Pakistan to earn $450m

LONDON. — Pakistan’s cricket chief on Monday claimed his country will earn US$450 million from the next eight-year cycle, mainly from four series with arch-rivals India.
India and Pakistan signed an agreement to play six series — four of which Pakistan will host in the next eight years — on the sidelines of an International Cricket Council annual conference in Melbourne last week.

The windfall for Pakistan was made possible after they conditionally agreed to approve an ICC revamp that gives major powers to cricket’s “Big Three”, India, Australia and England.

The shake-up, which Pakistan initially opposed, was formally endorsed at the meeting in Melbourne.

“We would have been left isolated and gone bankrupt in two years had we not approved the revamp,” Sethi told media on return from Australia.

“We get the most revenues when we play with India and if all goes well we are set to earn $300 million from the four series we host against India,” he said. Sethi said Pakistan gained significantly during the ICC meeting.

“Pakistan have been included in the executive committee of the ICC for one year, with India, Australia and England as the permanent members, which means we will be at the forefront of most of the decisions,” said Sethi.

That, Sethi claimed, will get Pakistan the most funds after the Big Three.

“We will get revenues on fourth number, and I can say with confidence that in the next eight year cycle we will get US$150 million from the ICC,” he said — bringing the total takings to US$450 million.

This compares to Pakistan receiving US$10 million from the ICC per year in the last seven-year cycle, Sethi added.

The first of the series with India is scheduled for December next year, likely to be played in United Arab Emirates. “The agreement is now on paper and I hope that the day will also come when PMs of both the countries clear it, then the two countries will also play in Pakistan. But at the moment it is not possible,” Sethi added.

International cricket in Pakistan has been suspended since March 2009 when militants attacked the Sri Lankan team bus, leaving eight people dead and seven visiting players injured.— AFP.