HomeSportWorld Cup leaves ZCU $1bn richer

World Cup leaves ZCU $1bn richer

Itai Dzamara

THE Zimbabwe Cricket Union (ZCU) grossed nearly $1 billion from the co-hosting of the ICC Cricket World Cup last year, IndependentSport has gathered.

, Arial, Helvetica, sans-serif”>The ZCU will make the announcement at its annual general meeting tomorrow.

However sources within ZCU this week said the union grossed hundreds of millions of dollars from the participation fees provided by the International Cricket Council (ICC) and South Africa for the co-hosting as well as revenue from admission fees.

Peter Chingoka, the president of the ZCU, confirmed that interim figures of proceeds from the World Cup would be released tomorrow.

“We have the interim figures which we have based on what we expect to get from the ICC and South Africa. We will release the figures at our AGM on Saturday.”

Before the World Cup the ZCU expected to receive US$7,8 million from the ICC by virtue of being a Test playing nation. South Africa was expected to provide R10 million to the ZCU for co-hosting the World Cup and merchandise.

The ZCU also hoped to gross about $5 million from admission fees.

South Africa requested Zimbabwe and Kenya to co-host the World Cup.

Zimbabwe hosted four Group A matches in Harare and Bulawayo with South Africa hosting the majority of the matches.

Although controversy dogged the World Cup as Zimbabwe’s political crisis caused some indignation and a fierce debate over the country’s co-hosting, the event was relatively successful. Only England refused to play in Zimbabwe. Pakistan, India and Australia all fulfilled their fixtures in the two cities.

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