In what comes as a major boost for the Indian cricket board, the BCCI is set to earn a whopping approximately US$231 million per year from 2024-27 in the ICC’s latest financial model.

In what comes as a major boost for the Indian cricket board, the BCCI is set to earn a whopping approximately US$231 million per year from 2024-27 in the ICC’s latest financial model. As part of the big three, including England and Wales Cricket Board (ECB) and Cricket Australia (CA), the BCCI, is now projected to pocket around 38.5% of US$ 600 million annual earnings in the proposed model for the next cycle. A BCCI source close to the information has revealed that for its significant contribution with the commercial element and based on several other factors, the already richest cricketing board in the world is about to get richer. ALSO READ: ODI WC: 2019 finalists Eng, NZ to play opener in Ahmedabad, India to kick off campaign vs Aus - Report "It is a proposed model, and its based on cricket (rankings), performance (in ICC events) and commercial (contribution to sport). Now India contributes such a significant share to the commercial element," a senior BCCI source told PTI on condition of anonymity. While the BCCI ended the Big Three debate with what it brought to the table in the previous cycle and what it promises to deliver in the upcoming one, the distribution of how much other boards are expected to earn in the ICC’s new financial model will clear the picture. ECB – (approximately) $41.33 million – (6.89%) CA – (approximately) $37.53 million (6.25%) PCB - (approximately) $34.51 million (5.75%) NZ - (approximately) $28.38 million (4.73%) WI - (approximately) $27.50 million (4.58%) SL - (approximately) $27.12 million (4.52%) BAN - (approximately) $26.74 million (4.46%) CSA - (approximately) $26.24 million (4.37%) Ireland - (approximately) $18.04 million (3.01%) Zimbabwe - (approximately) $17.64 million (2.94%) Afghanistan - (approximately) $16.82 million (2.80%) Meanwhile, the new model, which was proposed by an ICC team and then worked on by finance and commercial affairs (F&CA) committee, was presented in front of the ICC board in March this year. There are four major factors on which this model was prepared – which includes Cricket history, performance in both the men's and women's ICC events over the last 16 years, contribution to the ICC's commercial revenue, and an equal weight age for the status of being a Full Member. However, with BCCI arguing that it is the highest contributor towards the game’s global economy, with distribution cost being the backbone of it, this year's proposed model gives a commercial weight age of 85.3% to them. Moreover, under the latest proposed model, the Indian cricket board is expected to earn an aggregate earning of $924 million in the four-year cycle (subject to ICC aggregate earnings continuing at $600 million annually), which will be nearly 82% more than second-highest earner - the ECB that will pocket around $165 million over the cycle. WATCH WION LIVE HERE

BCCI set to take home US $231 million per year in ICC's new financial model

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BCCI set to take home US $231 million per year in ICC's new financial model