ICC Champions Trophy: Winners to receive prize money of USD 2.24 million
Dubai, Feb 14 (PTI): Winners of the upcoming Champions Trophy will walk away with a whopping USD 2.24 million cash reward after the International Cricket Council (ICC) announced a 53 per cent hike in its prize money pool for the eight-team tournament starting February 19.
The winners' purse would be close to 20 crore in Indian currency. The runners-up will receive half the amount, USD 1.12 million (INR 9.72 crore), while each losing semi-finalist will take home USD 560,000 (INR 4.86 crore). The total prize pool has increased to USD 6.9 million (Rs 60 crore approx).
"The substantial prize pot underscores the ICC's ongoing commitment to investing in the sport and maintaining the global prestige of our events," ICC chairman Jay Shah said in a statement ahead of the tournament which will be held in Pakistan and the UAE.
Each group stage win would be worth over USD 34,000 (INR 30 lakh) for the victorious team.
Teams finishing in fifth or sixth place will receive USD 350,000 each (INR three crore), while the seventh and eighth-placed sides will take home USD 140,000 (INR 1.2 crore).
Additionally, all eight teams will receive a guaranteed USD 125,000 each (INR 1.08 crore) for participating in the event.
This tournament marks the first time Pakistan will host an ICC event since 1996. However, India will play all their matches in Dubai owing to security concerns related to travelling to Pakistan. Rohit Sharma's men will begin their campaign on February 20 against Bangladesh.
The Pakistan leg will feature games in Karachi, Lahore and Rawalpindi.
The 2025 edition features eight teams split into two groups of four, with the top two from each group advancing to the semi-finals.
"The ICC Men's Champions Trophy 2025 represents a pivotal moment for cricket, reviving a tournament that highlights the pinnacle of ODI talent, where every match is critical," the ICC chairman emphasised in his statement.
"Beyond the financial incentive, this tournament ignites fierce competition, captivates fans worldwide, and plays a vital role in fostering the growth and long-term sustainability of cricket for future generations," Shah added.
The men's Champions Trophy was held every four years from 2009 to 2017 before a COVID disruption and deliberations on its relevance led to it being postponed. The tournament was first introduced as a biennial event in 1998.
The women's Champions Trophy will make its debut in 2027 in the T20 format.
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Firms being arm-twisted to divert investment from Karnataka: Priyank Kharge
New Delhi (PTI): Companies are being arm-twisted to divert their investments from Karnataka despite the state having the best talent ecosystem, state's IT, biotech and rural development minister Priyank Kharge said on Friday.
The minister said it has taken 40 years to develop the entire ecosystem in the state that suits investors.
"Why is semiconductor going to Gujarat, Assam? That's my question? That's what I have been asking. Why is it going to Gujarat? Why is it going to Assam? When PLI comes, they have to choose their state. The name is Karnataka. How does it become Gujarat by the time the application reaches Delhi? They are coming to my state. Why are they being arm-twisted to Gujarat?" Kharge said.
He was speaking to reporters on the sidelines of a roadshow in the national capital for the Bengaluru Tech Summit 2026 to be held in November.
"They are coming to our state only. They want to invest in our state. It works out for them. It is profitable for them. Our human resource is one of the most agile and best in the world. But yet, they are going to be pushed to Gujarat," Kharge said.
During the event, Kharge said Karnataka is planning to rejig policy on data centres to promote sustainable data centres.
"There is a serious need for states and the central government to bring up policies for sustainable data centres. That's exactly what the government of Karnataka intends to do," Kharge said.
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