T20 World Cup prize money announced by ICC; winners to take away Rs 13 crore

Hyderabad: ICC has announced the prize money for the T20 World Cup finalists. The winning team in the final of the T20 World Cup, which would be held in Melbourne on November 13 will receive around Rs 13 crore ($1.6 million) as remuneration.

The runner-up team will get half of that i.e;  Rs 6.5 crore as prize money. ICC has recently announced this. This tournament will start on October 16 and will last for about a month. In all, 16 teams will compete for the trophy. While the total prize money is 5.6 million dollars, the losing teams in the semi-final stage will receive Rs 3.25 crore.

The teams that lose in the Super-12 stage will get Rs 56 lakhs. The teams, which lost in the first round will get Rs 32 lakhs. Among the teams participating in this tournament, eight teams i.e; Afghanistan, Australia, Bangladesh, England, India, New Zealand, Pakistan and South Africa will directly enter the Super 12. 

While eight teams--Namibia, Sri Lanka, Netherlands, UAE --are in Group-A-- while West Indies, Scotland, Ireland, and Zimbabwe are in Group B. They will play in the first round.