Rs 11,637 Crore: Tribunal Agrees With ICC's Mega Claim On What "Economic Benefit" India Got From World Cup

Introduction

The International Cricket Council (ICC) has won a major victory in its long-running legal battle with the Indian cricket board (BCCI) over the revenue share from the 2011 World Cup.

A tribunal at the International Chamber of Commerce (ICC) has ruled that the BCCI owes the ICC Rs 11,637 crore (US$ 1.6 billion) plus interest for failing to honor a contract to share broadcasting and other revenues from the tournament.

Background of the Case

The ICC had claimed that the BCCI had breached a contract by not sharing 40% of the revenue from the 2011 World Cup, which was held in India, Sri Lanka, and Bangladesh.

The BCCI, on the other hand, had argued that it was not liable to pay the ICC any share of the revenue because the tournament had been a financial loss.

Tribunal's Ruling

The tribunal rejected the BCCI's argument and ruled that the ICC was entitled to its share of the revenue, regardless of whether the tournament had been profitable or not.

The tribunal also found that the BCCI had failed to provide the ICC with adequate financial information to support its claim that the tournament had been a loss.

Implications of the Ruling

The tribunal's ruling is a major blow to the BCCI, which is the richest cricket board in the world.

The ruling could also have implications for other cricket boards who have been accused of not sharing revenue with the ICC.

Conclusion

The ICC's victory in this case is a significant development in the governance of world cricket.

The ruling sends a clear message that cricket boards must honor their contractual obligations and that the ICC will not tolerate breaches of contract.