28 April,2017 09:33 AM IST | | PTI
A whopping cut notwithstanding, the BCCI will still get the biggest share in the new revenue model of the International Cricket Council (ICC), which set aside USD 293 million for India across an eight-year cycle
Dubai: A whopping cut notwithstanding, the BCCI will still get the biggest share in the new revenue model of the International Cricket Council (ICC), which set aside USD 293 million for India across an eight-year cycle.
In a major loss of face on Wednesday, the BCCI was out-voted in its opposition to the new model, which has ended up nearly halving India's share from the USD 570 million it was getting till last year. The Board had rejected an additional USD 100 million offer from ICC Chairman Shashank Manohar, refusing to accept the new revenue model. "Based on current forecasted revenues, BCCI will receive USD 293 million across the eight-year cycle, ECB (England) USD 143 million, Zimbabwe Cricket USD 94 million and the remaining seven Full Members USD 132 million each," the ICC said in a statement.
"Associate Members will receive funding of USD 280m. This model was passed 13 votes to one," it added.
The decision came at the end ICC's Board and Committee meetings. In addition to the revenue model, agreement on a new constitution to be put before the ICC Full Council was also reached. On this too, India had been out-voted in its opposition to dilute the Big Three structure.
A revised constitution was approved by 12 votes to two. It will now be presented to the ICC Full Council in June for adoption.
