By The BCCI’s declaration of ₹125 crore in prize money for the Indian team following their triumph in the T20 World Cup 2024 is indicative of the board’s considerable influence and financial might. This is the reason why:
1. Record prize money: The BCCI has never given out more money for a single tournament triumph than ₹125 crore, or almost $15 million USD. This demonstrates the board’s capacity to give the national team large financial prizes.
2. Exceeds ICC prize pool: The ICC set a $11.25 million total prize pool for the 2024 T20 World Cup. The BCCI has demonstrated its financial power by paying the Indian squad alone ₹125 crore, which is more than the total prize money awarded by the ICC.
3. Strengthens BCCI’s position: The BCCI, the richest and most powerful cricket board globally, has shown its capacity to financially encourage and honor the achievements of its national team by awarding such a sizable incentive. This strengthens the BCCI’s standing as the world’s most potent cricket governing organization.
4. Drives the team: The Indian cricket players are greatly motivated by the substantial prize money, which pushes them to give their all and win honours for their nation. It demonstrates the BCCI’s dedication to empowering and assisting the national team.
In the annals of international cricket, BCCI’s plan to give the Indian team ₹125 crore (about $15 million USD) for winning the T20 World Cup 2024 remains unmatched. It demonstrates the BCCI’s enormous financial clout and readiness to handsomely reward the performance of its national team. It also greatly surpasses the prize money granted by the ICC and dwarfs the revenues of other competing teams.
