BCCI has agreed to a 38.5% share for international events that require pay parity

The BCCI has agreed to a 38.5% share for international events that require pay parity

The BCCI made significant progress BCCI. Board of Control for Cricket in India (BCCI) during Thursday’s Annual Conference of the International Cricket Council (ICC) in Durban. The BCCI’s revenue share will currently increase to 38.5 percent of ICC’s annual revenue. 

It could reach over $231 million annually, approximately 2000 crore in Indian rupees. It significantly improved over the previous 22 percent allocated to the BCCI in 2015-23. The acceptance of the revenue-share finance model was among the most important decisions taken by the ICC board this Thursday.

Another notable decision taken during Durban was the introduction of pay parity in the field for both males and females, which was previously taken up in BCCI. BCCI for Indian cricket. The ICC board is now approving this plan, meaning both genders get the same prize during international tournaments.

The choice to provide the concept of equal prizes was first suggested by Jay Shah, the BCCI secretary, in the Finance and Commercial Affairs Committee (F&CA) session one day before an annual meeting. 

Through a post on social media, Jay Shah, the BCCI secretary, tweeted his delight at this significant step toward gender equality and inclusion. “I am pleased to share that a significant move towards gender equality and inclusion has been made. The prizes at all events at @ICC will be identical for women and men. 

We will all improve. I want to thank other Board participants for their help in achieving this crucial task. Let’s strive for a world in which cricket thrives all over the world,” the BCCI secretary stated in a post on social media posting after the conclusion of the meeting.

The precise figures of the gain have not been determined. However, If the Indian male team successfully wins this year’s World Cup in November, winning $5 million in prize money, then the women’s team would also be awarded the same amount in return for winning. 

“The announcement was made during the ICC Annual Conference in Durban, South Africa, and assures that the ICC Board fulfills its commitment to ensuring that prize money equity is achieved before 2030. 

Teams will be awarded equal prizes for finishes at similar events and the identical amount for winning matches on these occasions,” stated the ICC in its official statement.

Even though the sizes of prize pools vary due to differences in the number of teams and matches, the teams will receive the same amount for every game they play and equally for winning. Thus, every Cricket World Cup final winner will be awarded the same amount of prize money regardless of their win.

ICC chair Greg Barclay said: “This will be a landmark occasion in the development of the sport we play, which is why I am thrilled that women and men’s players competing in ICC worldwide events will be equally rewarded. Since 2017, we’ve raised the amount of prize money for female events each year with an eye on achieving an equal amount in prize money. 

Starting from now on, it will be the case that winning an ICC Women’s Cricket World Cup can be rewarded with the same cash prize that is awarded in the ICC Men’s Cricket World Cup as well as T20 World Cups and U19s.”

ICC confirms its approval for the finance model

The ICC statement didn’t detail the division of revenue sharing for each board member. It did state that the proposed model had been accepted, stating that every board member would be getting more significant revenue than they did in the last cycle.

“The ICC Board also confirmed that it will invest the most money ever in the sport following the distribution plan for the following four years was approved.

Each ICC member will benefit from significant increases in funding, with an investment fund strategically fenced to support global growth efforts that align with the ICC Global Growth Strategy,” the ICC announcement said. 

Barclay said, “The popularity of our sports commercial and media rights program in the next cycle of four years will allow us to make more investments than we’ve ever done in this sport.”

CEC examines T20 league calls, with the existing leagues remaining unaffected

In the meantime, The Chief Executives Committee (CEC) reviewed the rules governing franchise-based Twenty20 leagues around the world. According to Cricbuzz, on the 12th of July, It was decided that there would be no regulations on the leagues which have been recognized, including ILT20, MLC, and the Canada Premier League. But, the future leagues could have to comply with specific regulations.

The decision to review the rules came following an urgent meeting with the workgroup consisting of Arun Singh Dhumal of BCCI, Arun Singh Dhumal from BCCI, Nick Hockley from Cricket Australia, Warren Deutrom from Cricket Ireland, Mubashir Usmani from the Emirates Cricket Board, Jonny Grave of Cricket West Indies, and ICC General Manager Wasim Khan. 

A resolution on the Internet was approved and then passed on to CEC members to be approved. After the resolution was approved of the resolution, it was decided that the ICC Board implement restrictions for future leagues. 

These include the maximum number of international players on the playing XI and the requirement to be able to pay 10 percent of the player’s fees, which is known as the “solidarity fee,” to the home team.

“Moving forwards, any new event that requires a sanction must be accompanied by a requirement to be sure that the starting XI of every team has at least seven associate or local players to help develop the game of the sport. 

In addition, a fee for solidarity is due from the member who organized the event towards the Home Board of a player in recognition of the part of the member in developing and spreading the game globally,” the ICC said.

The CEC also approved a change to the over-rate sanction for Test cricket to ensure the necessity for over-rates to be kept in check and to ensure that the players receive a fair amount of compensation. 

“These players are punished by 5% of the match fees for each game shorter than 50 percent. If a team gets dismissed when a new ball is due for 80 overs, there’ll not be any penalty for over-rates, even in the event of a low over rate. The current 60-over threshold,” the ICC stated.

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