KARACHI: Majority of the full members of ICC outvoted BCCI’s position on the newly proposed constitution of ICC to abolish the infamous “Big 3” model.
The only support India got in the ICC meeting in Dubai during voting on a new constitution, was from Sri Lanka, that too only for the governance changes. No one supported BCCI’s stance on the financial model.
After the voting, the proposed constitution of ICC got 9-1 approval on financial model and 8-2 approval on governance change in the existing ICC structure, which means elimination of the big-three model.
According to the newly approved financial model, BCCI’s share from ICC revenue is now cut short to around $293 million from its demand of $570 million.
It was earlier reported that the BCCI had rejected an additional USD 100 million payout in revenue, it was once again given the original option of USD 293 million which is a USD 277 million cut from the USD 570 million India had been getting till last year.
The new constitution, however, needs to be ratified at ICC’s annual conference in June for the final approval and implementation.
Reports emerging from the Indian media are indicating that BCCI is frustrated at the decision and looking into “various options” to protect “India’s interest” in ICC.
Few reports have linked India’s delay in announcing the squad for ICC Champions’ Trophy with the on-going situation.
According to Members’ Participation Agreement, delay in announcing squads doesn’t directly threaten the participation of any team.
Nevertheless, ICC is in discussion with BCCI to ensure that it meets the Members’ Participation Agreement obligations.
There was no official comment from the International Cricket Council on these developments till late Wednesday night. An official press statement from the ICC is expected on Thursday afternoon.
