The T20 World Cup held jointly by the USA and West Indies has resulted in the International Cricket Council (ICC) incurring a loss of $167 million. According to reports from Indian media, ICC members will raise questions on financial and operational matters at a board meeting scheduled next month in Sri Lanka. Important decisions regarding additional funds and arranging matches for the mega event hosted jointly by America and West Indies will also be made.
Reports claim that due to inadequate arrangements and efforts to promote cricket in America, the ICC has suffered a loss of $167 million (approximately 46.5 billion Pakistani Rupees). Further reading: T20 World Cup; Mismanagement, Misuse of Funds Dissatisfied ICC Members
In response, the ICC has established an independent committee to present its report on this matter.
Read more: T20 World Cup; Decision to Conduct Complete Audit Due to Financial Irregularities
Reports also mention that the company had requested an additional $20 million from the ICC beyond the approved budget, which was sought as a loan for cash payments, according to the Board Director.
