ICC confirms passing of revenue model, Indian interests worst hit

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With mighty India stranded at one end, the International Cricket Council at its five-day meetings of Board and Committee in Dubai passed a number of decisions, including a revised financial model. The resolutions, if adopted, will hit India the most. In addition, agreement on a new constitution to be put before the ICC Full Council was also reached.

Following the decision in February 2017 to reverse the 2014 resolutions, a revised financial model was presented to the Board and passed, says an ICC Press release.

Under the revised model the revenue distribution for the cycle 2016-2023 based on current forecast revenues and costs, BCCI will receive $293m across the eight year cycle, ECB $143m, Zimbabwe Cricket $94m and the remaining seven Full Members $132m each. Associate Members will receive funding of $280m. This model was passed 13 votes to one. India being the lone member to oppose it.

A revised constitution was also approved by 12 votes to two as Sri Lanka supported India to oppose the proposed amendments. It will now be presented to the ICC Full Council in June for adoption. The constitutional changes proposed include:
o The potential to include additional Full Members in the future subject to meeting Membership criteria

o Removal of the Affiliate level of Membership so only two categories; Full Member and Associate Member

o The introduction of an independent female director

o The introduction of Membership criteria and a Membership Committee established to consider membership applications

o The introduction of a Deputy Chairman of the Board who will be a sitting director elected by the Board to stand in for the Chairman in the event that he or she is unable to fulfil their duties

o Equal weight of votes for all Board Members regardless of Membership status

o All Members to be entitled to attend the AGM

Under the revised version that will be presented to the Annual Conference and in an effort to support existing Full Members, the potential for reclassification of Full Membership was removed. The Board acknowledged the need to sustain and grow the number of members competing at the top level.

ICC Chairman Shashank Manohar said: “This is another step forward for world cricket and I look forward to concluding the work at the Annual conference. I am confident we can provide a strong foundation for the sport to grow and improve globally in the future through the adoption of the revised financial model and governance structure.”
The board also made other notable decisions on cricketing, development and governance.

ICC Chief Executive David Richardson said: “It has been a very productive week. Progress has been made on a number of significant issues, in particular around international cricket structures. Efforts to find a solution, enhancing the context of international bilateral cricket and retaining the relevance of the international game, will continue.”

However, even as ICC has garnered full support at the meeting, India single-handedly can create many hurdles to these amendments. The country matters so much to the global cricket’s finances, that even if it is isolated in the board room, it will not be easy to isolate India on the competitive cricketing sphere. For, that can potentially upset all financial projections and development plans for global cricket.

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