CRICKET: WICB projects 100% rise in revenue if ICC revamp stamped
The West Indies Cricket Board (WICB) is projecting its revenue to rise by at least 100 per cent over the next eight years if the key principles of the draft proposal on the International Cricket Council’s (ICC) revenue sharing are voted in.
The board issued a statement in support of the key principles put forward on day one of the ICC executive board meeting in Dubai.
The WICB statement said it had engaged in extensive discussions before concluding that several of the key principles could be beneficial to West Indies cricket.
The WICB statement also stated that after extensive discussions and careful consideration the regional board joined with all other Full Members of the ICC in providing support for key principles relating to the future structure, governance and financial models of the ICC.
The WICB also noted that the bilateral playing agreements mean West Indies would not be bound to host unprofitable tours.
The big three in cricket – India, England and Australia have all committed to increase tours to the Caribbean over the next eight years, in addition to the current tours slotted into the Future Tour Programme.
The WICB also said it would not be affected by the originally proposed two-tier Test system, since the regional team is currently ranked seven on the ICC ratings.
Following discussions in Dubai yesterday, the ICC board settled for a period of consultation between boards and discussion over a set of principles, which, if approved, would grant India, England and Australia a bigger share of cricket's global revenues and a bigger control of the game's governance.
Four cricket boards, Cricket South Africa, Sri Lanka Cricket, the Bangladesh cricket Board and the Pakistan Cricket Board, have opposed the new ICC principles.
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