Tricky invoking MPA
However, a top board official told HT, “It is not that easy to exercise MPA. Assuming BCCI pulls out and the ICC goes ahead without India, it will hurt a lot because India are due to host two events --- Champions Trophy in 2021 and the World Cup in 2023. We’ve already hosted the 2016 World T20 in this cycle and we’ll be foregoing a windfall.”
The ICC events are lucrative as the world body organises them and the hosts also get the hosting fees. As per estimates, India could lose around $100million in hosting fees if it exercises the MPA. The 2021 Champions Trophy and 2023 ICC World Cup will, in that case, go to others.
“That apart, we stand to lose $293 million as well as the $100 million on offer that we are already getting as members’ share as per the new constitution,” the official said.
Losing prize money too
All this adds up to almost $500 million. Add to that the prize money from various ICC events from a total pool of $65 million, in case India win or finish among the top teams, it could lose well over $500 million that it should be getting. The current cycle is from 2015-2023.
What is also of concern is the legal issues that will arise after a pullout, or if the ICC decides to slap a fine. “The ICC may go ahead with legal proceedings and the cost and heavy penalty and compensation, if India loses, will have to be borne by the Indian board.”