Already feeling the heat by the Supreme Court and the Justice RM Lodha panel suggestions, things are not going well for the Board of Control for Cricket in India (BCCI). Now it’s once financial clout is also waning as the the ICC has come out with it’s revised revenue sharing model that will hit the BCCI hard.
According to various media reports , the embattled BCCI could to lose around $180-190 million (Rs. 1270 crore approximately) if the revised revenue sharing model floated by ICC chief Shashank Manohar is implemented, ESPNCricinfo reported.
It may be noted that the financial model proposed by former ICC chief and BCCI strongman N Srinivasan in 2014, BCCI were to receive $440-445 million (Rs. 2973.5 crore approximately) over eight years from 2015-2023, the report stated.
The revised model however has reduced the figure to around $255-260 million (Rs 1737.2 crore approximately) for the eight-year period.
The cut in India’s share is the highest among all the Test nations but despite the new model, BCCI will remain the highest earner.
Few days back at the ICC meeting in Dubai, it was agreed ‘in principle’ to implement the new model with most full member associations voting in favour of it. A final decision on the subject will be taken up only in April.
The ICC as of now had been operating under the ‘Big Three’ revenue model since 2014, that saw BCCI, ECB and Cricket Australia get a major chunk of the revenue as they generate majority of the world cricket body’s income.