Butt miscalculated figure of compensation package

Karachi, Aug 31 (Inditop.com) Pakistan’s cricket chief Ijaz Butt was off the mark when he claimed last week that Pakistan will receive around Rs.1.5 billion ($18 million) from the International Cricket Council (ICC) after settling its 2011 World Cup dispute with the game’s governing body, sources said Monday.

The Pakistan Cricket Board (PCB) stands to gain about Rs.1 billion ($12 million) from its deal with the ICC that was struck in Dubai last week.

The settlement between the ICC and the PCB was reached following a meeting between ICC president David Morgan and PCB chairman Ijaz Butt in Dubai last Thursday.

However, sources said Butt quoted that figure under pressure from the newsmen, who were surprised when Butt initially said that Pakistan will get Rs.1 billion from the deal. This because Rs.1 billion is only slightly higher than the amount of $10.5 million which Pakistan would have got in any case as hosting fees for 14 of its World Cup matches.

Before making the deal with the ICC, Butt had claimed that Pakistan will get a substantial compensation for settling its court case with the ICC over the staging of the World Cup. The PCB had issued a legal notice to the ICC early this summer after the game’s governing body moved Pakistan’s share of matches out of the country because of security concerns.