Summary BCCI will now receive US$405 million which is $112 million more than what was originally agreed
WEB DESK – At last the International Cricket Council (ICC) and The Board of Control for Cricket in India (BCCI) have agreed upon the terms and conditions of the new financial model under which the BCCI will receive a little over US$100 million more than what was agreed upon at the ICC Board in meetings in April by a vast majority of the members.
Under the new model being approved by the ICC Board on Thursday during the AGM in London, it was decided that the BCCI will now receive US$405 million which is $112 million more than what was originally agreed in the previous meeting and passed by nine votes to one in Dubai in April.
As per revised financial model, the BCCI will receive US$405 million and the English Cricket Board (ECB) US$139 million. Moreover, each of Cricket Australia, Cricket South Africa, Pakistan Cricket Board, New Zealand Cricket, Sri Lanka Cricket, Cricket West Indies and Bangladesh Cricket Board will receive $128 million.
It is worth mentioning here that the new figures represent a US$ 4 million drop for each of the eight boards, however Zimbabwe Cricket retains the same share that was presented to it in April i.e., $94 million.
