|Font Size -||-A+A|
The fund, meant for 94 Associate and Affiliate Members that make up the developing cricket world, would be the most significant funding package in the history of the game, Lorgat said.
"We are making the biggest-ever investment in the game from top to bottom over the next seven years. From 2009, the ICC will pump almost USD 300 million into our 94 Associate and Affiliate Members that make up the developing cricket world.
"That's at least USD 40 million per annum, compared to USD 18 million in 2008, a 120 per cent increase. We believe this is the biggest investment in global development by any sport outside football," he said.
"Thanks to agreements with our commercial partners, foremost among them the one we signed in December 2006 with ESPN STAR Sports, the game is financially secure," he added. The South African, who assumed office on July 4, said that the ICC will also substantially increase the funding of the Full Members to carry the game forward during his tenure as CEO.
"All Full Members will also benefit from substantial increases in funding from the ICC over the coming years and this is in keeping with one of my aspirations for the game while I am the ICC's Chief Executive Officer strengthening the game horizontally across the world, throughout our Full, Associate and Affiliate Members."