The PCB, amidst the ongoing Asia Cup turmoil, has expressed its dissatisfaction with the new ICC revenue model. PCB Chairman Najam Sethi disagreed with the proposed revenue distribution plan, although he acknowledged India’s financial contribution to the game and believed they should receive the largest portion.
The ICC is set to vote on the new revenue-sharing scheme for the 2024-2027 cycle at an upcoming board meeting in June. As per the proposed plan, India would receive 38.5%, while England and Australia would obtain 6.89% and 6.25% respectively. Pakistan’s share would be 5.75% of the anticipated profits, mainly derived from media rights sales. The remaining 2.89% would go to the ICC’s associate members, with the 12 full members receiving a combined share of 88.81%.
The PCB finds the lack of transparency in determining these figures concerning and has requested the ICC to provide more details about the calculations. Sethi stated that the PCB would not approve the financial model unless the requested information is provided.
“We are insisting that the ICC should tell us how these figures were arrived at,” Sethi told Reuters from London.
“We are not happy with the situation as it stands.”
“Come June, when the board is expected to approve the financial model unless these details are provided to us, we are not going to approve it.”
Sethi claimed that the PCB had already raised questions about how the finance and commercial affairs committee of the ICC, led by Jay Shah of the BCCI, determined the revenue share. While additional money will be allocated to all nations, Sethi mentioned that at least two other test-playing nations were also unhappy with the proposed model and had sought further information.
The ICC, which considered factors such as the success of men’s and women’s teams and contributions to commercial earnings, was not available for immediate comment on the matter.
“In principle, India should get more, there is no doubt about that but … how is this table being developed?” Sethi said.
The revenue split issue has become a significant topic in cricket, particularly as the sport undergoes rapid changes due to the expansion of franchise-based leagues, spearheaded by India.
