India's share of world cricket revenues was increased from $293 to $405 million on Thursday, under a new deal agreed among other wide-ranging reforms at a meeting of the game's global governing body in London.
The deal came after India protested a decision in April to divide revenues more equitably among members of the International Cricket Council (ICC) -- a move which would have cost the Indian board a large chunk of its funding over the next eight years.
In the new model, England will receive $139 million, while Australia, Pakistan, the West Indies, New Zealand, Sri Lanka and Bangladesh would get $128 million and Zimbabwe $94 million. The associate members along with Ireland and Afghanistan, the two newly-promoted full members who were awarded Test status on Thursday, will collectively receive funding of $240m.
-AFP, London
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