India's share of cricket revenue hiked to $405m: report
The deal came after India protested a decision in April to divide revenues more equitably among members of the International Cricket Council (ICC), a move which would have cost the Indian cricket board a large chunk of its funding over the next eight years.
PTI revealed details of the new agreement ahead of the release of an official statement later Thursday. It said England will receive $139 million, while Australia, Pakistan, West Indies, New Zealand, Sri Lanka and Bangladesh would get $128 million and Zimbabwe $94 million.
An unnamed official for the Board of Control for Cricket in India told PTI that "the BCCI has agreed to the terms and conditions" of the deal.
India had earlier threatened to withdraw from the Champions Trophy tournament beginning in England on June 1 unless the revenue-sharing deal was restructured.
The deal drawn up in April was aimed at curbing the dominance of cricket's wealthiest nations, India, Australia and England, with more money flowing to minor Test nations and associate members like Ireland and Afghanistan.
- PM Imran, CJP Gulzar take notice of mob attack on Hindu temple in RYK06:29 PM | 5 Aug, 2021
- Looking to upgrade your device on a budget? TECNO’s Spark 7 series ...05:01 PM | 5 Aug, 2021
- 'Nothing to worry about,' FM Qureshi on not getting a call from US ...04:52 PM | 5 Aug, 2021
- Satellite imagery, financial data reveal construction of secret ...03:39 PM | 5 Aug, 2021
- Alizeh Shah and Ali Rehman Khan to star in upcoming drama03:20 PM | 5 Aug, 2021
- Barbie debuts dolls in honour of real-life pandemic heroes02:50 PM | 5 Aug, 2021
- Maya Ali’s new dance video takes internet by storm02:32 PM | 5 Aug, 2021
- Stars who used apps to find love08:02 PM | 24 Jul, 2021
- World’s most powerful passports in 2021: Where does Pakistan stand?03:35 PM | 7 Jul, 2021
- 16 Pakistani universities among Asia's top 50002:36 PM | 8 Jun, 2021
- Famous figures who survived serious plane incidents07:21 PM | 29 May, 2021