BCCI rejects ICC's new revenue model
The feud between the BCCI and the ICC continued on Tuesday with the former rejecting the ICC’s $110 million offer in the proposed new format during the ongoing ICC meeting in Dubai. The BCCI, in no uncertain terms, have made it clear that they won't even consider the offer let alone discuss it.
The news was confirmed by a senior BCCI source present at the Dubai meeting and PTI quoted the source as saying, "Yes, ICC chairman Shashank Manohar gave us an offer of an additional USD 100 million in the new financial model. In fact, he gave us a deadline to get back to him. From our end, we won't get back to him as we don't even consider it an offer."
The source also mentioned the reason for the rejection, stating that the ICC is a members body and that Shashank Manohar despite being the chairman of the ICC did not have the authority to decide, which members get how much of the shares. "The offer came from Manohar. He is the chairman but ICC is a members' body and the chairman doesn't decide who gets what share of the pie. It's the members who decide. We are still working on the formula with all nations. They are receptive. Mr. Manohar doesn't decide what should be BCCI's share."
The new revenue model proposed by Manohar to the ICC sees India’s share in the ICC’s revenue being cut down considerably, from the current $579 million to $290 million and this something that the Committee of Administrators (COA) have found unacceptable. More importantly, the source explained what the ICC is trying to do with the new revenue model, wherein Manohar is trying to increase the share of other countries, by reducing India’s revenue.
"Let us take the example that BCCI were being paid Rs 500 and others are being paid Rs 100.
With regard to the solution, the source has sought the faith of other members in the revenue model that they propose. "We are assuring the member nations that even if our share remains Rs 500, we promise to create a model to increase their share to Rs 200. But please have faith that we can propose a revenue generation model."
The ongoing feud has meant that India
"Tell me one thing, if we name the squad, say for example on May 5, will ICC bar us from participation. We have a settled squad and naming it is a mere formality."
