(SPORTSMAX) Cricket West Indies could be among the biggest beneficiaries of the newly revised International Cricket Council (ICC) financial model.Under the previous model which was implemented in 2014 and prioritised cricket’s big three (India, England and Australia) in terms of revenue share percentage the West Indies would have received 3.18% of the ICC’s revenue.
With earning estimated to be somewhere between US$2.5 billion to US$3 billion for the next eight years that figure would have amounted to around US$81 million.
The new model floated by ICC chief Shashank Manohar and already voted on by the ICC Board members at a recent meeting would see the share of West Indies and other member nations like Pakistan, Sri Lanka, South Africa and New Zealand move to approximately US$100M to US$115M.
The move was vehemently opposed by the Board of Cricket Control India (BCCI), who will turn out to be the biggest losers in the affair, despite still earning the most.
The restructured revenue share would see the BBCI’s share fall from 22.9% to somewhere around 10 to 10.2%. The decrease could represent losses of around US$180-US$190 million. The ICC is expected to pass the resolution during its April Board meeting.