A recent study shows that India has 660 billion in Pakistani currency. Billion is more than Rs.2.6 billion equivalent funds from this mega cricket event will further strengthen the already prosperous Cricket Board of India.
By contrast, the 2019 World Cup in England contributed a relatively modest $350 million to the UK economy. While India has previously co-hosted the World Cup with Pakistan, Sri Lanka and Bangladesh, this is the first time that the country is the exclusive host of the grand tournament, which will see 48 matches played across ten cities. Including Narendra Modi Stadium in Ahmedabad. A record-breaking seating capacity of 132,000 fans.
India's revenue from the World Cup comes mainly from TV rights, estimated at Rs 360 billion from TV broadcast rights alone. Most matches are day-night fixtures, encouraging fans to gather with friends and family like a picnic. 15,000 crore in Pakistani rupees is expected from this communal passion for food, delivery and related businesses.
Although the initial matches saw relatively few spectators, attendance is expected to increase as the tournament progresses. An income of more than 60 billion rupees is expected from the sale of tickets.
The World Cup attracts foreign tourists, media representatives, broadcasters, observers and ten foreign teams. 660 billion rupees will be gained from travel and trade. Notable global companies like Coca-Cola, Google, Indian Unilever, Emirates Airline, Saudi Arabia's Aramco, and Nissan have come forward as sponsors.
Advertising during the World Cup is a lucrative venture, with rates increasing to PKR 900,000 per second, a 40% increase over the previous World Cup. The ICC has allocated a total prize money of $10 million for the current tournament, of which the winner will receive $4 million and the runner-up will receive $2 million. A team will receive $40,000 for each group match win, and $100,000 will be allocated each to the six teams that do not reach the semifinals, plus $800,000 for the losing semifinalists.
The ICC's 2017 to 2023 financial model shows India as the central revenue beneficiary, with the Indian board receiving $112 million more than in the previous model, for a total of $405 million over eight years. Took . Dollar while Pakistan is likely to get 128 million dollars. $12 to $15 million annually.
Former PCB chairman Ehsan Mani, who also heads the ICC's finance committee, has suggested that Pakistan and India avoid a group match in the World Cup to maximize revenue from a potential semi-final clash. . . He proposed a fixed $10 million for Pakistan, citing significant revenue from Pakistan's accession, but the proposal was not implemented.
It is worth noting that the current ICC funding model favors India the most, barring teams like Zimbabwe and the West Indies, who are not participating in the World Cup, possibly because of their cricket. In progress. There is an obstacle. But it is weak. Mani highlighted the inequitable distribution of revenues in the ICC's financial model."
0 Comments