Windies to get $10m from ICC

Thu, Nov 26, '15

The ICC will pay seven full-member boards $10 million over the next eight years, as part of the Test Cricket Fund announced during last year’s Big Three takeover of cricket’s governing body. Other than the BCCI, ECB and CA, the remaining full-member boards will each receive $1.25 million annually, beginning January 2016.
The latest figures indicate that each member receiving the Test Match Fund stands to gain $10 million over eight years. This is less than the figure of $12.5 million over eight years announced by ECB president and ICC executive committee member Giles Clarke in February 2014 as each nation’s Test Cricket Fund package.
The ICC plans to make its first Test Cricket Fund payment of $600,000 in early January, before disbursing another $650,000 to the ‘small seven’ member boards in July. Payments are expected to follow this biannual pattern until 2023.

read more at Trinidad Guardian