India came back from the brink to secure their first ICC trophy in more than 11 years by beating South Africa in the T20 World Cup final in Barbados on Saturday (Jun 29). The Men-in-Blue emerged victorious by seven runs as South Africa fell agonisingly short of the winning line.
Batting first, India posted a challenging total of 176 for 7 in the stipulated 20 overs after captain Rohit Sharma won the crucial toss. Virat Kohli (76) held the innings together while useful knocks from Axar Patel, Shivam Dube and Hardik Pandya allowed India to post the highest total in a T20 WC final.
How much prize money did India receive for winning the T20 World Cup?
Prior to the tournament, ICC, the global governing body of cricket and its chief executive, Geoff Allardice had stated that the 2024 edition was historic, primarily due to the bumper prize money on offer for the players and the teams.
“This event is historic in so many ways, so it is fitting that the prize money for players reflects that. Hundreds of millions of fans around the world will be entertained by the players in what we’re hoping to be an Out of This World event,” said Allardice.
As per ICC, India, the winner of the marquee tournament, received at least $2.45 million (Rs 20.42 crore) in cash money.
How much prize money did South Africa receive as the runners-up?
South Africa, playing their first final of a World Cup, managed to earn a whopping $1.28 million (Rs 10.67 crore) for their unbeaten run up until the summit clash.
How much did the losing semifinalists receive?
Both England and Afghanistan walked away with $787,500 (Rs 6.56 crore), despite missing out on a final berth.
Teams that did not advance past the Super 8 stage received $382,500 each while those finishing between ninth and 12th place pocketed $247,500 each.
As for the lower end of the table, teams finishing between 13th and 20th received $225,000 each.
| Teams | Money |
| Champions | $2.45 million (India) |
| Runners-up | $1.28 million (South Africa) |
| Losing semifinalist 1 | $787,500 (England) |
| Losing semifinalist 2 | $787,500 (Afghanistan) |
| Teams ranked 5th to 8th | $382,500 each |
| Teams ranked 9th to 12th | $247,500 each |
| Teams ranked 13th to 20th | $225,000 each |
India get the monkey off the back
The Indian team had been knocking on the doors of an ICC trophy for the better part of the last decade. However, the ultimate glory eluded them.
India came into the T20 World Cup 2024 on the back of a crushing loss in the final of the 50-over World Cup at home against Australia last year. While not many had predicted that India would go the distance in the tournament, the team led by Rohit Sharma finished the competition unbeaten and took home the trophy as well as the invincible tag.
BCCI secretary Jay Shah announces $15 million prize money for Team India after T20 World Cup win
The Board of Control for Cricket in India (BCCI) secretary Jay Shah has announced INR 125 crore or $15 million prize money for the team on winning the 2024 T20 World Cup title. India beat South Africa in a tense final on Saturday (June 29) to win their second T20 World Cup title. They had previously won the T20 World Cup in inaugural edition in 2007.
“I am pleased to announce prize money of INR 125 Crores for Team India for winning the ICC Men’s T20 World Cup 2024. The team has showcased exceptional talent, determination, and sportsmanship throughout the tournament. Congratulations to all the players, coaches, and support staff for this outstanding achievement!,” wrote Shah on his official X handle.
With the win, India became the first team to win a T20 World Cup title without losing a match. The win against the Proteas in the final was their eighth on the trot.
Before India, only Australia had won eight consecutive games in T20 World Cup albeit across two editions – in 2022 and 2024. India won three games in the Group Stage – against Ireland, Pakistan and the USA before the match against Canada was washed out.
In Super 8, India won all three games – against Afghanistan, Australia and Bangladesh. They then won the semifinal against England before winning the final against the Proteas.
South Africa had also won all their matches leading to the final before losing the final against India in 2024 T20 World Cup.
India are also now only the third team to have two or more T20 titles. Apart from the 2024 edition, India had won the inaugural T20 World Cup back in 2007 as well.
India had set South Africa 177-run target to win the 2024 T20 World Cup. India won the toss and elected to bat first in Barbados and scored 176/7 in 20 overs.
As for South Africa, they were ahead most of the time and needed 30 runs in last five overs with Heinrich Klaasen and Miller on the crease.
The chase derailed after Pandya dismissed Klaasen in 17th over and from thereon India came out as eventual winners, holding SA at 169/8.
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