The Pakistan Cricket Board (PCB) is upset with the proposed new income sharing model for international cricket, while it acknowledges that India, the game’s financial engine, should have the largest portion of the cash, according to the chairman of the PCB, Najam Sethi, who spoke with Reuters.
The International Cricket Council (ICC), which is the worldwide governing body of the game, has suggested a new income sharing model for the 2024-27 cycle. The model is scheduled to be voted on at the ICC’s next board meeting, which will take place in June.
India would be entitled to 38.5% of the total, while England and Australia would take home 6.89% and 6.25% of the pie respectively, according to data that were shared with Cricinfo. The sale of Pakistan’s media rights is the primary source of Pakistan’s potential contribution to the expected profits of the ICC.
In all, the ICC’s 12 full members would receive 88.81% of the vote, while the remaining percentage would be split among the organization’s 96 associate members.
“We are insisting that the ICC should tell us how these figures were arrived at,” Sethi told Reuters from London. “We are insisting that the ICC should tell us how these figures were arrived at.” “As things now stand, we do not feel satisfied with the scenario.
“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.” “Unless these details are provided to us, we are not going to approve it.” According to estimates, India contributes almost 80% of ICC income, and Disney Star paid a total of $3 billion the year before last to secure the 2024-27 media rights for the Indian market.
According to Sethi, the PCB had previously sent a request to the ICC to inquire into the manner in which the ICC’s financial and commercial affairs committee, which is led by the secretary of the Indian cricket board Jay Shah, decided the share.
Sethi stated that at least two other test playing nations were not satisfied with the model and had sought further specifics. This is despite the fact that all nations will earn more money in the future.
The International Cricket Council, which took into account aspects such as the success of a nation’s men’s and women’s teams as well as their contribution to the ICC’s commercial earnings, was not immediately available to comment on the matter.
“There is no question that, in general, India ought to be allotted a greater share of the pie, but… how has this table been constructed?” Sethi stated.
The proposed income split has been a major topic of discussion in the world of cricket, which is already seeing a fast shifting environment as a result of the emergence of franchise-based leagues, which has been pushed mostly by India.
Mike Atherton, a former captain of England, criticized what he called a “flawed” approach in an article published in The Times newspaper on Monday. He warned that the model will merely exacerbate the inequity that already exists in the game.
“If that distribution comes to pass, then the strong will get stronger, the weak will get weaker (relatively), and international cricket will continue to become less competitive — which is in nobody’s long-term interest,” Atherton said.