Dec 4, 2013
The Board of Control for Cricket in India (BCCI) is set to get 75 per cent of the revenue generated from International Cricket Council (ICC) events. The board had demanded for a greater share since their contribution is larger than other members. Once approved, the change is likely to be implemented for the 2015 to 2023 period.
According to a report in Indian Express, the member boards agreed in principle to do away with old revenue sharing method where profits where shared equally among members.
“We’ve been working on this for a while and are close to reaching a formula,” a BCCI official was quoted by the newspaper. The matter is likely to be brought for discussion under the finance and affairs committee of ICC. BCCI president N Srinivasan is a member of the committee along with Giles Clarke and Chief Executive Dave Richardson.
However, the disappointment among other boards was visible. “We have no options. The amount of money that comes from ICC every year is big but most boards don’t want to spoil their relationships with the BCCI. We saw what happened to the South Africa series; the CSA lost millions of dollars after the India tour was cut short. India brings huge money with it and a bilateral series provides a major chunk of money,” an official from a full member nation was quoted as saying.
Earlier, speaking to the media at the ICC Awards nomination’s ceremony in Mumbai, BCCI Secretary Sanjay Patel had said, “As a member of the ICC, BCCI has raised this issue for the first time. President N Srinivasan has put up a legitimate right.”
Also on cricketcountry.com