Mumbai: The Board of Control for Cricket in India’s (BCCI’s) hopes of retaining the Big Three financial model have been dashed with the member boards voting against it at the International Cricket Council Board meeting in Dubai on Wednesday.
It is learnt the change in the financial model was passed 9-1 with only BCCI voting against it. The change in governance model was passed 8-2, with only BCCI and the Sri Lanka board voting against it.
The BCCI was represented at the meeting by the Board joint secretary Amitabh Choudhary.
The ‘Big Three’ model was put in place in 2014 under the ICC chairmanship of N Srinivasan. In that model, the India, Australia and England boards were to get the lion’s share of the ICC revenues, with the reasoning that they contributed a larger share to the ICC revenue. According to rough estimates, 70 % of ICC’s revenue is generated from the Indian market.
The Committee of Administrators led by Vinod Rai had advised the BCCI office-bearers to adopt a middle ground and accept a revised offer by Manohar, which would have given the BCCI an increased share of around 100m dollars in the eight-year cycle till 2023.