Broward County to earn estimated $50M from T20 Cricket World Cup matches
Broward County stands to earn between $40 million to $50 million from the T20 Cricket World Cup matches subsequent yr.
The Worldwide Cricket Committee (ICC) final week introduced that the Broward County Stadium in Lauderhill will likely be one of many venues for the 2024 event, which is able to run from June 4 to June 30 subsequent yr.
The stadium will likely be one among three U.S. venues the place the ICC will host its males’s World Cup video games. The opposite two websites will likely be Eisenhower Park in New York and Grand Prairie Stadium in Dallas, Texas.
This may mark the primary time the T20 World Cup will likely be held in the USA, which is able to co-host the event alongside the Caribbean.
At a ceremony unveiling the announcement on Monday, county officers mentioned Broward stands to earn huge from the event.
“We’re seeing a world phenomenon. You bought 2.4 to five billion followers, if no more, they usually’re coming to the USA to observe cricket,” mentioned Dan West, director of Broward Parks and Recreation.
Cricket is the second hottest sport on the planet, behind soccer.
Broward County Commissioner Hazelle Rogers mentioned the event will convey roughly $40 million to $50 million in financial worth to the county.
The US as co-hosts with the Caribbean
The US will co-host the event together with nations within the Caribbean.
A complete of seven Caribbean nations completes the listing of host nations for the 55 video games: Antigua and Barbuda; Barbados, Dominica, Guyana, Saint Lucia, St Vincent and the Grenadines; and Trinidad and Tobago.
“We’re delighted to announce the seven Caribbean venues that can host the most important ICC Males’s T20 World Cup ever staged, with 20 groups competing for the trophy,” mentioned ICC Chief Govt Geoff Allardice.
“This would be the third ICC senior males’s occasion hosted by the West Indies, and the matches will once more give cricket followers the distinctive expertise of having fun with cricket within the Caribbean. I wish to thank Cricket West Indies and the seven host governments for his or her continued dedication and help of our sport.”
Cricket West Indies CEO Johnny Grave mentioned he’s grateful for the help of Caribbean governments in internet hosting the event.
“We’re grateful to the host Governments of the Caribbean for his or her overwhelming responses and enthusiasm for internet hosting what would be the most important sporting occasion held in our area for a technology.”
Grave added: “We’re assured that collectively we are going to ship a world-class event showcasing the perfect this area has to supply with our distinctive tradition and carnival environment that can guarantee there’s a actual celebration of the game subsequent June.”
Jamaica lacking out
Following the announcement of the venues for the World Cup, a number of Jamaican stakeholders and authorities officers voiced their issues and disappointment over Jamaica not being chosen as one of many internet hosting nations.
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The Jamaican authorities later defined that opted towards submitting an official bid to host video games at subsequent yr’s males’s T20 cricket World Cup as a result of it needed to “take note of the cost-and-benefit evaluation” as a consequence of “restricted assets” on the island.
Minister of Sports activities Olivia “Babsy” Grange mentioned “it wasn’t a straightforward resolution” however after contemplating “completely different permutations”, the federal government felt that Jamaica’s value of internet hosting World Cup matches would far exceed any potential advantages.
“We had been contemplating the price and supply of funding of practically half a billion {dollars} to host a number of video games in Jamaica,” Grange mentioned in a press release. “In our value/profit evaluation with stakeholders, we additionally thought-about the financial, social, and growth influence, together with the potential tourism-related influence and attendant trade advantages utilizing year-over-year financial modeling, reconciled towards present tourism efficiency.
“It was a sturdy train through which we thought-about completely different permutations together with the choice to not bid.”
The minister introduced that the federal government will likely be investing J$100M within the growth of youth cricket and cricket in faculties over the subsequent 5 years, along with their plans to rehabilitate and develop Jamaica’s sports activities infrastructure.