Pakistan Cricket Board was left disappointed after ICC announced the revenue share percentages of the USD 600 million pool. Notably, PCB received 5.75 percent of the overall sum which is almost twice the amount of their previous share.
PCB Revenue share from ICC pumps almost doubled the previous year
PCB Revenue: Pakistan Cricket Board has got 5.75 percent of the overall ICC revenue which means the board will earn USD 34.51 million in the 2024-27 cycle. While PCB’s share grew by almost twice the amount it earned previously, the board expressed dissent at the current system that decides the share of revenue.
“PCB, in accordance with its constitutional right, has over the past few weeks and at the ICC Meetings, consistently sought additional information to better understand the rationale behind allocation of weightages to each of the criteria and the calculation of the distributions,” the board said in a statement.
“The PCB felt in the absence of all relevant information, data and formulae, such a significant decision should not be taken in haste,” the statement further read.
The PCB had proposed that the voting process of the model’s approval should be postponed to the next ICC meeting. However, other members didn’t agree with the Pakistan board’s suggestion, prompting the ICC to finalise the model.
Though the PCB hasn’t been in agreement with the revenue model, PCB welcomes the fact that the board will be earning about twice the money it did before.
“Ultimately, majority of members did not find it feasible to defer this item and voted in favour of passing the Model, while the PCB recorded its dissent as a matter principle,” the statement added.
“This increased share of revenue will mean that a far greater investment can be made in developing cricketing skills and will be beneficial in taking Pakistan Cricket to new heights,” it noted.
What is the ICC revenue split based on?
As per the report, the criteria for the split involves but is, in all probability, not limited to “cricket history; performance in both men’s and women’s ICC events over the last 16 years; contribution to the ICC’s commercial revenue; and, an equal weightage for the status of being a Full Member.”