DUBAI – The West Indies Cricket Board (WICB) is set to receive an injection of US$132 million over the next eight years from the International Cricket Council (ICC).
This latest development comes after the ICC’s board voted to pass a new financial model that will reverse a 2014 decision which effectively put India, England and Australia in control of the game’s finances and administration.
Under the new financial model and governance structure, the split of revenues from the ICC for the years 2016 to 2023 will be altered to address the imbalance currently favouring the three boards.
The measure was passed by 13 votes to one, the governing body said in a statement yesterday after meetings at its headquarters in Dubai. (EZS/Reuters)
Please read the full story in today’s Daily Nation, or in the eNATION edition.
