The BCCI will reportedly be able to save Rs 1500 crore (USD 200m) in taxes for organizing the three major ICC events during the 2024-31 cycle. The development comes as the ICC agrees to bear the 10 per cent tax that the Indian cricket board pays to its government.
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The BCCI is already set to incur a loss of Rs 750 crore for hosting two World Cups – 2016 World T20 and 2023 ODI World Cup. The damage could have been greater had the 2021 T20 World Cup not been moved out of the country to the UAE.
According to a report in times of IndiaExcept BCCI, every other cricket board gets the benefit of tax exemption from their respective government. This is causing huge loss to the Indian board.
“Every other cricket board gets tax exemption from their government. But BCCI cannot expect the central government to change its laws for us. Therefore, all the members felt that the ICC should suffer. Anyway, BCCI generates the highest revenue by hosting events in India. BCCI will not suffer any deduction from the revenue pool of the ICC,” TOI quoted a BCCI official as saying.
On Tuesday, the ICC announced the hosts for its limited-overs events till 2031. India has been declared host to three major events including 2026 T20 World Cup (co-hosts with Sri Lanka), 2031 ODI World Cup (co-hosts Bangladesh). and 2029 Champions Trophy.
In a major development, Pakistan has been awarded an ICC event for the first time since 1996 when it hosted the ODI World Cup alongside India and Sri Lanka. The country will host the Champions Trophy in 2025.
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