BCCI Receives 2600 Crores From ICC as Part of New Revenue Model

Following the spat between the ICC and the BCCI regarding the new revenue model, India accepted the terms after much negotiation from both parties. They will officially receive $405 million (roughly 2600 crores), which is more than what England receives (139 million). The Indian governing body had initially demanded a revenue of $570 million which was deemed unacceptable by Shashank Manohar, ICC Chairman.

At an earlier meeting to ratify the new model, India objected but lost the vote 1-13. But despite all this, the BCCI still benefits from the deal as they are entitled to 22.8% of the revenue share. the England Cricket Board comes next with a 7.8% share of the $1536 million. Since the BCCI is the most influential cricketing body, it obviously gets the lion’s share of the cricket boards’ revenue. While 86% goes to the ICC members, the remaining amount is divided among the associate members.

The amount was initially $293 million but the BCCI rejected that as well as a proposed $100 million extra, they even threatened to pull out of the Champions Trophy. Finally they managed to settle for $405 million