Cricket to receive $300M global development investment

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.


This entry was posted by Adam Rabiner on Wednesday, July 9. 2008 at 13:53. You can leave a response, or trackback from your own blog. All new comments are subject to moderation before being displayed.
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  1. carl says:
    #1 2008-07-20 18:41 (Reply)

    any chance the icc might take a stake in cmnn.ob? would make sense for them given their proposed investment to grow the worldwide cricket audience. Also, what about Modi?
    Seems like an investment in cricket.com via cmnn would be beneficial to all sides...this is a way for them to benefit from their own sponsorship of the game via an equity return.


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