Image Source: ICC

ICC Announces Equal Prize Money For Men’s and Women’s Teams at ICC Events. International Cricket Council has announced equal prize money for men’s and women’s teams in ICC tournaments, as well as modifications to Test cricket’s over-rate punishments.

“The verdict was made at the International Cricket Council (ICC) Annual Conference in Durban, South Africa, and safeguards that the ICC Board met its promise to accomplish prize money equality by 2030 well ahead of plan,” the ICC said in a statement.

Equal Prize Money For Men’s and Woman’s at ICC Events

ICC will give the the equal amount for finishing in similar positions at comparable tournaments as well as the same amount for winning a match at such events. Supreme body of cricket has increased prize money at women’s events every year since 2017.

Council will increase the prize money of men’s and woman’s champions and runner-up teams at its global events from next cycle.

The champions and runners-up of the ICC Women’s T20 World Cup 2020 and 2023 received $1 million and $500,000, respectively, a fivefold increase over the amount paid in 2018. The prize money for the ICC Women’s Cricket World Cup 2022 has been upped to $3.5 million, up from $2 million for winning the 2017 edition in England.

Large Investment For Member Nations

The International Cricket Council (ICC) Board also affirmed the sport’s largest-ever investment after agreeing on a distribution mechanism for the next four years. Every ICC Member will receive considerably increased financing, including a strategic investment fund dedicated to driving global growth initiatives through the ICC Global Growth Strategy.

New upcoming tournaments will now need a minimum of seven local or Associate Member players.