LAHORE: Pakistan and India are expected to get over $10 million each as profit from the Sixth World Cup Cricket Tournament hosted jointly by the two countries along with Sn Lanka. The overall profits are estimated to be around $21 million. Both the countries have already received $6.5 million, each.

Pakistan Cricket Board (PCB) Finance Adviser Mujahid Eshai, who recently visited India to discuss and verify the finances of the Pakistan India Lanka Committee (PILCOM) said recently, that the proposed visit of the Board of Control for Cricket in India (BCCI) representatives I. S. Bhindra and J. Dalmia to Pakistan this month had to be cancelled due to the preoccupation of the two officials in their own country.

While replying to a question, Mujahid Eshai said that the Pakistani contingent to, take part in the International Cricket Council (IGG) meetings and PILCOM deliberations for the finalization of accounts of the Sixth World Cricket Cup consists of the following PCB officials: Chairman Syed Zulfigar Ali Bokhan, Chief Executive Majid Khan. Treasurer Salman Taseer, President’s Adviser on Cricket Javed Burki, Finance Adviser (Mujahid Eshai himself). These meetings will resolve all the issues pertaining to the funds involved in the organization of the World Cup.

Salman Taseer and Javed Burki are members of PILCOM. Majid Khan is treasurer, replacing Arif Abbasi.

 

Jagmohan Dalmia is Secretary and Syed Zulfigar Ali Bokhan chairman of PILCOM, ICC Chief Executive David Richards will also attend the first PILCOM meeting. Its Secretary and Treasurer will present their reports in the meetings.

PCB Finance Adviser said that the total estimated revenue of PILCOM was over $40 million. Major contributors (about 50 per cent) in that were the TV sales. Besides the main sponsors—Indian Tobacco Company (ITC) had contributed eight million pounds (about $13 million). The sub sponsors Coca-Cola contributed $3.69 million.

The rest of the amount was contributed by sub sponsors and ground advertising etc. While replying to a question Mujahid Eshai said that the total expenditure of the World Cup was $18.5 million. So the expected profit was $21.5 million. Giving details of the expenses, he said that TV production cost S 4 million.

Article extracted from this publication >>  July 3, 1996