The T20 World Cup 2024, co-hosted by the USA and West Indies, concluded with Group India rising victorious. The event noticed cricket fanatics from all over the world flocking to the host nations, with key matches, together with the much-anticipated India-Pakistan conflict, held in New York.
In an exhilarating ultimate, India clinched their second T20 World Cup title by defeating South Africa, marking a big milestone beneath the captaincy of Rohit Sharma.
Monetary losses for the ICC
Regardless of the profitable execution of the event, the Worldwide Cricket Council (ICC) suffered a considerable monetary setback. In line with a report by PTI, the ICC incurred losses amounting to roughly USD 20 million (INR 167 crore). This monetary loss is poised to be a significant subject of debate throughout the ICC Annual Convention, which is ready to begin on Friday in Colombo. Though not part of the official nine-point agenda of the Annual Basic Assembly (AGM), the ‘post-event report’ is anticipated to focus on the monetary implications of internet hosting the event within the USA.
Attainable causes behind the monetary loss
A number of elements are believed to have contributed to the ICC’s monetary losses throughout the T20 World Cup 2024. Internet hosting a significant portion of the event within the USA, a comparatively new marketplace for cricket, posed vital logistical and infrastructural challenges. The prices related to organizing matches in venues not historically geared up for cricket, mixed with lower-than-expected attendance and income from native sponsorships, performed a essential position within the monetary downturn. Moreover, the bills incurred in selling cricket in a non-traditional area may need outweighed the quick monetary advantages.
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The thrilling ultimate
The event’s climax noticed a fascinating ultimate between India and South Africa. India secured their second T20 World Cup title in a nail-biting contest, with standout performances from key gamers. The victory was particularly momentous because it marked India’s first T20 World Cup win beneath Rohit Sharma‘s management. Following the triumphant marketing campaign, each Rohit Sharma and star batter Virat Kohli introduced their retirements from the shortest format, leaving an indelible mark on the event’s legacy.
