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ICC suffers big loss of ₹167 Crores after hosting T20 World Cup 2024

ICC, T20 World Cup 2024

The upcoming International Cricket Council (ICC) annual conference in Colombo is set to address two major issues. First is the financial losses from hosting the T20 World Cup 2024 in USA and second is the potential leadership change.

According to a report by PTI, the ICC faced significant financial losses of around USD 20 million (Rs 167 crore) while hosting the T20 World Cup in the USA. This unexpected expense is expected to be a major topic of discussion during the conference, even though it isn’t officially listed on the agenda. It will likely be addressed as a “post-event report.”

Also Read: India’s tour to Pakistan for the Champions Trophy will be decided in ICC Meeting

The T20 World Cup 2024, including the highly anticipated India vs Pakistan match played in New York, took place primarily in the USA. The reasons for the losses haven’t been disclosed but it raises questions about the financial viability of hosting the tournament in a non-traditional cricket market.

Another significant point of discussion at the conference will be the possibility of BCCI secretary Jay Shah taking over the reins of the ICC from the current chairman, Greg Barclay. Reports suggest this is a major area of interest for many within the ICC.

However, there’s a hurdle. As per the BCCI constitution, Shah has one year remaining in his current role before a mandatory “cooling-off period” begins in 2025. This period prevents him from holding any immediate office in the BCCI.

The report mentions two potential scenarios:

The Colombo conference promises to be a crucial one for the ICC. Addressing the financial losses and navigating the potential leadership change will be critical for the organization’s future stability and growth.

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