India revenue share hiked to $405 million

MUMBAI: After being at the receiving end in the last couple of meetings of the International Cricket Council (ICC), the Board of Control for Cricket India (BCCI) has got better returns in the negotiations at the ICC annual conference in London.

As per the new revenue-sharing model approved by the ICC, the BCCI is set to receive $405 million from the ICC for the cycle 2016 to 2023.

Initially, the BCCI’s share was decided at $293m with ICC chairman Shashank Manohar offering an additional $100m in a compromise formula.

Even though the amount is less than the $570m that they were to get in the original ‘Big Three’ formula drawn by former ICC chairman N Srinivasan, the BCCI will be getting a sizeable amount more than the other member boards.

The England and Wales Cricket Board will receive $143 million, the second highestshare.

In other key decisions for the BCCI, they have been given a seat in the all-important Governing Council and the Strategic Working Group.

It was also announced that the FTP (Future Tour Programme) will be decided by each country on their own. It suits BCCI the most.

With the FTP in their control, they can decided when and whom they want to play.

It will allow them to negotiate better with the television broadcasters and more than make up for the deficit from the original share.