ICC announces record prize purse of USD 11.25 million for T20 World Cup
New York, Jun 3: The International Cricket Council on Monday announced a record prize purse of USD 11.25 million for the 2024 T20 World Cup with the winners pocketing at least USD 2.45 million.
The runners-up will receive at least USD 1.28 million, while the losing semi-finalists walk away with USD 787,500 each.
The previous edition in 2022 had a total prize pool of USD 5.6 million with winners England receiving USD 1.6 million.
"The ninth edition of the ICC Men’s T20 World Cup will see the winners of the 20-team tournament earn at least $2.45 million, the highest prize money in the history of the tournament, along with the trophy that they will lift at Kensington Oval in Barbados on 29 June," said the ICC in a statement.
The four teams that fail to make it out of the Super 8s will earn USD 382,500 each, while the teams placed ninth, 10th, 11th and 12th receive USD 247,500 each. Participants who finish 13th to 20th place will return $225,000 each.
"And every team receives an additional $31,154 for each match they win barring the semi-finals and final," the sport's governing body added.
The 55-match event will be played over 28 days, across nine venues in the West Indies and USA, making it the biggest T20 World Cup ever. A record 20 teams are taking part in the competition including first timers USA, Canada and Uganda.
The format of this year’s tournament will see 40 first round matches played before the top eight progress to the Super 8s. Four teams will then qualify for the semi-finals, which will be staged in Trinidad and Tobago and Guyana, ending with the final in 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," said ICC Chief Executive Geoff Allardice.
ICC reveal historic prize money for the Men's #T20WorldCup 🤩
— ICC (@ICC) June 3, 2024
Details ⬇️https://t.co/jRhdAaIkmc
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Governor urges enhanced budgetary support for higher education in state budget
Bengaluru (PTI): Karnataka Governor Thaawarchand Gehlot on Saturday urged the state government to provide stronger budgetary backing to the Higher Education department in the forthcoming state budget.
Presiding over the Karnataka State Public Universities Vice Chancellors’ Conference–2026, organised by Lok Bhavan in collaboration with the Higher Education department and the Karnataka Higher Education Council, the Governor stressed that public universities require structured and sustained financial support, a press release issued by Lok Bhavan said.
“Universities, having limited internal revenue sources, require special financial care and structured budgetary support,” the release quoted Gehlot as saying, while appealing to Chief Minister Siddaramaiah to ensure the March 6 State Budget is more beneficial to higher education.
The Governor expressed satisfaction over the Chief Minister’s participation in the conference and voiced confidence that the upcoming budget would prioritise higher education.
He specifically called for filling long-pending vacancies in institutions such as Karnataka State Dr Gangubai Hangal Music and Performing Arts University, Sampurnanand Sanskrit University, Kannada University, Karnataka Janapada University, and Dr B R Ambedkar School of Economics University, along with adequate financial provisions for their development.
Emphasising the need to strengthen government universities, Gehlot said deliberations at the conference reflected Karnataka’s readiness to steer higher education in a new direction.
He also called for increasing admissions in government institutions and examining why students prefer private universities despite higher fees.
The Governor stressed strict adherence to academic calendars to ensure timely admissions, examinations and declaration of results.
Improved coordination between Vice Chancellors and Registrars, upskilling of academic staff, curriculum updates aligned with present-day needs and the introduction of job-oriented courses were identified as priorities.
Highlighting campus development, he stressed the need to improve quality, cleanliness and greenery, and urged active implementation of initiatives such as “One Tree for Mother.”
He also encouraged universities to promote sports participation to enable students to represent institutions at district, state, national and international levels.
On governance and transparency, Gehlot pressed for strict compliance with central and UGC guidelines within stipulated timelines.
The release said he emphasised that institutional credibility depends on resolving internal disputes democratically and maintaining transparency in financial matters.
He added that the Chancellor must foster harmony among stakeholders to avoid unnecessary inquiries and administrative disruptions.
The Governor suggested that universities expand international collaborations for academic and student exchange, enhance national rankings and address faculty shortages and infrastructure gaps.
Leveraging central schemes and Corporate Social Responsibility (CSR) funds was suggested as a way to bridge financial constraints with State support.
According to him, universities should preference to Indian traditional dress as uniform attire during annual convocation ceremonies to promote cultural heritage.
The conference commenced with the rendition of Vande Mataram, Jana Gana Mana and Naada Geethe. Higher Education Minister M C Sudhakar welcomed participants and outlined the objectives of the conference.
Chief Minister Siddaramaiah and his deputy D K Shivakumar were among those present on the occasion.
