ICC Meeting | BCCI lose in both governance and constitutional changes and revenue model

BCCI's share of the cash pie will drop down to $290 million from $570 million as per the new financial module. According to some reports, the ICC offered to raise the BCCI's share to close to $400 million, but the game’s richest national body did not agree.

"Yes, the votings are over. It was 8-2 in favour of revamped revenue model and 9-1 in favour of constitutional changes," an unnamed BCCI functionary told PTI. "The BCCI has voted against both as we had, in principle, maintained that all these changes are completely unacceptable for us. At this point, we can only say that all options are open for us. We would have to go back to our SGM and apprise the members of the situation," he added.

It was thought that Zimbabwe and Bangladesh representatives were in India's favour but apart from Sri Lanka no one voted in support of India.

"Zimbabwe have been promised USD 19 million by the ICC. On what grounds has Manohar made this promise? But strangely Bangladesh also went the other way. Today at the meeting, Manohar, in fact, said that the USD 290 million is a 'take it or leave it' offer," the official said.

"Now at the SGM, there were only two resolutions passed. Our representative had two mandates. Propose for deferment of the decision which was rejected. And the next option was voting against during a floor test. Our aim was to protect India's interest. Our tone was extremely conciliatory at the meeting for the best interest of the game. But what was shocking was Mr Manohar's stance."

The discard has also left India's participation in the upcoming Champions Trophy in doubt. The BCCI, too, have missed the April 25 deadline to submit the Champions Trophy squad to the ICC.

On being asked if withdrawal from the quadrennial event was on the cards, the official said: "All options are open. They have basically disrespected the Members Participation Agreement that was earlier signed. As of now, the joint secretary will go back and an emergent SGM will be called. He will then apprise the General Body about the developments and an appropriate decision will be taken.

"The ICC is yet to tell us what is the basis on which a nation like Singapore stands to gain more. What exactly are the grounds? Can they explain how are they trying to cut down the Operational Costs of ICC which is USD 160 million?"