Monday, April 4, 2011

‘World Cup semi-finalist’ Pak team richer by over a million dollars

Islamabad, Apr 4(ANI): Members of the 15-man Pakistan cricket team have become richer by over a million dollars due to their stupendous show in the World Cup, where they were knocked out in the semi-finals stage by eventual champions India. 

According to the Daily Times, the Pakistani team scooped up net prize money of 1.05 million dollars.

The prize money includes rewards for Pakistan's five wins in the group matches for each of which they won 60,000 dollars, and 750,000 dollars for reaching the semi-final of the tournament. 

The International Cricket Council will pay the prize money to the Pakistan Cricket Board (PCB), which will distribute it among the players and officials. 

The six-week tournament, which was held on the Indian sub-continent, also promises a financial boost for the PCB, which had lost the hosting rights in 2009, shortly after militants attacked the Sri Lankan cricket team in Lahore. 

The PCB will also be richer by around eight million dollars, which was assured to them for being the co-hosts. 

"The money from the World Cup will definitely improve our financial health as we have already lost out on a lot of estimated revenue due to India's refusal to tour Pakistan in early 2009 for a bilateral series. We have also been forced to play our last few "home" series abroad at neutral venues," a PCB official said.

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