BRIDGETOWN (CMC) West Indies Cricket Board president, Julian Hunte is buoyed by the large payouts his organisation is likely to receive over the next five years.
Hunte said that the advent of the Stanford US$20 million match would be a much needed boon for the WICB finances, as they try to implement aspects of their strategic plan.
‘Financially, we stand to benefit some $33.5 million over a four, five-year period but the majority of that money will be contributed from the England and Wales Cricket Board and Stanford in what is called the Chance to Shine programme which really deals with trying to take cricket to the primary schools,’ Hunte explained.
‘This is a central aspect of your strategic plan so that it will help tremendously as far as rebuilding the infrastructure of our cricket, to get involved in that particular programme.’
Texan billionaire Sir Allen Stanford recently announced the Stanford Twenty20 for 20, which will see the Stanford All Stars clashing with England in a winner-takes-it-all match in Antigua on November 1.
The match, which will be staged at the same venue for the next five years, will see the 12 members of the winning team earning US$1 million each, while the WICB will also split a portion of the remaining US$20 million with the ECB.
Hunte said the WICB would also collect millions of dollars in license fees from Sir Allen for the tournaments in the Caribbean, which would further boost the organisation’s finances.