ICC confirms $10m prize; $4m to champs

The winners of the upcoming World Cup in England will receive a record $4 million for lifting the trophy, the ICC announced Friday.

In all a total of $10 million is on offer during the showpiece men’s one-day international tournament, which starts later this month and lasts 46 days.

As well as the champions’ pay-out, each team that wins a group stage match will receive $40,000, with the losing semifinalists collecting $800,000 and the runners-up banking $2 million.

Tournament hosts and favourites England, bidding to win the trophy for the first time, will open the World Cup when they face South Africa at The Oval in south London on May 30.

It will be the first fixture of a World Cup where all 10 teams will play each other in the group phase ahead of the knockout stages that will culminate with a final at Lord’s in northwest London on July 14.

Each team will receive $40,000 for winning each league match that they play in. Teams that make it past the league stage, into the semifinals, will receive $100,000.