India’s Sole Hosting of the 2023 ICC Men’s World Cup Brings Substantial Revenue
Revenue Projections
The ICC Men’s World Cup 2023 is set to generate over 660 billion Pakistani rupees (approximately $2.6 billion) in revenue.
India’s Hosting Role
India, as the sole host, is hosting 48 matches across ten cities, including the iconic Narendra Modi Stadium in Ahmedabad.
TV Broadcasting Rights
The majority of revenue, approximately 360 billion Pakistani rupees, is expected to come from TV broadcasting rights.
Economic Impact
The tournament has led to an influx of foreign tourists, media, broadcasters, commentators, and competing teams, providing a boost to India’s economy, tourism, and hospitality sectors.
Revenue Allocation
The current ICC financial framework allocates a significant portion of the revenue to India, with an additional $112 million compared to the previous model, totaling $405 million over eight years.
Criticism of the Model
The ICC’s financial model has faced criticism for favoring India and potentially impacting the cricketing prospects of other participating teams.
India’s hosting of the ICC Men’s World Cup 2023 is not only a major sporting event but also a significant economic driver for the country.
