The International Cricket Council (ICC) in its annual meeting held inDurban, South Africa has approved the new ICC Financial and DistributionModel 2024-27 despite Pakistan Cricket Board’s concerns.
According to a PCB statement, the new ICC financial and distribution modelenvisages the largest-ever investment to go into global cricket andprovides a huge opportunity for the game to grow further.
In determining the distribution share to members, the model considers onand off-field performance including cricket rankings, performance at ICCevents, and commercial contribution to the ICC Events.
PCB, in accordance with it’s constitutional right, has over the past fewweeks and at the ICC Meetings, consistently sought additional informationto better understand the rationale behind allocation of weightages to eachof 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.
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The PCB, therefore, proposed that this item may be deferred to the next ICCmeeting.
Ultimately, the majority of members did not find it feasible to defer thisitem and voted in favour of passing the Model, while the PCB recorded itsdissent as a matter principle.
