ICC unveil £150m cash boost

Massive cash injection for global game

Last updated: 8th July 2008   Subscribe to RSS Feed

ICC unveil £150m cash boost

Lorgat: ICC 'Not for profit'

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ICC chief executive Haroon Lorgat has revealed the most significant funding package for the development of cricket in the history of the sport.

Laroon, in his first week in charge at the International Cricket Council following the departure of Malcom Speed, has pledged to pump around £150m of its revenue back into cricket to strengthen the game around the world.

It will help the growth of the game in countries like Turkey, Estonia and Bulgaria, who were the latest to be granted affiliate member status at the Annual Conference in Dubai last week.

"We believe this is the biggest investment in global development by any sport outside football," Lorgat said.

"This fresh cash injection highlights we are a not-for-profit organisation. All the revenue we generate from our events, broadcast and commercial agreements is ploughed back into the game.

"It is also an indication of how strong this great game is at present. Participation is at an all-time high in all our members at all levels.

"Thanks to the ICC World Cricket League, all Associate and Affiliate Members now have a clear pathway through to one of the crown jewels of the game, the ICC Cricket World Cup.

"We want to see results that challenge world cricket's existing order. And we want to develop better players and better structures on and off the field, giving everyone the chance to be the best they can be.

"From 2009, the ICC will pump almost £150 million into our 94 associate and affiliate members that make up the developing cricket world.

"It forms a key part of our current strategic plan, to consolidate and to strengthen the game where it is currently played."