Cricket to receive $300M global development investment
Wednesday, July 9. 2008
Posted by Adam Rabiner
Reuters (via Yahoo) reports:
The International Cricket Council (ICC) will pump in around $300 million to develop the game worldwide, the governing body announced on Tuesday.
Haroon Lorgat, CEO of the ICC, described the initiative as "the biggest investment in global development by any sport outside football".
The ICC pledged around $40 million a year for seven years from 2009 to help its 94 associate and affiliate members, placed below the 10 test-playing teams.
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It is great to hear that the ICC will be spending such a large sum to develop the sport globally. As we recently announced, Live Current plans to launch Cricket.com as a global cricket site and anticipates cricket to become the next major sports media business.
