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ICC to pump in US $300m on associate members

Agencies

Posted: Jul 08, 2008 at 1529 hrs IST
      

Dubai, July 8: : In his first week as ICC Chief Executive Officer, Haroon Lorgat announced on Tuesday that ICC will pump in USD 300 million from next year for the development of cricket in Associate and Affiliate Members in a massive investment aimed at strengthening the game around the globe.

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."

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