The International Cricket Council (ICC), on Sunday, announced the prize money of the upcoming T20 World Cup and said that that the winners of the tournament will get a whopping USD 1.6 million while the runners up will be awarded USD 800,000. Also, the other two semi-finalists will be awarded USD 400,000 each after the completion of the event.
“The winners of the 2021 ICC Men's T20 World Cup will be awarded prize money of $1.6 million while the runners-up will take home $800,000. The two losing semi-finalists will be rewarded prize money of $400,000 each,” ICC said in a statement.
Additionally, the global governing body has also allocated a central revenue pool for all the participating countries and said that a total of USD 5.6 million will be shared equally among all the sixteen teams.
“The ICC will also continue to award a bonus amount for every win during the Super 12 stage of the tournament, as was the case during the 2016 edition of the tournament. The victors during all the 30 matches during the Super 12 stage will take home an amount of $40,000 — amounting to a total pot of $1,200,000.”
ICC has also announced a cash prize of $70,000 for those teams that will be knocked out in the Super 12 stage.
“The same set-up is in place to reward teams during their Round 1 victories, where again, they will be rewarded $40,000 during the 12 matches during the stage, totalling $480,000. The four teams which get knocked out during round one will get $40,000 each from an overall prize pool of $160,000,” the official statement said.
India are set to play their first match against arch-rival Pakistan on 24th October.