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Thursday, May 30, 2024

ICC announces equal prize money for men’s and women’s tournaments… by 2030

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The International Cricket Council (ICC) on Thursday announced equal prize money for men’s and women’s teams at ICC events.

The decision was taken at the ICC Annual Conference in Durban, and ensures the ICC Board fulfilled its commitment to reaching prize money equity by 2030 well ahead of schedule.

Teams will now receive equal prize money for the equivalent finishing position at comparable events as well as the same amount for winning a match at those events.

“This is a significant moment in the history of our sport, and I am delighted that men’s and women’s cricketers competing at ICC global events will now be rewarded equally. said ICC Chair Greg Barclay.

“Since 2017 we have increased prize money at women’s events every year with a clear focus on reaching equal prize money and from here on in, winning the ICC Women’s Cricket Cup will carry the same prize money as winning the ICC Men’s Cricket Cup and the same for T20 Cups and U19s too.

“Cricket is genuinely a sport for all and this decision from the ICC Board reinforces that and enables us to celebrate and value every single player’s contribution to the game equally.” He added.

The ICC Board also confirmed the largest ever investment into the sport after the distribution model for the next four years was agreed. Every ICC Member will receive significantly enhanced funding with a strategic investment fund ring-fenced to drive global growth initiatives in line with the ICC Global Growth Strategy.

“The success of our media rights and commercial programme for our next four-year cycle means we are able to invest more money than ever before into our sport,” said Barclay.

“All Members will receive a base distribution and then additional revenue will be in relation to contribution to the global game both on and off the field. This is by far the largest level of investment ever to go into cricket and it’s a once in a generation opportunity for our Members to accelerate growth and engage more players and fans and drive competitiveness.

“I’m delighted that the board have also committed to a strategic investment fund which will help to accelerate the delivery of our Global Growth Strategy.” he added.

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