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According to the information you provided, the Board of Control for Cricket in India (BCCI) has advocated for a significant allocation of funds from the International Cricket Council's (ICC) revenue to the ICC's strategic fund. The BCCI has received approval for a lion's share of approximately USD 230 million from the annual revenue for the period of 2024-2027.
The BCCI has highlighted the importance of the strategic fund in safeguarding Test cricket and supporting the growth of the women's game. The MCC World Cricket Committee also supports the idea of allocating a substantial and ring-fenced ICC strategic fund to member and associate nations, based on their commitment to women's cricket development.
In addition to the revenue distribution, the BCCI has advocated for a significant portion of funds to be allocated to the ICC's strategic fund. BCCI Secretary Jay Shah expressed in a letter to state associations that this fund will be crucial for fostering the growth of the sport and investing in cricket development in the upcoming media rights cycle.
India's revamped revenue share has received approval at the ICC Board meeting, which took place in Durban. As a result, the BCCI stands to gain approximately 72 percent of the ICC's annual revenue, earning around USD 230 million annually from 2024 to 2027. This accounts for 38.5 percent of the ICC's approximate annual revenue of USD 600 million.
Jay Shah expressed his gratitude and acknowledged the collective efforts and support of the state associations and colleagues at the BCCI for achieving this significant increase in the BCCI's share. He attributed this achievement to the strong diplomatic and strategic ties with fellow ICC members, emphasizing India's significance in world cricket.
Overall, the BCCI has successfully advocated for a substantial allocation of funds to the ICC's strategic fund, securing a significant increase in its revenue share for the next media rights cycle.
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