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Feb 28, 2014 at 01:14pm IST

BCCI to earn 600m dollars in 2015-2023: Sanjay Patel

Bhubaneswar: The structural overhaul of the International Cricket Council is all set to trigger a financial windfall for the already rich BCCI which is likely to earn an estimated USD 600 million in the next eight years, Board Secretary Sanjay Patel has revealed.

"According to my estimate, within this period (2015 to 2023) of eight years we (BCCI) will get around USD 600 million," BCCI secretary Sanjay Patel told a local news channel yesterday. Patel was here in connection with the BCCI Working Committee meeting in the city today. Incidentally, during this 2015-23 period, India would be a permanent member of the three major committees of the ICC.

On the substantial increase in the BCCI's revenue sharing with the ICC, he said, "Since past so many years BCCI has become one of the biggest contributors towards ICC's earnings." BCCI is contributing about 68 per cent of the revenue and getting only four per cent in return, he said.

BCCI to earn 600m dollars in 2015-2023: Sanjay Patel

"According to my estimate, within this period (2015 to 2023) of eight years we (BCCI) will get around USD 600 million," said Patel.

"I am pleased to announce instead of four per cent share, BCCI will now get 21 per cent. During 2015-23, BCCI's expected gross revenue will be close to 2.75 to three billion dollars," he said. Under the existing provisions, 75 per cent of the ICC's earnings are divided equally among the 10 full member countries and the rest goes to its associate members. "Again out of the remainder, India will get another four per cent," Patel added.

Keen to have a representation in the ICC's Elite panel of Umpires, the BCCI is all set to set up a National Umpires Academy in the country to improve the standard of officials.

The decision was taken at the BCCI's umpires sub-committee, which is headed by Board Treasurer Ravi Sawant. "There would be a National Umpires Academy in the country. There would also be academies at the zonal level because the standard of umpiring in India needs to be improved," Sawant said after the meeting here.

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