The International Cricket Council (ICC) has recently announced equal prize money for both men’s and women’s teams at ICC events. Consider that England won $1.6 million in prize money for winning the men’s T20 World Cup, while the Australian women’s team won $1 million for the same trophy. For example, the $150 million prize money in the Fifa Women’s World Cup, which began in Australia and New Zealand on Thursday, is a 300 percent hike over its 2019 edition. That’s a gap of $888,000; by 2021, that gap had increased to $1.25 million.The fight for pay parity has been a long and arduous one for women. The move was a precursor to the launch of the Women’s Tennis Association, the modern WTA, in 1973.A feisty King also forced the US Open to announce equal prize money for men and women in 1973.

Source: Forbes July 22, 2023 05:36 UTC