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ICC Approves Budget Of USD 70 Million For Pakistan Champions Trophy 2025

ICC has approved a budget of approximately USD 70 million [X.com]ICC has approved a budget of approximately USD 70 million [X.com]

In a significant development, ICC has approved a budget of approximately USD 70 million for holding the Champions Trophy 2025 in Pakistan.

On Thursday, a source close to the ICC said that the world body's financial and commercial committee, headed by BCCI secretary Jay Shah, had scrutinised and approved the budget prepared and jointly submitted by the Pakistan Cricket Board (PCB) and ICC finance department.

The approximate budget is around: Source

"The approximate budget is around USD 70 million and only USD 4.5 million has been allocated as additional expenses," the source said.

The approval of the total budget and additional expenses at the last ICC meeting has generated speculation that the backup funds have been kept in case India refuses to send its team to Pakistan and some matches have to be played at other venues.

The source said that indications are that an additional amount of USD 4.5 million is too meagre compared to the overall budget to cover moving matches from Pakistan.

Asian Cricket Council president Jay Shah was also in the chair when the regional body recently decided to award India the T20 format Asia Cup in 2025 and Bangladesh the 50-over format Asia Cup in 2027.

The source said that, according to the tentative format for next year's Asia Cup, India and Pakistan are again in the same group and could potentially play a second time in the tournament's super four stage.

"A third match could happen if they qualify for the final," he said.

The source disclosed that the ACC despite the confusion and late venue changes and extra expenses during the tournament had still managed to reap profits from the 2023 Asia Cup held in Pakistan and Sri Lanka.

(With PTI Inputs)