Changing dynamics of cricket

Subject : Changing dynamics of cricket


Audience : Common people


Purpose : To share about the game of cricket its history and how the
game has changed over these years .
To create awareness among the people about the money
Generated through cricket with emphasis on 20/20 cricket and
the popular IPL ie the THE INDIAN PREMIER LEAGUE.
 
Introduction
Cricket is the most popular sport in our country. The game of cricket has changed a lot from the day it evolved till the present scenario. Shorter versions of the game with interesting rules are being popular among the masses .First there were test matches played for 5 days and then limited over’s cricket also called one day game became popular. Now the shorter version, twenty-twenty cricket is attracting more people towards the game. At present cricket is money earning business than a game played for fun in the earlier days. The new format of game T2O/20 format is attracting more people through sponsors and other sources cricket is generating more income than any other game in the country. With the coming of IPL cricket fever has spread like anything and from every child to adult follows the game with great enthusiasm. Cricket is not like before it has become a passion among people mainly due to the influence of media and the invention of shorter version of game like T20/20 cricket.

History of Cricket
Early cricket was at some time or another described as "a club striking a ball (like) the ancient games of club-ball, stool-ball, trap-ball, stob-ball" Cricket can definitely be traced back to Tudor times in early 16th-century England. Written evidence exists of a game known as creag being played by Prince Edward the son of Edward I (Longshanks), at Newenden, Kent in 1301 and there has been speculation, but no evidence, that this was a form of cricket.
A number of other words have been suggested as sources for the term "cricket". In the earliest definite reference to the sport in 1598, it is called creckett. Given the strong medieval trade connections between south-east England and the County of Flanders when the latter belonged to the Duchy of Burgundy, the name may have been derived from the Middle Dutch krick, meaning a stick (crook); or the Old English cricc or cryce meaning a crutch or staff In Old French, the word criquet seems to have meant a kind of club or stick. In Samuel Johnson's Dictionary, he derived cricket from "cryce, Saxon, a stick" Another possible source is the Middle Dutch word krickstoel, meaning a long low stool used for kneeling in church and which resembled the long low wicket with two stumps used in early cricket.According to Heiner Gillmeister, a European language expert of Bonn University, "cricket" derives from the Middle Dutch phrase for hockey, met de (krik ket)sen (i.e., "with the stick chase"). Dr Gillmeister believes that not only the name but the sport itself is of Flemish origin.
In 1598, a court case referred to a sport called creckett being played by boys at the Royal Grammar School, Guildford around 1550. This is the sport's earliest definite mention. It is believed that it was originally a children's game but references around 1610 indicate that adults had started playing it and the earliest reference to inter-parish or village cricket occurs soon afterwards
During the 17th century, numerous references indicate the growth of cricket in the south-east of England. By the end of the century, it had become an organised activity being played for high stakes and it is believed that the first professionals appeared in the years following the restoration in 1660. A newspaper report survives of "a great cricket match" with eleven players a side that was played for high stakes in Sussex in 1697 and this is the earliest known reference to a cricket match of such importance.
The game underwent major development in the 18th century and became the national sport of England. Betting played a major part in that development with rich patrons forming their own "select XIs". Cricket was prominent in London as early as 1707 and large crowds flocked to matches on the Artillery Ground in Finsbury. The single wicket form of the sport attracted huge crowds and wagers to match. Bowling evolved around 1760 when bowlers began to pitch the ball instead of rolling or skimming it towards the batsman. This caused a revolution in bat design because, to deal with the bouncing ball, it was necessary to introduce the modern straight bat in place of the old "hockey stick" shape. New Laws introduced in the latter part of the 18th century included the three stump wicket and leg before wicket (lbw).
The 19th century saw underarm bowling replaced by first round-arm and then over arm bowling. Both developments were controversial. Organisation of the game at county level led to the creation of the county clubs, starting with Sussex CCC in 1839, which ultimately formed the official County Championship in 1890. Meanwhile, the British Empire had been instrumental in spreading the game overseas and by the middle of the 19th century it had become well established in India, North America, the Caribbean, South Africa, Australia and New Zealand. In 1844, the first ever international cricket match took place between the United States and Canada (although neither has ever been ranked as a Test-playing nation).
The last two decades before the First World War have been called the "Golden Age of cricket". It is a nostalgic name prompted by the collective sense of loss resulting from the war, but the period did produce some great players and memorable matches, especially as organised competition at county and Test level developed.
Cricket entered a new era in 1963 when English counties introduced the limited over’s variant. As it was sure to produce a result, limited over’s cricket was lucrative and the number of matches increased. The first Limited Overs International was played in 1971. The governing International Cricket Council (ICC) saw its potential and staged the first limited over’s Cricket World Cup in 1975. In the 21st century, a new limited over’s form, Twenty20, has made an immediate impact.



Various forms of game
Cricket is a multi-faceted sport which, in very broad terms, can be divided into major cricket and minor cricket based on playing standards. A more pertinent division, particularly in terms of major cricket, is between matches in which the teams have two innings apiece and those in which they have a single innings each. The former, known as first-class cricket, has a duration of three to five days (there have been examples of "timeless" matches too); the latter, known as limited over’s cricket because each team bowls a limit of typically 50 over’s, has a planned duration of one day only (a match can be extended if necessary due to bad weather, etc.).
Typically, two-innings matches have at least six hours of playing time each day. Limited overs match often last six hours or more. There is also a short interval between innings. Historically, a form of cricket known as single wicket has been extremely successful and many of these contests in the 18th and 19th centuries qualify as major cricket matches. In this form, although each team may have from one to six players, there is only one batsman at a time and he must face every delivery bowled while his innings lasts. Single wicket has rarely been played since limited over’s cricket began.
Test cricket
Test cricket is the highest standard of first-class cricket. A Test match is an international fixture between teams representing those countries that are Full Members of the ICC.
Test matches between two teams are usually played in a group of matches called a "series". Matches last up to five days and a series normally consists of three to five matches. Test matches that are not finished within the allotted time are drawn.
One day Cricket
Standard limited overs cricket was introduced in England in the 1963 season in the form of a knockout cup contested by the first-class county clubs. In 1969, a national league competition was established. The concept was gradually introduced to the other major cricket countries and the first limited overs international was played in 1971. In 1975, the first Cricket World Cup took place in England. Limited overs cricket has seen various innovations including the use of multi-coloured kit and floodlit matches using a white ball.
A "one day match", named so because each match is scheduled for completion in a single day, is the most common form of limited overs cricket played on an international level. In practice, matches sometimes continue on a second day if they have been interrupted or postponed by bad weather. The main objective of a limited overs match is to produce a definite result and so a conventional draw is not possible, but matches can be undecided if the scores are tied or if bad weather prevents a result. Each team plays one innings only and faces a limited number of overs, usually a maximum of 50. The Cricket World Cup is held in one day format .
Other types of cricket
There are numerous informal variations of the sport played throughout the world that include indoor cricket, French cricket, beach cricket, Kwik cricket and all sorts of card games and board games that have been inspired by cricket. In these variants, the rules are often changed to make the game playable with limited resources or to render it more convenient and enjoyable for the participants.
Indoor cricket is played in a netted, indoor arena, and is quite formal but most of the outdoor variants are very informal.
In Estonia, teams gather over the winter for the annual Ice Cricket tournament. The game juxtaposes the normal summer pursuit with harsh, wintry conditions. Rules are otherwise similar to those for the six-a-side game.
Twenty20
Twenty20 is a form of cricket, originally introduced in the United Kingdom for professional inter-county competition by the England and Wales Cricket Board (ECB), in 2003. A Twenty20 game involves two teams, each has a single innings, batting for a maximum of 20 overs.
A Twenty20 game is completed in about three and half hours, with each innings lasting around 75 minutes, thus bringing the game closer to the time span of other popular team sports. It was introduced to create a lively form of the game which would be attractive to spectators at the ground and viewers on television and as such it has been very successful. The ECB did not intend that Twenty20 would replace other forms of cricket and these have continued alongside it.
Since its inception the game has spread around the cricket world. On most international tours there is at least one Twenty20 match and most Test-playing nations have a domestic cup competition. The inaugural World Twenty20 was played in South Africa in 2007 .
Origin
The idea of a shortened format of the game at a professional level was discussed by the England and Wales Cricket Board (ECB) in 1998 and 2001.
When the Benson & Hedges Cup ended in 2002, the ECB needed another one day competition to fill its place. The cricketing authorities were looking to boost the game's popularity with the younger generation in response to dwindling crowds and reduced sponsorship. It was intended to deliver fast paced, exciting cricket accessible to thousands of fans who were put off by the longer versions of the game. Stuart Robertson, the marketing manager of the ECB, proposed a 20 over per innings game to county chairmen in 2001 and they voted 11-7 in favour of adopting the new format A media group was invited to develop a name for the new game and Twenty20 was the chosen title. Twenty20 cricket is also known as T20 cricket. A mathematician from Perth, Western Australia, Dr George Christos, also claims to have proposed a similar format to the ICC and ECB in 1997. However, the ICC has dismissed his involvement in developing the final concept.Twenty20 cricket was formally introduced in 2003 when the ECB launched the Twenty20 Cup and was marketed with the slogan “I don’t like cricket, I love it”, taken from the 10cc song "Dreadlock Holiday"
Twenty20 Cup
The first official Twenty20 matches were played on 13 June 2003 between a variety of English counties in the Twenty20 Cup The first season of Twenty20 in England was a relative success, with the Surrey Lions defeating the Warwickshire Bears by 9 wickets in the final to claim the Twenty20 Cup.
Starting 11 July 2006 19 West Indies regional teams competed in what was named the Stanford 20/20 tournament. The event has been financially backed by billionaire Allen Stanford, who gave at least US$28,000,000 funding money. West Indies legends also backed the programme, and several "looked after" the teams during their stay in and around the purpose built ground in Antigua. It is intended that the tournament will be an annual event. Guyana won the inaugural event, defeating Trinidad and Tobago the top prize for the winning team was US$1,000,000, but other prizes were given throughout the tournament, such as play of the match (US$10,000) and man of the match (US$25,000).
The first Twenty20 international in England was played between England and Australia at the Rose Bowl in Hampshire on the 13 June 2005. On 9 January 2006 Australia and South Africa met in the first international Twenty20 game in Australia. In a first, each player's nickname appeared on the back of his uniform, rather than his surname. The international match drew a crowd of 38,894 people at the The Gabba
International
Twenty20 Internationals have been played since 2005. To date, 16 nations have played the format, including all test playing nations.
1. New Zealand (17 February 2005)
2. Australia (17 February 2005)
3. England (13 June 2005)
4. South Africa (21 October 2005)
5. West Indies (16 February 2006)
6. Sri Lanka (15 June 2006)
7. Pakistan (28 August 2006)
8. Bangladesh (28 November 2006)
9. Zimbabwe (28 November 2006)
10. India (1 December 2006)
11. Kenya (1 September 2007)
12. Scotland (12 September 2007)
13. Netherlands (2 August 2008)
14. Ireland (2 August 2008)
15. Canada (2 August 2008)
16. Bermuda (3 August 2008)

Domestic
This is a list of the main Twenty20 domestic competitions in each cricketing country.
Country Domestic Competitions
Australia
KFC Twenty20 Big Bash

Canada
Scotiabank National T20 Championship

England
Twenty20 Cup

India
DLF Indian Premier League , Indian Inter-State T20 Championship and Indian Cricket League

Kenya
National Elite League Twenty20

New Zealand
State Twenty20

Pakistan
Pakistan Super League and RBS Twenty-20 Cup

South Africa
Standard Bank Pro 20 Series

Sri Lanka
Inter-Provincial Twenty20

U.S.A.
Pro Cricket, American Premier League and NYPD Cricket League

West Indies
Stanford 20/20

Bangladesh
Port City Cricket League

Zimbabwe
Metropolitan Bank Twenty20



IPL
The Indian Premier League (also known as the "DLF Indian Premier League" and often abbreviated as IPL), is a Twenty20 cricket competition created by the Board of Control for Cricket in India (BCCI) and chaired by the Chairman & Commissioner IPL, BCCI Vice President Lalit Modi. The first season of the Indian Premier League commenced on 18 April 2008, and ended on 1 June 2008 with the victory of the Rajasthan Royals against Chennai Super Kings in the final at the DY Patil Stadium, Navi Mumbai.
As the second season of the IPL coincided with multi-phase 2009 Indian general elections, the Indian Central Government refused to provide the Indian paramilitary forces to provide security, saying the forces would be stretched too thinly if they were to safeguard both the IPL and the elections. As a result, the BCCI decided to host the second season of the league outside India All 59 matches of the second season, abbreviated as IPL 2, took place in South Africa. Ironically, South Africa were also scheduled to have elections doing the IPL, however, the South African government provided adequate security for both the South African General Elections and the IPL.
Inaugural season
The tournament started on 18 April 2008 in Bangalore and lasted for 46 days with 59 matches scheduled, out of which 58 took place and 1 was washed out due to rain. Each team played every other both at home and away in a round robin system. The top four ranking sides progressed to the knockout stage of semi-finals followed by a final. Rajasthan Royals emerged as the inaugural IPL champions.
Second season
The 2009 season coincided with the general elections in India. Due to concerns regarding players' security, the venue was shifted to South Africa. The format of the tournament remained the same as the inaugural one. Deccan Chargers came out as eventual winners of the tournament.
Franchises
Existing Original Eight
The winning bidders for the eight franchises were announced on 24 January 2008.While the total base price for auction was US $400 million, the auction fetched US $723.59 million. The official list of franchise owners announced and the winning bids were as follows.
Franchise Owner(s) Price (USD)

Mumbai Indians
Mukesh Ambani (Reliance Industries)
$ 111.9 m
Royal Challengers Bangalore
Vijay Mallya (UB Group)
$ 111.6 m
Deccan Chargers
Deccan Chronicle(Venkat Ram Reddy)
$ 107.0 m
Chennai Super Kings
India Cements (N.Srinivasan)
$ 91.90 m
Delhi Daredevils
GMR Holdings (Grandhi Mallikarjuna Rao)
$ 84.0 m
Kings XI Punjab
Ness Wadia (Bombay Dyeing), Priety Zinta, Mohit Burman (Dabur) and Karan Paul (Apeejay Surendera Group)
$ 76.0 m
Kolkata Knight Riders
Red Chillies Entertainment (Shahrukh Khan, Gauri Khan, Juhi Chawla and J Mehta)
$ 75.1 m
Rajasthan Royals
Emerging Media (Lachlan Murdoch, A.R Jha and Suresh Chellaram), Shilpa Shetty, Raj Kundra $ 67.0 m

2010-11 Expansion
After the success of the first season, it has been reported that two new franchises will join the IPL in 2010-11, increasing the total number of teams to 10. The new confirmed franchises will be based in Ahmadabad and Kanpur, with Anil Ambani's name associated with the ownership of the Ahmadabad franchise, and Sahara Group is touted as the possible suitors to buy the Kanpur franchise. Other cities being linked with getting a franchisee are Noida (UP), Patna-Ranchi joined franchisee or a team from the North-East to promote the sport in the region and possibly one team from the north-western states of Jammu and Kashmir, Himachal Pradesh and Uttarkhand.Top Bollywood director Priyadarshan and Bollywood superstar Mohanlal plan to start a cricket team from Kerala for the next IPL season, to be titled as 'City Cricketers’.The expansion plan also includes a second IPL every year which will be a shorter one.
Expansions- 2010-11 season
• IPL Ahmadabad
• IPL Kanpur
• IPL Kerala (City Cricketers)
• Any teams from the following-
1. A team from Noida, Uttar Pradesh
2. A Patna-Ranchi joined franchisee
3. A team from the Assam
4. A team from the north-western states of Jammu and Kashmir, Himachal Pradesh and Uttarakhandh

2012-2013 expansion
The unselected team from the three postulated for the 2010-11 expansion will be considered for another set of expansions in the 2012-13 season. An expansion of two more teams is expected for 2012-13. A second Mumbai or Delhi team has also been proposed for future expansion of two teams to take place in the 2012-13 season.The Delhi team could be localized to Gurgaon, Faridabad, Noida or Greater Noida or could be more likely combined to create an alternative Delhi team.
Television rights and sponsorships
The IPL is predicted to bring the BCCI income of approximately US$1.6 billion, over a period of five to ten years. All of these revenues are directed to a central pool, 40% of which will go to IPL itself, 54% to franchisees and 6% as prize money. The money will be distributed in these proportions until 2017, after which the share of IPL will be 50%, franchisees 45% and prize money 5%. The IPL signed up Kingfisher Airlines as the official umpire partner for the series in Rs. 106 crore (1.06 billion) deal. This deal sees the Kingfisher Airlines brand on all umpires' uniforms and also on the giant screens during third umpire decisions.
Television rights
On 15 January 2008 it was announced that a consortium consisting of India's Sony Entertainment Television network and Singapore-based World Sport Group secured the global broadcasting rights of the Indian Premier League. The record deal has duration of ten years at a cost of US $1.026 billion. As part of the deal, the consortium will pay the BCCI US $918 million for the television broadcast rights and US $108 million for the promotion of the tournament. This deal was challenged in the Bombay High Court by IPL, and got the ruling on its side. After losing the battle in court, Sony Entertainment Television signed a new contract with BCCI with Sony Entertainment Television paying a staggering Rs. 8700 crores (87 billion) for 10 years. One of the reasons for payment of this huge amount is seen as the money required subsidizing IPL's move to South Africa which will be substantially more than the previous IPL. IPL had agreed to subsidize the difference in operating cost between India and South Africa as it decided to move to the African nation after the security concerns raised because of its coincidence with India's general elections.
20% of these proceeds would go to IPL, 8% as prize money and 72% would be distributed to the franchisees. The money would be distributed in these proportions until 2012, after which the IPL would go public and list its shares
Sony-WSG then re-sold parts of the broadcasting rights geographically to other companies. Below is a summary of the broadcasting rights around the world.
Winning Bidder Regional Broadcast Rights Terms of Deal
Sony/World Sport Group Global Rights, India 10 years at Rs 8700 crores
ONE HD Free-to-air HD and SD television in Australia. Owned by Network TEN. 5 years at AUD 10-15 Million
Sky Network Television New Zealand broadcast rights Terms not released
Arab Digital Distribution Middle East broadcast rights on ADD's ART Prime Sport channel. Will broadcast to United Arab Emirates, Bahrain, Iran, Iraq, Jordan, Kuwait, Lebanon, Oman, Qatar, Palestine, Saudi Arabia, Syria, Turkey, Algeria, Morocco, Tunisia, Egypt, Sudan, Libya and Nigeria.
10 Years, terms not released.
Willow TV Rights to distribute on television, radio, broadband and Internet, for the IPL in North America.
5 years, terms not released.
Super Sport South Africa and Nigeria broadcast rights
Terms not released
GEO Super Pakistan broadcast rights
Terms not released
Asian Television Network Canadian broadcast rights. Aired on ATN's CBN & ATN Cricket Plus channels on a subscription basis. Aired on XM Radio's ATN-Asian Radio as well.
5 years, terms not released.
Sponsorships
India's biggest property developer DLF Group has paid US $40 million to be the title sponsor of the tournament for 5 years.

Global following

In India, the IPL has become one of the most popular events of the year. Around the world, reception has varied. In Pakistan the reception was described by Pakistani cricinfo editor Osman Samiuddin as "massive", suggesting that it attracted even non-regular cricket followers and that the popularity of the Kolkata Knight Riders was great GEO Super telecasted the matches and also included a popular show called Inside IPL. A similar positive reaction was seen in Sri Lanka, with interest in the Mumbai Indians being large due to the presence of cricket hero Sanath Jayasuriya. Bangladesh has also positively reacted despite only one Bangladeshi player being involved. The Knight Riders were the most popular team. These sub continental countries were also helped in that the time-slot of the matches fitted in with prime time in these nations.
South Africa has seen moderate viewership of the IPL; however, many were unable to relate to any of the teams, although a large number simply supported Mumbai Indians because of the presence of Shaun Pollock. The timing worked in South Africa but the IPL did not overcome the power of Premier League football or rugby. In England, although the country's governing body did not allow its players to take part, the IPL was very popular with the Asian Population.
Snap polls indicate that more than 24 million people watched the telecast of the gripping IPL 2008 finals (Rajasthan Royals v Chennai Super Kings),more than 20 million people saw the Rajasthan Royals vs Delhi Daredevils match, whereas the second semi-final between Chennai Super Kings and Kings XI Punjab attracted an audience of 19 million.

Impact on the game
Twenty20 cricket in general has resulted in a more 'exposive', athletic form of cricket. As IPL, is one of the most popular sporting events of the year in India, youngsters playing the game have become aware of this fact too. While cricket teams throughout the country have become more professional in approaching fitness related training, there is strong anecdotal evidence to suggest that children playing the game are also becoming more fitness conscious (in line with the general trend of fitness interest in the country and across the world)
Revenue and profits
The Indian Government earned Rs 91 crore as tax revenue from the 1st season of the IPL.
Franchise earnings
The first season that concluded on 1 June 2008 was a huge success for the IPL. It should be noted that during the first season no one had expected the franchises to break even since most of them had paid huge amounts to buy the clubs, but the table below shows that some of them are already profitable from Season 1.


Franchise Revenues Expenses Profit/Loss (Rupees Crores)

Mumbai Indians

a. Broadcasting Rights - 35
b. Team Sponsors - 20
c. Gate Receipts - 14
Total Revenues(a+b+c) - 69
a. Franchise Fees - 45
b. Team Expenses - 20
c. Advertising & Admin - 20
Total Expenses(a+b+c) - 85 Net Loss - -16
Royal Challengers Bangalore

a. Broadcasting Rights - 35
b. Team Sponsors - 0
c. Gate Receipts - 10
Total Revenues(a+b+c) - 45
a. Franchise Fees - 48
b. Team Expenses - 22
c. Advertising/Admin - 18
Total Expenses(a+b+c) - 88 Net Loss - -43
Deccan Chargers

a. Broadcasting Rights - 35
b. Team Sponsors - 17 ;
c. Gate Receipts - 12
Total Revenues(a+b+c) - 64
a. Franchise Fees - 45
b. Team Expenses - 24
c. Advertising/Admin - 13
Total Expenses(a+b+c) - 82 Net Loss - -18
Chennai Super Kings

a. Broadcasting Rights - 35
b. Team Sponsors - 25
c. Gate Receipts - 12.8
Total Revenues(a+b+c) - 72.8
a. Franchise Fees - 36
b. Team Expenses - 24
c. Advertising/Admin - 13
Total Expenses(a+b+c) - 73 Net Loss - -0.2

Delhi Daredevils

a. Broadcasting Rights - 35
b. Team Sponsors - 20
c. Gate Receipts - 15.4
Total Revenues(a+b+c) - 70.4
a. Franchise Fees - 34
b. Team Expenses - 23
c. Advertising/Admin - 20
Total Expenses(a+b+c) - 77
Net Loss - -6.6
Kings XI Punjab

a. Broadcasting Rights - 35
b. Team Sponsors - 22
c. Gate Receipts - 9
Total Revenues(a+b+c) - 66
a. Franchise Fees - 30.4
b. Team Expenses - 25
c. Advertising/Admin - 13
Total Expenses(a+b+c) - 68.4 Net Loss - -2.4
Kolkata Knight Riders

a. Broadcasting Rights - 35
b. Team Sponsors - 34
c. Gate Receipts - 20
Total Revenues(a+b+c) - 89
a. Franchise Fees - 31
b. Team Expenses - 25
c. Advertising/Admin - 20
Total Expenses(a+b+c) - 76 Net Profit - +13
Rajasthan Royals

a. Broadcasting Rights - 35
b. Team Sponsors - 16
c. Gate Receipts - 8
Total Revenues(a+b+c) - 59
a. Franchise Fees - 27
b. Team Expenses - 13
c. Advertising/Admin - 13
Total Expenses(a+b+c) - 53 Net Profit - +6
• All Figures are in Indian Rupees crores (1 crore = 10,000,000 Rupees = 201,176 United States Dollars = 152,444 Euro on June 1, 2008)

Conclusion

Cricket as a game, particularly in the Indian sub-continent has glamour, money, popularity and even public emotions involved in it. The national teams have the eyes and ears of millions of cricket enthusiasts upon them. Cashing in on this is a vast economy spawned by cricket, which has grown phenomenally over the years.
India's own BCCI, considered to be the richest cricket association worldwide, has increased its profits from $ 1.11 to $ 7.64 million during 2004-05 and 2005-06. The various cricket governing bodies have their income coming from ticket sales, television broad-casting and sponsorships. Given the huge following of televised cricket in India (200 million in the 2003 World Cup); companies have been willing to spend huge amounts on advertising. Thus, not surprisingly, 85% of the sponsorship for the 2003 World Cup came from Indian companies! India's dominance in the commercial space is evident in the spectator strength, the advertisements, the official global partners for specific events and the sponsorships.
Forbes Magazine's valuation of the cricket boards in 2006 pegs BCCI's worth at $ 1.5 billion, while ICC was at a comparatively lesser figure of $ 200 million. While there are 10 test-playing members of ICC, India contributes more than 70% of revenue to the entire sport. The magazine reports: "Most sponsorships and broadcast rights come from India, and Indian tours make foreign boards rich."
Thus we can conclude that except being an exciting and interesting game for fans the game of cricket is more money generating and contribute a lot to the economy of the country.