England, New Zealand and Sri Lanka have some money returned

England, New Zealand and Sri Lanka will have some of the money withheld by the International Cricket Council (ICC) after the ICC Cricket World Cup 2003 returned following a meeting of the ICCs commercial arm in Monaco today.

The monies to be returned are:

The decision comes after the Board of ICC (Development) International was briefed on the claim for compensation by its commercial partner, Global Cricket Corporation.

After examining the claim the Board was able to make an informed judgment on the likely maximum claims that would be made against these countries and it was apparent that these are unlikely to exceed the amounts withheld.

In relation to the money withheld from the India, the Board was not able to determine the likely maximum and as a result there was not the opportunity to return any withheld monies at this stage.

IDI President, Ehsan Mani, said that the specific nature of the issues relating to England, New Zealand and Sri Lanka allowed this decision to be made.

The nature of the claims allowed us to return money to three of our Boards, he said.

In relation to the Indian Board, it is not possible at this stage to assess the likely maximum claims and all countries made the prudent financial decision to continue to withhold the Indian Boards World Cup distribution at this stage.

The Board also confirmed its policy of not withholding members monies unless absolutely necessary.

After discussing the GCC claim, the IDI Board agreed to move forward by authorising management to finalise a comprehensive response to the GCC claim as soon as practicable.

Today's meeting concluded a week long schedule of meetings for the ICC that commenced last Sunday.

For further information

Brendan McClements
General Manager - Corporate Affairs
+44 7786 194 974