The Pakistan Cricket Board on Monday, July 17 expressed its dissent over International Cricket Council (ICC) new Financial Distribution Model which was unanimously approved after the ICC Board Meeting earlier in July. The PCB said it wanted the financial distribution model item to be deferred to the next ICC Board Meeting but that the rest of the members agreed to the new model and thus it was tabled on Thursday, July 13.
While the ICC media release didn’t state the quantum of revenue that the BCCI will generate from the new distribution model, it is expected that the Indian board will annually earn USD 230 million from the USD 600 million pot for the next four years, according to PTI news agency.
It is around 38.4 percent approximately and at least six times more than England and Wales Cricket Board (ECB), which is set to receive approximately USD 41 million at 6.89 percent and Cricket Australia (CA) will get 37.53 million (around 6.25 percent). They are distant second and third in the list.
“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 the allocation of weightages to each of the criteria and the calculation of the distributions. The PCB felt in the absence of all relevant information, data and formulae, such a significant decision should not be taken in haste,” PCB said in a statement on Monday.
“The PCB, therefore, proposed that this item may be deferred to the next ICC meeting.
“Ultimately, the 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,” it added.
