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ICC to hand over WC money

AFP, London
ICC to hand over
WC money
England, New Zealand and Sri Lanka will all receive part of the money withheld by the International Cricket Council (ICC) for World Cup contract infringements, the governing body said in a statement Friday.
But India's World Cup payment, estimated at between 8 to 9 million dollars for all major cricket nations, is to be withheld.
India's players refused to sign the standard tournament contracts because they were unwilling to surrender control of their personal endorsement and image rights.
India was, and remains, a major commercial market for all the official World Cup backers and, by extension, tournament broadcasting and sponsorship rights holders Global Cricket Corporation (GCC), who are taking action against the ICC.
England and New Zealand were penalised for refusing to play World Cup matches in Zimbabwe and
Kenya respectively on safety grounds.
Meanwhile Sri Lanka had money withheld after they missed the ICC deadline for returning signed player contracts.
England will have 1.5 million dollars of their witheld 3.5 million dollars payment returned with New
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Zealand being given 500,000 dollars of the 2.5 million dollars retained.
Sri Lanka will receive all of the 500,000 dollars withheld from their board.
The decisions on returned payments were reached by a meeting of the ICC's commercial department in Monaco on Friday.
In a statement Ehsan Mani, who took over as ICC president at the annual meeting at Lord's earlier this week, said: "The nature of the claims allowed us to return money to three of our boards.
"In relation to the Indian Board, it is not possible at this stage to assess the likely maximum claims," Mani, formerly Pakistan's ICC representative added.
"All countries made the prudent financial decision to continue to withhold the Indian board's World Cup distribution at this stage."