WICB projects 100% rise in revenue if ICC revamp stamped
ESPNcricinfo staff
January 29, 2014
The West Indies Cricket Board has said it expects its revenue to rise by "at least 100%" over the next eight years if the "key principles" of the draft proposal on the ICC's 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, saying it had engaged in "extensive discussions" before concluding that several of the key principles could be beneficial to West Indies cricket.
"After extensive discussions and careful consideration the West Indies Cricket 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 release said.
The release listed the benefits the proposals could have for the game in the Caribbean, including the projected monetary benefits. "Based on new proposed system of ICC revenue sharing for the upcoming eight year cycle (2015-2023) WICB projects to receive at least 100% increase on the previous eight year cycle (2006-2014)," the release said.
The annual Test Match Fund, which is to support Full Members other than India, England and Australia, will "allow the WICB a financial buffer in the hosting of Test cricket against unprofitable teams", the release said.
Also, bilateral playing agreements, as opposed to the FTP, would mean West Indies "will not be bound" to host those unprofitable tours, it said. "West Indies will have an opportunity, through bilateral agreements, to increase the number of matches and series (Tests, ODIs and T20Is) played annually by the West Indies men's team against higher ranked opposition and against teams, which are profitable to the WICB. These will include matches and series both in the West Indies and overseas."
Moreover, the BCCI, ECB and Cricket Australia "have all committed" to increased tours to the Caribbean
more