The International Cricket Council (ICC) has approved a USD 12.82 million loan to Cricket West Indies (CWI) as part of its annual conference in Edinburgh, Scotland. The move comes as CWI faces severe financial strain, with audited results for the year ending September 30, 2025, showing an operating loss of USD 28.14 million, down from USD 23.12 million in 2024 profit.
Cricket West Indies Financial Crisis is a biggest concern for ICC as cricket roaring for Olympics.
Looking at current Financial Situation, Revenue fell sharply from USD 88.35 million in 2024 to USD 40.89 million in 2025 — a drop of over 53% after hosting 2024 ICC T20 world cup. While Tour and tournament costs rose from USD 36.85 million to USD 41.59 million. Major setback is from Cash reserves which plummeted from USD 17.47 million to USD 1.68 million, and total equity dropped from USD 46.22 million to USD 17.19 million. Besides all these figures CWI projects another USD 26 million loss in 2026 before returning to a USD 8 million profit in 2027.
The CWI board attributes these fluctuations to the cyclical nature of international cricket, where revenue depends heavily on the commercial value of tours, broadcast deals, and the global calendar.
Purpose and Conditions
The ICC stated the loan is intended to “support the Member Board”, but it has not disclosed the repayment period, interest rate, security arrangements, or conditions.
CWI’s audited report confirmed that ICC funding, alongside commercial bank credit facilities, will help bridge the projected funding gap.
This is not the first time CWI has sought ICC help; during the COVID-19 pandemic, it received a USD 3 million loan from the England and Wales Cricket Board, which was later repaid.
The loan is part of a wider ICC agenda that includes membership changes and the creation of new ICC subcommittees.
CWI’s Response
CWI CEO Chris Dehring welcomed the aid, calling it part of a long-term growth and development strategy aimed at strengthening financial and operational resilience.
He emphasized the need to position West Indies cricket for sustained success and relevance in a rapidly changing global cricket landscape.
The USD 12.82 million ICC loan is a lifeline for Cricket West Indies amid collapsing revenues and dwindling cash, with the hope that it will help stabilize operations and support recovery in the next two years.