The International Cricket Council (ICC) on June 3 announced a record-breaking prize fund for the ICC Men's T20 World Cup 2024. The total prize fund is 11.25 million USD. The winner of the marquee event is set to get at least 2.45 million USD (Rs 20.37 crore approximately).
The prize fund for the previous edition was 5.6 million USD but for the 20-team event this year, it has been doubled. Now, the winners of the T20 World Cup will approximately receive the same prize money as the winners of the Indian Premier League (IPL) 2024 winner Kolkata Knight Riders (KKR).
The runner-ups of the T20 World Cup are set to receive at least 1.28 million USD (Rs 10.64 crores) approximately. The runner-ups for previous edition, Pakistan got Rs 6.4 crore.
Prize money for other teams
The losing semi-finalists will get 787,500 dollars each (Rs 6.5 crore approximately). Teams that did not make past the Super 8s stage will receive $382,500 each (Rs 3.2 crore approximately). Teams finishing between ninth and 12th place will get $247,500 each (Rs 2.06 crore approximately).
All the other teams finishing from 13th to 20th place will get $225,000 each (Rs 1.87 crore approximately). In addition, each team will get an extra $31,154 (Rs 25.90 lakh approximately) for each game won. This will exclude the semi-final and final encounters.
Prize money reflects historic T20 World Cup
ICC Chief Executive Geoff Allardice was ecstatic on announcing the historic prize money for the event that will end on June 29 at Kensington oval, Barbados.
“This event is historic in so many ways, so it is fitting that the prize money for players reflects that. Hundreds of millions of fans around the world will be entertained by the players in what we’re hoping to be an Out of This World event,” Allardice said.
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