BCCI’s Status Is Going To Increase In ICC, Will Earn Bumper Even If Tax Exemption Is Not Given
BCCI’s status is going to increase in ICC, will earn bumper even if tax exemption is not given, and will get 2 thousand crores in 1 year.
The status of the Board of Control for Cricket in India ie BCCI in the International Cricket Committee (ICC) is going to increase further.
ICC’s powerful Finance and Commercial Affairs (F&CA) committee is going to form a working group. Which working group will work on the new model of revenue sharing?
If the sources associated with this matter are to be believed, then the new revenue-sharing model comes into force.
Then during the year 2024 to 2027, BCCI can get 37 percent of the income of ICC from cricket.
BCCI’s share in the revenue cycle from 2016 to 2023 was 22.8 percent. During this, the Board of Control for Cricket in India received 405 million dollars (about 3 thousand crore rupees).
The interesting thing is that BCCI Secretary Jai Shah is the head of the Finance Committee of ICC.
The ICC acknowledges that the share of the Indian market in its total revenue is more than 75 percent.
However, the sale of media rights for the 2024-2027 cycle suggests that the share of the Indian market in ICC’s revenue is much higher than previously estimated.
BCCI’s status is going to increase in ICC: Media rights for India sold for $3 billion.
A source associated with this development says, “ICC has decided to sell the rights for the first time according to the region or region. In this, the share of the Indian market alone was 3.04 billion dollars.
According to the ICC’s own ’75 percent theory’, does $3.04 billion account for 75 percent of its global revenue? Do the rest of the countries contribute only 25 percent to the revenue pool of the ICC?
It is believed that during this period media rights were sold in Australia for 4 years for $60 million (about 490 crores).
India’s share in ICC’s revenue is 90 percent.
At the same time, in the case of Britain and Europe, the 4-year deal was not a profitable deal for the ICC. That’s why he signed an 8-year agreement with the broadcaster SKY.
The source associated with this says that the ICC was not getting anything from the 4-year deal.
If the rest of the world is also included, then ICC does not get even 500 million dollars (about 40 billion) from media rights.
According to the source, it is clear that the Indian market’s share in ICC’s revenue is not 75 percent, but around 90 percent.
Sources related to the market keeping an eye on this update say that India is definitely the biggest market for cricket.
This can be gauged from the amount of media rights sold for the Indian market for the 2024-2027 cycle.
This will only fill the coffers of ICC. In this period, 2 T20 World Cups, 1 Champions Trophy and 1 ODI World Cup are to be played.
