Tournaments and Income Generation
The ICC generates income from the tournaments it organises, primarily the Cricket World Cup, and it distributes the majority of that income to its members. Sponsorship and television rights of the World Cup brought in over US$1.6 billion between 2007 and 2015, by far the ICC’s main source of income. In the nine month accounting period to 31 December 2007 the ICC had operating income of USD 12.66 million, mainly from member subscriptions and sponsorship. In contrast event income was USD 285.87 million, including USD 239 million from the 2007 World Cup. There was also investment income of USD 6.695 million in the period.
The ICC has no income streams from the bilateral international cricket matches (Test matches, One Day International and Twenty20 Internationals), that account for the great majority of the international playing schedule, as they are owned and run by its members. It has sought to create other new events to augment its World Cup revenues. These include the ICC Champions Trophy and the ICC Super Series played in Australia in 2005. However these expansion has not been as successful as the ICC hoped. The Super Series was widely seen as a failure and is not expected to be repeated, and India called for the Champions Trophy to be scrapped in 2006 The Champions Trophy 2004 event was referred to in Wisden 2005 by the editor as a "turkey of a tournament" and a "fiasco"; although the 2006 edition was seen as a greater success due to a new format.
The ICC World Twenty20, first played in 2007, was a success. The ICC's current plan is to have an international tournament every year, with a Twenty20 World Cup played in even number years, the World Cup continuing to be held the year before the Olympic Games, and the ICC Champions Trophy in the remaining year of the cycle. This cycle will begin in 2010, thus the Twenty20 World Cup will be played for a second consecutive year in that year.
Read more about this topic: International Cricket Council
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