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NEW DELHI : Cricket's cash-starved associate member nations fear the proposed new international revenue distribution model, which heavily favours the game's superpowers, could potentially stall the growth of the game.
The Indian cricket board (BCCI) could witness another round of cash windfall during the next five-year cycle between 2023-2027 with estimated earnings of over USD 1.15 billion (INR 9 billion) from ICC's share of annual revenue. While this is still not official but an influential ICC member said that it is just a matter of time before BCCI is officially given 38.50 per cent of ICC's annual revenue of 600 million USD, which comes to USD 231 million for wold's richest cricket board.
BRASILIA : Brazil's Finance Ministry is expected to levy a 15 per cent tax on the revenue of sports betting companies, in addition to requiring a fee of 30 million reais ($5.93 million) to operate in the country, two sources with knowledge of the matter told Reuters on Thursday.
Florida State athletic director Michael Alford told his board of trustees on Friday that «something has to change» when it comes to closing the growing revenue gap with other conferences — a sign that one of the biggest brands in the league is unhappy with the current structure.
The Premier League is confident the so-called 'New Deal For Football' can be agreed with the EFL and the Football Association before the end of the season.
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In a motion filed with the US District Court for Northern California on Monday, LIV Golf League's attorneys claimed that the circuit is generating virtually no revenue.
MILAN : Ferrari said on Tuesday it had appointed Lorenzo Giorgetti to the newly-created position of chief racing revenue officer, tasked with boosting long-term relations with sponsors across all racing activities.