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icc tournaments date announced: ICC events: no relief from government, ICC will give Rs 1500 crore help to India – bcci will save 1500 crores in taxes via icc by hosting 3 major icc events

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icc tournaments date announced: ICC events: no relief from government, ICC will give Rs 1500 crore help to India – bcci will save 1500 crores in taxes via icc by hosting 3 major icc events

Highlights

  • ICC has entrusted the hosting of three major events to India
  • Pakistan has also got to host an ICC event after 29 years.
  • The government has not given tax relief to BCCI in earning on hosting the tournament.

New Delhi
ICC events are now making their place in America. The International Cricket Council has given the rights to organize the 2024 T20 World Cup to West Indies and America on Tuesday. At the same time, the organizing rights of the 2027 50-over ODI World Cup have been given to South Africa and Zimbabwe. Along with this, Namibia has been made co-host in it.

Pakistan has got to host an ICC tournament after 29 years. The Champions Trophy to be held in the year 2025 will be held in Pakistan. The Board of Control for Cricket in India has got the rights for three major events – 2026 T29 World Cup, 2029 Champions Trophy (with Sri Lanka) and 2031 World Cup (with Bangladesh). Along with this, BCCI will also save about $ 200 million in tax as the ICC has decided to bear the burden of taxes which the Indian government has refused to pay to the BCCI.

ICC Tournament

The ICC said in its statement, ‘The hosts have been selected through a competitive bidding. It was selected by a sub-committee. This included New Zealand Cricket Chairman Martin Sneddon, BCCI President Sourav Ganguly and Cricket West Indies President Ricky Skerritt.

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Tax relief for BCCI
In another big case, BCCI has got a big relief from the ICC. The ICC has agreed to bear the tax burden of the Indian board. The board will not get 10 percent tax exemption on the event from the government. The ICC will bear the loss arising out of the conduct of all three ICC events.

TOI

According to the news of Times of India, this will save BCCI at least 200 million i.e. 1500 crore rupees. About $100 million (Rs 750 crore) to the board from organizing the 2026 T20 World Cup and 2023 50-over World Cup. This loss would have increased to $150 million if the recent T20 World Cup had taken place in India instead of the UAE.

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