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
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Protests over rising prices spread across Iran as students join demonstrations
Tehran: Protests triggered by Iran’s worsening economic conditions spread to universities and commercial centres on Tuesday. Students joined shopkeepers and traders in demonstrations against soaring prices and the sharp fall of the national currency, according to semi-official media reports.
The unrest comes as the Iranian rial hit a record low, sliding to around 1.4 million against the US dollar on the open market, according to a Reuters. The currency has lost nearly half its value this year, while inflation reached 42.5 per cent in December, official data showed.
Semi-official Fars News Agency reported that hundreds of students staged protests at four universities in Tehran. Footage verified by Reuters showed groups of demonstrators marching through streets in the capital, chanting slogans, while state television broadcast images of gatherings in central areas of the city.
President Masoud Pezeshkian said late on Monday that he had instructed the interior minister to engage with protesters and listen to what he described as their legitimate demands. Government spokesperson Fatemeh Mohajerani said authorities would set up a dialogue mechanism that could include talks with protest leaders.
“We officially recognise the protests. We hear the voices of the people and understand that these demonstrations stem from pressure on livelihoods,” Mohajerani said in remarks carried by state media.
On social media platforms, several Iranians expressed support for the protests, warning that public anger over rising prices, corruption and economic inequality could spread further across the country.
Iran’s economy has been under strain for years following the reimposition of US sanctions in 2018 after Washington withdrew from the international nuclear agreement. United Nations sanctions were reinstated in September, and Reuters reported in October that senior officials had held multiple meetings to discuss ways to prevent economic collapse and manage public discontent.
President Pezeshkian, speaking at a meeting with trade unions and market representatives on Tuesday, said the government would make efforts to address economic grievances and ease concerns faced by workers and traders, according to state media.
On Monday, Iran’s central bank chief resigned, with local media linking the move to pressure on the currency market following recent economic liberalisation policies.
