Here’s the biggest financial loss ICC incurred during the 2024 T20 World Cup

I T20 World Cup 2024jointly owned by USA again The West Indieshe concluded that The Indian team that comes out on top wins. The tournament saw cricket lovers from all over the world flocking to the participating countries, with key matches, including the much-anticipated India-Pakistan match, held in New York.

In a thrilling finale, India won their second T20 World Cup title by defeating South Africawhich marks a milestone under Rohit Sharma’s captaincy.

ICC financial loss

Despite the successful completion of the tournament, the International Cricket Council (ICC) he faced serious financial problems. According to a PTI report, the ICC incurred a loss of around USD 20 million (INR 167 crore). This financial loss is set to be a major topic of discussion during the ICC Annual Conference, which is scheduled to begin on Friday in Colombo. Although not part of the nine-point official agenda of the Annual General Meeting (AGM), the ‘post-event report’ is expected to highlight the financial implications of hosting the tournament in the USA.

Possible reasons behind financial loss

Several factors are believed to have contributed to the ICC’s financial loss during the T20 World Cup 2024. Hosting a major portion of the tournament in the USA, a relatively new market for cricket, has had major operational and infrastructural challenges. Costs associated with organizing matches in venues not traditionally equipped for cricket, combined with lower-than-expected attendances and income from local sponsorships, played a significant role in the financial decline. Additionally, the costs incurred in promoting cricket in a non-traditional area may be greater than the financial benefits at the time.

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An exciting finale

The climax of the tournament was a thrilling final between India and South Africa. India clinched their second T20 World Cup title in a nail-biting contest, thanks to a brilliant performance by key players. The win was especially significant as it marked India’s first win under the T20 World Cup Rohit Sharmaleadership. After a victorious campaign, both Rohit Sharma and star batsman Virat Kohli announced their retirement from the shortest format, leaving an indelible mark on the tournament’s history.

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