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PCB accepts new financial model of ICC

PCB accepts new financial model of ICC

In a recent development, the Pakistan Cricket Board (PCB) has officially accepted the new financial model proposed by the International Cricket Council (ICC). The new model, which primarily benefits the Board of Control for Cricket in India (BCCI), has garnered attention and raised concerns among various cricketing nations.

In a press release shared on Monday, the PCB confirmed its acceptance of the new financial model, but also expressed its reservations and dissent on certain aspects. The PCB had sought additional information and clarity regarding the allocation of weightages to different criteria and the calculation of distributions. They believed that without comprehensive details, rushing into such a significant decision would not be prudent. As a result, the PCB proposed deferring the item to the next ICC meeting. However, the majority of members did not find it feasible to delay the decision and voted in favor of passing the model.

The detailed statement released by the PCB emphasized that they recorded their dissent as a matter of principle. They acknowledged their constitutional right to seek further information and clarified their stance on the decision-making process. Despite their reservations, the PCB ultimately accepted the new financial model.

According to previous reports from ESPNcricinfo, the new revenue share for India in the ICC’s financial model will be 38.5 percent, with England and Australia receiving 6.89 percent and 6.25 percent respectively. Pakistan is expected to earn 5.75 percent of the ICC’s projected earnings, primarily through the ICC’s $3 billion media rights deal for 2024-2027. The PCB highlighted that Pakistan’s revenue will be more than double what they earned in the previous cycle, indicating a significant increase in their financial share.

This decision has sparked debates and discussions within the cricketing fraternity, with differing opinions on the distribution of revenues among member boards. While some argue that it reflects the financial strength and marketability of certain cricketing nations, others express concerns about the potential disparities and the impact on the overall health and competitiveness of the sport.

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