What Is ICC's Net Worth In 2024?

Jatin

ICC chair-elect Jay Shah with current chairman Greg Barclay (X)ICC chair-elect Jay Shah with current chairman Greg Barclay (X)

The International Cricket Council (ICC) is the global governing body of cricket, responsible for overseeing the organization and governance of major international cricket tournaments. Since its establishment in 1909, the ICC has played a massive role in shaping and regulating the game globally.

What Is ICC?

ICC (X)ICC (X)

The International Cricket Council (ICC) was founded as the Imperial Cricket Conference in 1909 by representatives from Australia, England, and South Africa. 

Over the years, the organization evolved, first changing its name to the International Cricket Conference in 1965, and finally adopting the current name, ICC, in 1987. The ICC’s headquarters are based in Dubai, United Arab Emirates.

The ICC currently boasts 108 member nations, comprising 12 Full Members that are eligible to play Test matches and 96 Associate Members. 

The organization is responsible for managing some of cricket’s most prestigious international tournaments, including the ODI World Cup, T20 World Cup, and the ICC World Test Championship.

The ICC also manages the umpiring and refereeing standards for sanctioned international matches and enforces the ICC Code of Conduct to maintain discipline and professionalism in international cricket.

Although the ICC governs global cricket, it does not control bilateral series between member nations or domestic cricket within member countries, and the Marylebone Cricket Club (MCC) continues to hold the authority to make or alter the laws of the game.

How much is ICC's Net Worth?

The exact net worth of the ICC is not publicly disclosed, but it is evident that the organization generates substantial revenues from its major tournaments and events. 

A significant portion of the ICC’s income comes from television broadcasting rights, sponsorship deals, and partnerships associated with global events like the ODI World Cup.

In 2022, the ICC reportedly generated a net income of $208.375 million, and its revenue for 2023 reached an impressive $596.014 million. 

Estimating the ICC net worth, considering its income streams, strategic partnerships, and long-term investments, puts the organization’s value in the hundreds of millions to potentially over a billion dollars.

What are the Major Sources of ICC's Earnings?

ICC Headquarters, Dubai (X)ICC Headquarters, Dubai (X)

The ICC’s primary revenue sources revolve around the global appeal of its international tournaments. Here are the key revenue streams that contribute to the ICC’s financial success:

  • 1. Broadcasting Rights: The ICC generates a significant portion of its revenue through lucrative broadcasting rights for its major tournaments, including the ODI World Cup, T20 World Cup and Champions Trophy. These rights have been estimated to bring in billions of dollars, particularly in cricket-loving nations, where the sport commands massive viewership.
  • 2. Sponsorship Deals: The ICC secures high-value sponsorship deals with major global brands. These sponsorships are highly sought after, given the global audience for ICC events.
  • 3. Event Hosting: The ICC hosts several prestigious international tournaments, with the ODI World Cup being the crown jewel. Between 2007 and 2015, sponsorship and television rights for the World Cup alone generated over $1.6 billion. These tournaments continue to be major revenue earners.
  • 4. Member Subscriptions and Partnerships: The ICC also collects income from its member nations, including Full Members and Associate Members, in the form of subscriptions. Additionally, the ICC explores commercial partnerships and investments to diversify its revenue streams.

While the ICC does not generate revenue from bilateral series or domestic matches between member countries, its reliance on global tournaments ensures a stable and growing financial base.


ICC's Expenditures

ICC's major expense is during big tournament (X)ICC's major expense is during big tournament (X)

Like any global governing body, the ICC incurs substantial expenses to maintain its operations, manage events, and ensure the smooth functioning of international cricket. 

In 2023, the ICC’s total expenditures were reported at $208.375 million. Here are some of the key areas where the ICC allocates its financial resources:

  • 1. Organizing and Managing Tournaments: A large portion of the ICC’s expenses go toward planning and executing global events like the ODI World Cup and T20 World Cup. These expenses cover logistics, marketing, venue management, security, and team accommodations.
  • 2. Umpires and Referees: The ICC appoints and pays for the umpires and referees officiating international matches, ensuring that games are conducted fairly and according to the rules of the sport.
  • 3. Anti-Corruption and Security: The ICC allocates funds to its Anti-Corruption and Security Unit (ACSU), which is responsible for curbing match-fixing, corruption, and other illicit activities that could harm the integrity of the game.
  • 4. Administration and Governance: The ICC maintains an international presence, with headquarters in Dubai and offices worldwide. Administrative costs, including staff salaries and operational expenses, form a significant part of the ICC’s expenditures.

How much does ICC pay in taxes?

ICC board (X)ICC board (X)

As an international sporting body, the ICC operates across different countries and may not be subject to the same tax regulations as commercial enterprises. 

Given that its headquarters are in Dubai, United Arab Emirates, a region known for its favourable tax policies, the ICC likely benefits from limited corporate taxation.

Dubai has no personal income tax or corporate tax for most businesses, which means the ICC may have minimal tax liabilities in its base of operations. 

However, the ICC does conduct significant business in other regions, especially during the hosting of international events. 

In those cases, tax liabilities could arise depending on the local laws governing broadcasting rights, sponsorships, and commercial operations in host countries.

ICC Net Worth: FAQs

Q.1. Is ICC richer than BCCI?

Answer: No, the ICC is not richer than the Board of Control for Cricket in India (BCCI). The BCCI is the wealthiest cricket governing body in the world, with significantly higher revenue and financial reserves compared to the ICC.

Q.2. Where is the ICC headquarters?

Answer: ICC headquarters is located in Dubai, UAE.

Q.3. When was the ICC established? 

Answer: ICC was established on 15 June, 1909.

Q.4. Who is the current head of the ICC?

Answer: The current head of the International Cricket Council (ICC) is Jay Shah.

Q.5. Who is the youngest ICC chairman?

Answer: Jay Shah holds the distinction of being the youngest chairman of the International Cricket Council (ICC).