ICC sanctions a whopping price budget for Champions Trophy 2025 in Pakistan

Aug 2, 2024

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ICC sanctions a whopping price budget for Champions Trophy 2025 in Pakistan

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In a significant move, the International Cricket Council (ICC) has officially approved a substantial budget for the Champions Trophy 2025, set to be hosted in Pakistan. The decision was made by the ICC’s Financial and Commercial Committee, chaired by Board of Control for Cricket in India (BCCI) Secretary Jay Shah, who thoroughly scrutinised and segmented the financial plans for the tournament.

ICC approves a massive budget for 2025 Champions Trophy

The budget, collaboratively developed by the Pakistan Cricket Board (PCB) and ratified by the ICC Finance Department of USD 70 million, amounts to INR 5,721,800,000. This funding is earmarked for the ninth edition of the Champions Trophy, scheduled to take place from 21 February to 9 March 2025.

Despite the approval, a source close to the ICC disclosed on Thursday that an additional allocation of USD 4.5 million has been deemed relatively inadequate given the overall budget. This shortfall becomes particularly apparent when considering the complexities and substantial expenses involved in organising such a major international event.

“The approximate budget is around USD 70 million, and only USD 4.5 million has been allocated as additional expenses. Given the scale of the tournament, this allocation needs careful evaluation,” a source close to the development was quoted as saying to the Hindustan Times.

Also READ: India set to host Asia Cup 2025; tournament to take place in a T20 format

Debate over Champions Trophy: BCCI seeks relocation

The Champions Trophy in Pakistan has been the subject of debate since its announcement, with uncertainty surrounding India’s participation. Reports indicate that the BCCI has requested either a relocation of the tournament or the scheduling of India’s matches at a neutral venue due to security concerns.

In related news, India has been confirmed as the host for the 2025 Asia Cup, which will be played in the dynamic T20 format. This follows the Asian Cricket Council’s (ACC) release of an Invitation for Expressions of Interest (IEOI) document.