PCB agrees to ICC’s new financial model; expects double the revenue.
The “Financial and Distribution Model 2024-27” envisions the largest-ever investment to be made in international cricket and offers a significant chance for the game to develop further.
PCB delegation participated in the ICC meeting and annual conference, which was held in Durban, South Africa, from July 10 to July 13.
The approach takes into account both on- and off-field performance, including cricket rankings, performance at ICC events, and commercial contribution to the ICC Events, when deciding the distribution share to members.
PCB, in accordance with its constitutional right, has repeatedly asked for more information over the past few weeks at ICC meetings to better understand the reasoning behind the distribution of weights among the various criteria.
The PCB thought that since there was a lack of the necessary facts, knowledge, and formulas, a crucial judgement shouldn’t be made in a hurry. Therefore, the PCB suggested that this topic be tabled until the next ICC meeting, according to a statement from the cricket body.
The PCB recorded its objection as a matter of principle, but ultimately the majority of members did not think it was possible to defer this item and voted in favor of passing the model.
According to the statement, the PCB was classified among the top-four nations in this model due to the team’s success in bilateral cricket and men’s ICC competitions, as well as its own sizable fan base.
Accordingly, compared to the previous cycle, the board will collect more than twice as much money.
According to the PCB, the larger revenue share will encourage significantly more investment in improving cricketing abilities and help Pakistan Cricket reach new heights.
