RedwoodOriginal
Senior T20I Player
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- Jul 8, 2018
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I have a genuine question, sorry if it sounds stupid or silly because I'm not an expert in economics.
I was reading about the current ICC financial model yesterday and found that the big 3 plan was rolled back in 2017 when the current financial model was agreed upon by the ICC where the BCCI would receive $293m across an eight year cycle (it received close to 500m in the big 3 model I think), ECB $143m, Zimbabwe Cricket $94m and the remaining seven Full Members $132m each. Associate Members would receive a funding of $280m during the same period.
https://www.icc-cricket.com/media-releases/378363
Is this still the current ICC financial model or has this been changed again. If this is the current financial model, why doesn't say a team like NZ (or for that matter Pak, SA, etc.) play more tests or at least similar number of tests to Australia given they all receive the same funding of 132m USD.
Why is playing test cricket not profitable for these sides and what factors stop test cricket being profitable in these countries? And what are the solutions for it?
Would be great if anyone who's well versed with the nuances of the ICC financial model and the economics of it can explain it.
[MENTION=140824]Last Monetarist[/MENTION] [MENTION=147292]RedwoodOriginal[/MENTION] Tagging you two because you both are well versed in this topic.
Yes you are correct. The Big 3 model was rolled back in 2017 in-favor of a revenue-sharing model. Whereby India's piece of the pie was reduced significantly. Whereas, the test-playing nations barring India and England were brought up on an equal footing. The reason that ICC gave for this was ''equity'', and distributing the money more equitably because if you take out India and to a far lesser extent England, the contribution of the other boards is somewhat comparable with CA being a little bit ahead of PCB and CSA at No. 3. IIRC back when this model was unveiled, the % share for the Big 3 boards, based on their contribution in generating revenue during ICC events was something like this: BCCI had about a 20% share, ECB was hovering at around 4.5%, while Cricket Australia had a 2.5% or 2.7% share.
In theory, this was a positive step aimed at breaking the monopoly of the three most powerful boards over international cricket. But the reality is that their influence extends far beyond any revenue-sharing model. And while they may play matches with smaller boards, no one can stop them from playing the bulk of their cricket with each other. If anything, the FTP seems to show that every board is trying to look out for themselves rather than working together collectively for the betterment of the international game.
The way I see it, international cricket has become a territory operated by the mob. Its a lawless place where everyone has to largely fend for themselves. The Big 3 are the mob (India being the Godfather). They are going to look out for their own interests and will let other boards do their own thing provided those don't conflict with their business. Meanwhile they will do virtually nothing to help out struggling boards like ZC eventhough they claim to run international cricket. Boards like that will get their miniscule piece of the pie (whatever it is) and have to make due with that. I think associates get development funding, but that too is quite minuscule and nothing to write home about.
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