ICC on July 13 announced equal prize money for men’s and women’s teams at all its events. The decision was taken at the ICC Annual Conference in Durban, South Africa.
Teams will receive the same prize money for equivalent finishing position at comparable events and winning a match at those events. The ICC Board said that the decision fulfills its commitment to reaching prize money equity by 2030 well ahead of schedule.
The ICC Board also confirmed the largest ever investment into cricket after the distribution model for the next four years was agreed. Every ICC Member will receive considerably enhanced funding with a strategic investment fund ring-fenced to drive global growth initiatives as per the ICC Global Growth Strategy.
In addition, the board approved the changes made to ICC Sanctioning Regulations designed to support all Members to create sustainable revenue streams and develop the game while preserving and protecting the integrity of the sport and the welfare of players. In future, new events in need of a sanction will need to ensure that the playing XI of each team include a minimum of seven local or Associate Member players to support the development of the game.