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Real Madrid have overtaken Manchester City and topped the Deloitte Football Money League as the world's highest revenue-generating club in the 2022-23 season, with commercial revenue taking over as the largest income stream for teams.
The big three in world cricket, including India, England and Australia should do more to save smaller Test playing teams and ICC's current revenue sharing model is "completely broken", said Cricket West Indies CEO Johnny Grave. India being the engine of the game pockets close to 40 percent of ICC's net annual earnings, followed by England and Australia, who get a single digit share. "The revenue-share model is completely broken. If we really want to operate as a cricketing community, we are only as strong as the weakest team, and we've got to change the mindset of bilateral cricket," Grave was quoted as saying by ESPNcricinfo. At the moment, the players of the teams like South Africa and West Indies are having to prioritise franchise cricket over their international commitments.
Premier League and EFL chiefs are set to be questioned by a select committee next week about what progress has been made towards a new agreement over top-flight television revenue.
Annual global revenue for women's elite sports will cross the billion-dollar threshold for the first time in 2024, Deloitte said on Wednesday.
Manchester City have broken through the £700m ceiling for revenue to trump Manchester United and set a new Premier League record - while counting the cost of The Treble.
:Manchester United on Thursday forecast higher revenues as the soccer club returned to the Champions League and reported smaller financial losses for the year to June, saying fans had thronged the Old Trafford stadium in record numbers.
Manchester United have reported a Premier League record revenue figure of £648.4million (€743.8m) for the year ending 30 June.
:Manchester United on Thursday forecast higher fiscal 2024 revenue after reporting a smaller fourth-quarter net loss as the English Premier League club benefited from an increase in ticket sales and sponsorship revenue.