PCB's Share as Disagreement Erupts of ICC's New Financial Model Doubles 2023

 

The International Cricket Council (ICC) recently gave its approval to a ground breaking financial and distribution model, leading to a clash of opinions between the governing body and the Pakistan Cricket Board (PCB). While most ICC member states support the immediate adoption of the new model, the PCB urges caution before making this crucial decision.

The newly approved ICC Financial Model 2024-27 is set to revolutionize the financial landscape, with the PCB's funding being doubled.

Under the previous model, Pakistan received a meager 5.75% share of $600 million, which amounted to a modest $34.51 million. However, with the new model, Pakistan's allocation will increase substantially to a remarkable $69.02 million.

The additional funds will be directed towards the development and promotion of cricket within the country. The PCB plans to utilize the increased funding for various initiatives, including improving cricket infrastructure, implementing talent identification programs, and supporting grassroots cricket.

Although the majority of ICC member states are in favor of the revised financial model, the PCB has adopted a cautious stance. Officials from the cricket authority raise concerns about rushing into such a significant decision and emphasize the need for careful evaluation.

In other news, cricket enthusiasts eagerly await the Asian Cricket Council's (ACC) announcement of the long-awaited schedule for the upcoming Asia Cup 2023. The tournament, scheduled to take place in Pakistan and Sri Lanka, promises to be a thrilling display of cricketing prowess. The ACC is expected to unveil the schedule later this week, adding to the excitement among fans and teams alike.

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