The T20 World Cup will have a record prize fund this year. AP
The T20 World Cup will have a record prize fund this year. AP
The T20 World Cup will have a record prize fund this year. AP
The T20 World Cup will have a record prize fund this year. AP

How much prize money will T20 World Cup champions receive?


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The International Cricket Council have announced a record prize pool for the T20 World Cup that started last weekend.

T20 cricket has become the driving force of the game, mainly through franchise cricket, with Test cricket being championed by fewer teams each passing year and ODIs becoming almost an afterthought.

So it has come as no surprise that with billions of dollars riding on it, the T20 world champions will now stand to take home a bigger winners' cheque.

This year, the ICC have announced a record-breaking prize fund of $11.25 million.

The winners are set to receive at least $2.45m, which is significantly more than what last time's champions England received.

The runners-up are set to earn at least $1.28m, while the losing semi-finalists will take home $787,500 each.

Teams finishing lower in the table will also be rewarded, with every team also receiving an additional $31,154 for each match won, excluding the semi-finals and final.

Following the announcement, ICC chief executive Geoff Allardice said it was a significant moment in the game.

“This event is historic in so many ways, so it is fitting that the prize money for players reflects that," Allardice said in a statement. "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.”

However, the prize money on offer pales in comparison to what Argentina took home after winning the 2022 Fifa World Cup. Lionel Messi and his team earned a cool $42m for lifting the world title in Qatar, while runners-up France received $30m.

Even the Indian Premier League offers more money with fast bowler Mitchell Starc's annual contract with Kolkata Knight Riders worth almost $3m.

Explainer: Tanween Design Programme

Non-profit arts studio Tashkeel launched this annual initiative with the intention of supporting budding designers in the UAE. This year, three talents were chosen from hundreds of applicants to be a part of the sixth creative development programme. These are architect Abdulla Al Mulla, interior designer Lana El Samman and graphic designer Yara Habib.

The trio have been guided by experts from the industry over the course of nine months, as they developed their own products that merge their unique styles with traditional elements of Emirati design. This includes laboratory sessions, experimental and collaborative practice, investigation of new business models and evaluation.

It is led by British contemporary design project specialist Helen Voce and mentor Kevin Badni, and offers participants access to experts from across the world, including the likes of UK designer Gareth Neal and multidisciplinary designer and entrepreneur, Sheikh Salem Al Qassimi.

The final pieces are being revealed in a worldwide limited-edition release on the first day of Downtown Designs at Dubai Design Week 2019. Tashkeel will be at stand E31 at the exhibition.

Lisa Ball-Lechgar, deputy director of Tashkeel, said: “The diversity and calibre of the applicants this year … is reflective of the dynamic change that the UAE art and design industry is witnessing, with young creators resolute in making their bold design ideas a reality.”

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UAE currency: the story behind the money in your pockets
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France, UK, Canada, Australia, Portugal, Belgium, Malta, Luxembourg, San Marino and Andorra

 

What's in the deal?

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India will also cut automotive tariffs to 10% under a quota from over 100% currently.

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India expects 99% of exports to benefit from zero duty, raising opportunities for textiles, marine products, footwear and jewellery

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UAE currency: the story behind the money in your pockets
Updated: June 04, 2024, 2:37 AM