News
Sir Clive Lloyd asks ICC to solve ‘financial inequality’ in global revenue distribution
By SMCS - Aug 2, 2024 9:40 am
Views 9

Sir Clive Lloyd has asked for course correction in the global revenue distribution model and he wanted the issue of financial inequality to be solved as well. While receiving the Order of the Caribbean Community (OCC), the highest honour of the Caribbean region recently in Grenada, the legend ‘demanded that the International Cricket Council (ICC) make redress to the West Indies for what he deems to be financial inequity.’

west indies
West Indies team

Addressing the issue, Lloyd said as quoted by Barbados Today,  “Now that the global game is on a sounder fiscal footing, he argued, it is time for the Windies to get their fair share. Over the years in our ascendancy we did not ask for any extra money. But now I’m told when they have distribution of funds at the ICC, England receives $180 million, Australia $180 million, India $180 million, and we are $80 million. I want to know, where do they get this disparity?”

However, the ICC revenue distribution system came into place in 2015, with shares allocated to boards based on the contribution to ICC revenue from their countries as well. Notably, nearly 90 percent of the revenue is generated from India, and the BCCI receives about 39 percent of the ICC’s income as well.

ICC
ICCC

“Because when we were leading, everybody wanted to play – we were playing two tours in the winter. We were the cash cow for these guys. But now that we might be a little down in the dumps, nobody now is saying, well you know West Indies do need some help. And I think that it’s about time that our board men make a special call to the ICC. Send 10 or 12 people who we know have the pull, and that extra that is needed, to tell them that we need some special dispensation. Sir Clive pointed out that the financial imbalance has always been there, even when West Indies were winning, but that it is worse now that more money is coming into cricket,” Sir Clive Lloyd concluded.