The structural overhaul of the International Cricket Council is all set to trigger a financial windfall for the already rich BCCI which is likely to earn an estimated $600 million in the next eight years, Board Secretary Sanjay Patel has revealed.
“According to my estimate, within this period (2015 to 2023) of eight years we (BCCI) will get around $600 million,” BCCI secretary Sanjay Patel told a local news channel on Thursday.
Patel was in Bhubaneswar in connection with the BCCI Working Committee meeting on Friday. Incidentally, during this 2015-23 period, India would be a permanent member of the three major committees of the ICC.
On the substantial increase in the BCCI’s revenue sharing with the ICC, he said, “Since past so many years BCCI has become one of the biggest contributors towards ICC’s earnings.”
BCCI is contributing about 68 per cent of the revenue and getting only four per cent in return, he said.
“I am pleased to announce instead of four per cent share, BCCI will now get 21 per cent. During 2015-23, BCCI’s expected gross revenue will be close to 2.75 to three billion dollars,” he said.
Under the existing provisions, 75 per cent of the ICC’s earnings are divided equally among the 10 full member countries and the rest goes to its associate members.
“Again out of the remainder, India will get another four per cent,” Patel added.