The International Cricket Council (ICC) has announced an unprecedented prize fund for the 2024 T20 World Cup, with the winning team set to receive the highest prize amount in the tournament’s history. Following an intense final, India’s cricket team, led by Rohit Sharma, clinched the ICC Men’s T20 World Cup title against South Africa by a narrow margin of 7 runs. Here’s a breakdown of the substantial prize money awarded to the world champions and other participating teams.
India became the first squad to win the men’s T20 World Cup without losing.
The Indian men’s T20 World Cup team became the first to win the competition without dropping a single match. With the exception of one elimination match—a first-round matchup with Canada—India won all eight of their tournament matches.
India’s Grand Prize for T20 World Cup Victory
India, the triumphant team of the 2024 ICC Men’s T20 World Cup, received a staggering $2.45 million in prize money. This equates to an impressive 20.42 crore. The ICC confirmed that this is the minimum amount the winning team would receive.
Tournament Structure and Final Match
The 2024 T20 World Cup commenced with 40 matches in the first round, progressing to the Super 8s, followed by the semi-finals held in Trinidad and Tobago and Guyana. The grand finale took place at the Kensington Oval in Barbados, where India was crowned the champions.
Total Prize Fund for the Tournament
The ICC allocated a record-breaking $11.25 million, approximately ₹94 crore, as the total prize fund for the 2024 Men’s T20 World Cup. ICC Chief Executive Geoff Allardice commented, “This event is historic in so many ways, so it is fitting that the prize money for players reflects that. Hundreds of millions of fans around the world will be entertained by the players in what we’re hoping to be an out-of-this-world event.”
Prize Money for South Africa and Other Teams
South Africa, the runners-up of the tournament, earned $1.28 million, or ₹10.6 crore, in prize money. The losing semi-finalists, England and Afghanistan, each took home $787,500, which is ₹6.56 crore.
Teams that did not advance past the second round were awarded $382,500 (₹3.19 crore) each. Those finishing between ninth and twelfth place received $247,500 (₹2.06 crore) each. Teams ranking from thirteenth to twentieth place each earned $225,000 (₹1.87 crore). Additionally, every team received an extra $31,154 (₹2.59 crore) for each match won, excluding the semi-finals and finals.
The 2024 ICC Men’s T20 World Cup has set a new benchmark with its record-breaking prize fund, highlighting the increasing prestige and financial rewards associated with the tournament. India’s victory, coupled with the significant financial incentives, underscores the growing competitiveness and global appeal of T20 cricket.
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