LONDON: After months of negotiations, the Board of Control for Cricket in India has agreed terms on a revised revenue share model from the International Cricket Council that was inked at the ICC’s ongoing Annual Conference Week here Thursday.
It was agreed during the conference that the BCCI would be getting $405 million, $266 million more than England, which will take home $139 million.
The boards of Australia, Pakistan, West Indies, New Zealand, Sri Lanka and Bangladesh are getting $128 million each, while Zimbabwe will get $94 million.
Even $405 million is way off the $570 million the BCCI CLAIMS would have come its way if the “Big Three” financial model drawn up in 2014 had been adhered to.
In April, the Indian cricket board had rejected the ICC’s offer of $293 million for the 2016-2023 cycle and even spurned chairman Shashank Manohar’s top-up proposal of $100 million.
An Indian cricket board official told PTI that “the BCCI has agreed to the terms and conditions”.
The BCCI, in fact, lost 1-13 when it was brought to vote at an earlier meeting.
However, BCCI is still getting 22.8% out of total revenue sharing of $1.536 billion.
The ECB gets 7.8% while the other boards are getting 7.2%. Zimbabwe is getting 5.3%.
While more than 86% is given to full members, the remaining is shared between the ICC’s associate members.
Differences on key issues of governance may also have narrowed with Rajeev Shukla (a senior member of the board and an MP) playing a role in the impasse being broken, Calcutta Telegraph reported earlier.
