News

ICC makes profit of $84.7 million

The ICC has made a profit of $84.7 million on revenues of $173.6 million for the year ended December 31 2009

Cricinfo staff
16-Jul-2010
The ICC has made a profit of $84.7 million on revenues of $173.6 million for the year ended December 31 2009, a substantial turnaround from the $3 million loss the council registered the year before. The change in fortune is due primarily to the ICC World Twenty20 and Champions Trophy tournaments, which resulted in a surplus of $81.4 million on revenues of $143.6 million. There were no ICC tournaments held in 2008.
The huge contribution of multi-team tournaments to the organisation's bottom line highlights just how important the 2011 World Cup will be and why member associations are experimenting with the one-day format to keep it attractive for fans. The 2003 World Cup, for example, resulted in a profit of $194 million, which surpasses the total revenue of the ICC in 2009.
"Commercially, the game remains to be very healthy and I am pleased with the manner in which we have related with our broadcaster and commercial partners in testing times," chief executive Haroon Lorgat said in the ICC's annual report.
The council spent $89.3 million on operating costs, $62.1 million of which went towards staging the two tournaments. Meanwhile $9 million was spent on the promotion and development of the game globally, a key part of the ICC's strategy to build cricket's global appeal, and $640,000, excluding staff costs, was spent by the Anti-Corruption Unit.
Member associations were paid a total of $70.5 million out of the surplus, while members' subscriptions to the ICC totalled $21.9 million, almost double that of 2008 ($12.8 million). $7.7 million was allocated to the global cricket development program.