MUMBAI, May 16: The Indian team failed at the World Cup but its cricket board will receive $11.47 million as the guarantee money from the 16-nation tournament held in the Caribbean islands recently.

Niranjan Shah, Secretary Board of Control for Cricket in India (BCCI), said the board would receive the money from the International Cricket Council (ICC) for sending the team to the premier competition.

“The BCCI, along with other nine Test-playing countries, will receive $11.47 million from the ICC for the Indian squad’s participation in the World Cup,” Shah said. “The 15 players who went for the World Cup will also get a share from this money.”

Other nations to receive the same amount are the World Cup winners Australia, runners-up Sri Lanka, South Africa, England, Pakistan, Bangladesh, West Indies, New Zealand and Zimbabwe.— Agencies