The prize money for the first World Test Championship has been announced by the International Cricket Council (ICC) on Monday.
The ICC said that the winner of the ICC World Test Championship (WTC) final between India and New Zealand will take home the prize money of USD 1.6 million along with the ICC Test Championship Mace which concludes with the historic final, starting June 18 in Southampton.
“The losing team will get $ 800,000 for finishing second in the nine-team competition, which was played over a near two-year cycle, adding context to Test cricket and to crown the first official world champions in the longest format of the game,” the ICC said.
“The prize money for the team finishing third in the ICC World Test Championship Standings Powered by MRF Tyres is $ 450,000. The team fourth on the table will be awarded $ 350,000, the one that finishes fifth gets $ 200,000 while the remaining four teams will get $ 100,000 each,” it added.