Cricket is turning into business just like football and ICC is giving more power to the lucarative cricket nations like India, England and Australia. When ICC disclosed their next 8 year plan from 2016 to 2023 the issue if “Big 3” rose with BCCI, Australian Cricket board and England Cricket Board persuaded ICC to get the lionshare of revenue distribution among top test playing nations.
The Big Three (BCCI, ECB & ACB)
There were protest opposing the big three scenario but ultimately nations like Sri Lanka, Pakistan, South Africa and West Indies had to accept the terms handed over to them by new cricket power “The Big 3”. On paper it does look like that India who generate the most money for ICC deserve the lion share of ICC revenue pie while two other big countries England and Australia joining forces with BCCI managed to convince not only ICC but some top test nations to agree to new proposal. So today we take a look at new revenue sharing model and how it will effect the cricket in developing countries, but first lets take a look at some of the Pertinent Points proposed by big three formula.
ICC’s Expected Revenue during 2015-2013:
In the annual meeting ICC revealed that they are well in course to generate the record money in history of cricket yearly cycles with a total of $2.5 billion to $3 billion expected in next 8 years (2016-2013) which will include two 50 over world cups, 2 T20 world cups and a world test championship. so how will this expected revenue to be distributed among top 8 test playing nations after the new power is formed in The big three ?
ICC Revenue Sharing Model:
According to the current/previous model all full members (test playing nations) would get and equal share of the pie but with the new revenue sharing model BCCI stands to get the lions share with massive 23% of the total revenue generated by ICC while England and Australia will get around 6% to 10% each. so lets take a closer look at the number game for the next 8 year revenue generations and distribution.
|DETAILS||SHARE ($)||IND RUPEE|
|ICC’s Total Expected Revenue||$2.5 billion||Rs 15,700 cr|
|BCCI’s Share (22.9 %)||$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|