BCCI set to lose about 1300 crores in ICC’s new model
With the ICC deciding to eliminate the "Big Three" revenue system, the BCCI now stands to lose over ₹1300 crore by over the next six years. The "Big Three" system allowed India, England, and Australia to earn more revenue than the rest, due to the amount of money they generated.
In a recent article, ESPNcricinfo has revealed the estimated loss of revenue is higher than the ₹1000 crores that Business Standard had calculated. The ICC revenue, for a time period of 2015-2023, is estimated to be in the range of US $2.5 billion to a maximum of $3 billion. In the previous system, the BCCI would have pocketed a $440-445 million (almost 3000 crores). However, under the new model, the BCCI is estimated to earn just $255-260 million (1700 crores).
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The previous model known as the 2014 "Big Three" financial model was based on the idea that contribution would ensure a higher payout. The BCCI, ECB and CA are responsible for generating the most amount of revenue - the BCCI received 17.6-18% of the share while the ECB and Cricket Australia followed with 5.8-6% and 4.4-4.6% respectively. In the new model, only the BCCI and ECB have taken hits on the revenue front while every other board has gone in the green as a result of the rule change. The BCCI will now earn just 10-10.2% of the revenue while the ECB will pocket 4.8-5% of the revenue.
Australia will earn a similar amount to what they were earning before - somewhere in the range of $110-115 million. All other Test-playing sides will now earn the exact same amount as Australia regardless of the amount of money that they bring to the table. Ireland and Afganistan will also benefit from the new system as they stand to earn around $50-55 million over the eight-year period.
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