ICC not to withold India's prize money from World Cup
The International Cricket Council said it will not withold India's prize money from the World Cup due to non-fulfilment of its original players' contracts by Indian cricketers.india Updated: Mar 22, 2003 22:25 IST
The International Cricket Councilon Saturdaysaid it will not withold India's prize money from the World Cup due to non-fulfilment of its original players' contracts by Indian cricketers.
But the payment of guarantee money to the Indian Cricket Board will be held back till the resolution of the contracts issue through arbitration process, ICC President Malcolm Gray told reporters after the Executive Board meeting of the world governing body.
The Indian cricketers had refused to sign ICC's Players' Terms agreement for the World Cup due to some restrictive advertising clauses. ICC was forced to relax the controversial clauses for the Indians to ensure their participation but a final resolution of the matter is pending before an arbitration panel.
India is to receive about 8-9 million dollars as guarantee money for playing in the World Cup. However, if the issue is resolved against the Indian Board, it stands to lose not only the guarantee money but is also liable to pay damages to ICC, failing which it faces suspension.
The two-day Executive Board meeting also decided to withold guarantee money to England and New Zealand for their decision to boycott a match each in Zimbabwe and Kenya respectively.
England is to recieve 3.5 million dollars while New Zealand's share is 2.5 million dollars.
Considering an extra-ordinary performance by Kenya, which became the first non-Test playing country to reach the semi- finals of the World Cup, ICC decided to advance by a year, the country's scheduled assessment for a possible Test status. The ICC was to decide on Kenya's application for a Test status in 2006 but now it would be done in June 2005.
First Published: Mar 22, 2003 22:13 IST