BCCI win revenue battle against ICC, will receive $405 million
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The BCCI will now earn an amount of $405 million as per the ICC’s new revenue sharing model which was finalized during the ICC AGM in London today. Originally, BCCI's share had been cut down to $290 million from $570 million but, after rigorous negotiations, the ICC agreed to increase it.
So, now, the Indian board will get $ 266 million more than England, which will take $139 million from ICC’s purse and is the second-highest paid among all the teams. Australia, Pakistan, West Indies, New Zealand, Sri Lanka, South Africa and Bangladesh will take home $128 million each and Zimbabwe will get the least among all the full members as the ICC agreed to give the African minnow a share of $94 million.
The new model has been welcomed by the BCCI, which had gone toe-to-toe with the parent body over the issue.
"This can be seen as a victory for the BCCI. The board is always working towards the best interest of Indian cricket and this outcome was possible because of the hard work of the board," an unnamed official told Cricketnext.
In the earlier ‘Big Three’ revenue model, in which India, Australia, and England used to get the maximum share, the BCCI used to get USD 579 million from the ICC. But based on the costs shared by the ICC at the announcement of the new model last year, the BCCI was to receive $293m in the eight-year cycle. However, after strong opposition by the Indian board, ICC president Shashank Manohar offered an extra USD 100 million as negotiation.
The BCCI, though, will still get 22.8 percent out of total revenue with the ECB being the second which gets 7.8 percent while the other boards are getting 7.2 percent each. Zimbabwe is getting the lowest 5.3 percent. While more than 86 percent is given to Full Members, the remaining is shared between the ICC’s Associate Members.
