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PCB eyes $450 mn revenue from India series and ICC revenue share
MUMBAI: Pakistan Cricket Board (PCB) chairman Najam Sethi has claimed that the cricket board could potentially earn $450 million in the next eight years due to the four-series agreement with the Board of Control for Cricket in India (BCCI) wherein Pakistan will host India and to the increased revenue share from the International Cricket Council (ICC).
According to Sethi, the PCB is expected to earn an estimated $300 million from the four India tours and another $150 million from the ICC.
India and Pakistan had recently signed an agreement on the sidelines of ICC annual conference in Melbourne last week to play a total of six series, with Pakistan hosting four and the remaining two being hosted by India.
Sethi also admitted that without the clearance of the Indian government, the bilateral six-series agreement signed with the BCCI was useless.
“We get the most revenues when we play with India and if all goes well, we are set to earn $300 million from the four series we host against India,” said Sethi at a press conference in Lahore on his arrival from the ICC annual meet.
“I can say with confidence that in the next eight-year cycle we will get $150 million from the ICC. This compares to Pakistan receiving $10 million per year from the ICC in the last seven years,” he added.
The BCCI is believed to have signed the bi-lateral agreement only after the PCB conditionally agreed to approve an ICC revamp that gives major powers to cricket’s ‘Big Three’—India, Australia and England.
Sethi also said that the PCB would have been left isolated and gone bankrupt in two years had it not approved the revamp.
The first of the series with India is scheduled for December next year, to be hosted by Pakistan but likely played in the United Arab Emirates for security reasons.
“The agreement is now on paper and I hope that the day will also come when PMs (prime ministers) of both the countries clear it, then the two countries will also play in Pakistan. But at the moment, it is not possible,” Sethi added.
Sethi also said that there will be no compensation if India does not play due to non-clearance from its government. “There was no compensation before, there is none now. This is not the norm in mutual series when government does not give permission.”