03 June,2024 07:42 PM IST | Mumbai | mid-day online correspondent
T20 World Cup (Pic: X/@T20WorldCup/@ICC)
The International Cricket Council on Monday announced the prize fund for the T20 World Cup 2024 which is jointly hosted by the USA and the West Indies. The prize fund for the T20 World Cup 2024 is USD 11.25 million with the winners receiving 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.
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The four teams which fail to make it to the Super 8 of the T20 World Cup 2024 will receive USD 382,500 each, while the teams placed ninth, 10th, 11th and 12th will 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 T20 World Cup 2024 consists of 20 teams, following which 55 matches will be played for over 28 days in the USA and the West Indies. The tournament also includes the teams such as USA, Canada and Uganda.
The T20 World Cup 2024 being played by the 20 teams for the first time in history will see 40 first-round matches. Later, the tournament will shift its focus to the Super 8. 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.
(With PTI Inputs)
