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India Men's and Women's team (Image Source: Twitter)
On 13 July 2023, the Apex Council of Cricket came up with a great decision as both Men’s and Women’s teams are now to receive equal prize money at global events. Regarding it, the Chairman of the Governing Body of Cricket, Greg Barclay said that this is by far the largest level of investment ever to go into the game.
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He said: “This is a significant moment in the history of our sport and I am delighted that men’s and women’s cricketers competing at global events will now be rewarded equally.” Barclay further added that they will be able to invest more money than ever before into our sport due to the success of their media rights.
“This is by far the largest level of investment ever to go into cricket” - Greg Barclay
“Since 2017 we have increased prize money at women’s events every year with a clear focus on reaching equal prize money and from here on in, winning the Women’s Cricket World Cup will carry the same prize money as winning the Men’s Cricket World Cup and the same for 20-20 World Cups and U19s too. Cricket is genuinely a sport for all and this decision from the Board reinforces that and enables us to celebrate and value every single player’s contribution to the game equally,” Barclay further added.
He said: “The success of our media rights and commercial programme for our next four-year cycle means we are able to invest more money than ever before into our sport. All Members will receive a base distribution and then additional revenue will be in relation to contribution to the global game both on and off the field. This is by far the largest level of investment ever to go into cricket and it’s a once in a generation opportunity for our Members to accelerate growth and engage more players and fans and drive competitiveness.”
“I’m delighted that the board have also committed to a strategic investment fund which will help to accelerate the delivery of our Global Growth Strategy,” he concluded.