ICC may have paid 58-60 mln dollars to PCB as share of event earnings from 2006-2014

Karachi, Feb 1 (ANI): The International Cricket Council (ICC) had reportedly paid around 58 to 60 million dollars to the Pakistan Cricket Board (PCB) as its share of the ICC's events held in the present cycle of eight years, which ends in 2014.

However, a source claimed that the amount did not include the compensation amount of around 15 million dollars, which the PCB got from the ICC after the 2011 World Cup matches were moved from Pakistan due to security reasons.

According to The Nation, the source said that in the revised draft working paper aimed at restructuring of world cricket and ICC governance and distribution of finances among member countries, Pakistan's share would grow significantly and may cross 100 million dollars in the next cycle of ICC events from 2015 to 2023.

The source further said that the PCB had also been told that it could also earn substantial revenues from the new bilateral agreements that will go into effect from 2015, adding that under the new draft proposal the old system of Future Tours Program (FTP), which was supposed to run until 2020 has been abolished

The source explained that under the new FTP framework, all member countries would be free to negotiate bilateral series as they pleased without any interference from the ICC, adding that under the new FTP, countries can also refuse to play even once again another country in the eight-year cycle. (ANI)


Get stories like this on the Yahoo app and discover more every day.
Download it now.