
There were even talks of boycotting ICC events.But as of now nothing as happened from both sides. With BCCI in calamitous situation in terms of administration, it needs to be seen what happens to BCCI’s position in the ICC.