Sir Clive Lloyd has demanded that the global revenue distribution model be corrected and that the problem of financial inequality be taken seriously. Lloyd ‘demanded that the International Cricket Council (ICC) make reparations to the West Indies for what he believes to be financial unfairness’ when accepting the Order of the Caribbean Community (OCC), the highest honor bestowed upon the Caribbean area, recently in Grenada.
Addressing the unpleasant problem of the revenue sharing scheme, Lloyd reminded the global cricket community that the regional board did not receive any financial compensation during the peak of the West Indies squad. “Now that the global game is on a sounder fiscal footing, he argued, it is time for the Windies to get their fair share,” Barbados Today stated.
“Over the years in our ascendancy, we did not ask for any extra money. But now I’m told when they have distribution of funds at the ICC, England receives $180 million, Australia $180 million, India $180 million, and we are $80 million. I want to know, where do they get this disparity? – Lloyd said.
2015 saw a restructuring of the ICC revenue sharing mechanism, with boards receiving shares determined on their respective countries’ contributions to ICC revenue. Ninety percent of the cash comes from within India, and the BCCI gets roughly thirty-nine percent of the ICC’s earnings.
“Because when we were leading, everybody wanted to play – we were playing two tours in the winter. We were the cash cow for these guys. But now that we might be a little down in the dumps, nobody now is saying, well you know West Indies do need some help.
“And I think that it’s about time that our board men make a special call to the ICC. Send 10 or 12 people who we know have the pull, and that extra that is needed, to tell them that we need some special dispensation,” Lloyd was quoted as saying by Barbados Today, which went on to add, “Sir Clive pointed out that the financial imbalance has always been there, even when West Indies were winning, but that it is worse now that more money is coming into cricket.”