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ICC approves PCB's request for financial assistance

ANI  |  Karachi [Pakistan] 

Cricket Board's (PCB) request for financial assistance for organizing international cricket series at the neutral venues in the has been accepted by the International Cricket Council (ICC) board.

About six months back, PCB chairman Shaharyar Khan had made the request which finally got the nod of the Board, the Dawn reported.

"The PCB made a request for a special assistance fund to be allocated to in light of its financial issues related to not being able to compete at home. The Board, on the recommendation of the Financial and Commercial Affairs Committee, agreed that some form of assistance will be provided and the matter will be discussed with PCB going forward," the stated in a press release after the end of its board meeting in Cape Town,

Meanwhile, the world cricket body has also announced further financial assistant for Ireland and cricket.

"The Board also approved further payments of USD 500,000 to Ireland and Afghanistan, repeating the additional investment of 2016 to stage more ODIs and T20Is. USD250, 000 will also be given to each of the other Associate Members with ODI and T20I status for the same purpose.

This investment is to continue to increase the number of competitive teams on the world stage and comes on top of their existing member distribution," the stated.

chief Shashank Manohar said, "We have had a productive week working with our Members for the long-term benefit of cricket. We are continuing our work on the whole governance structure, including the revenue share model, and I expect a proposal to go to our board next year."

"A number of decisions have been taken, particularly around the governance of cricket in the USA, women's cricket and funding of associate cricket to drive up playing standards," he added.

There was further discussion around the structure of international bilateral cricket as members collectively aim to bring greater context across all three formats of the game with more progress made. Further work will be undertaken around scheduling before a full proposal for consideration will go to the Board in February.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, October 16 2016. 15:57 IST