ICC hands massive ₹122 crore loan to Cricket West Indies - financial struggles explained

While the change in format of the Men's Cricket World Cup and Men's T20 World Cup took the headlines, the International Cricket Council (ICC) made several key decisions about their member boards during the recently concluded annual meetings in Scotland's Edinburgh, with a loan to help West Indies cricket team">West Indies cricket stand out.

The world cricket governing body revealed in a press release that they have sanctioned a loan of USD 12.82 million (₹122 crore) to Cricket West Indies (CWI). While the ICC did not reveal details, the announcement has come after CWI's financial statements revealed major losses in 2025 and forecasted the same for the year ending September 2026. The board's audited financial statement had called for a loan from the ICC.

"For the year ended September 30, 2025, the Group recorded a net loss of $28M, following a net profit of $23M for

the year ended September 30, 2024. The remaining two years of the cycle are forecasted to generate a net loss of

approximately $26M in 2026 and a net profit of approximately $8M in 2027, reflecting the cyclical nature of

international cricket revenues and expenditure patterns. The projected funding gap over this period is expected to be met through a combination of loan financing from the International Cricket Council (ICC) and commercial banking credit facilities. At the reporting date, the Group had no outstanding debt with financial institutions," said CWI's audited financial statements.

Other Decisions Taken By ICC

Meanwhile, the ICC also announced the formation of two new sub-committees. One is a 'Governance Review Committee,' which will be headed by BCCI secretary Devajit Saikia and also constitute of Dr Mohammed Moosajee (Cricket South Africa) and Dr. Ros Rivaz (ICC Independent Director). A franchise cricket committee was also established, which will be headed by former Bangladesh cricket team">Bangladesh cricketer Tanim Iqbal (current Bangladesh Cricket Board chief). Other members include Dr Rudie van Vuuren (Cricket Namibia), Devajit Saikia (BCCI), Richard Gould (England and Wales Cricket Board) and Todd Greenberg (Cricket Australia).

Meanwhile, Mauritius has been added as the 111th member of the International Cricket Council.