International Cricket Council (ICC) has on Saturday finally decided the new revenue sharing model in the apex body’s annual conference in London. According to the new model, Board of Cricket Control in India, world’s richest cricket board will get USD 405 million of ICC’s total annual revenue.
Initially, the ICC had agreed to give USD 293 million but, after BCCI’s strong protest, its chairman and two-time former BCCI president Shashank Manohar agreed to increase it by USD 100 million.
But the BCCI, which contributes around 70% of ICC’s total revenue, did not agree on the increased amount as well and in protest, the Indian board had not named its team for the recently concluded ICC Champions Trophy even after the last date was over.
India is getting the highest share of USD 266 million more than England, which will take home USD 139 million.
Australia, Pakistan, West Indies, New Zealand, Sri Lanka and Bangladesh are getting USD 128 million each. Zimbabwe will get USD 94 million.
The revenue sharing model has been a bone of contention for BCCI as the world’s most influential cricket board had demanded USD 570 million, which was unacceptable to Manohar.
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 percent out of total revenue sharing of USD 1536 million.