BCCI Not Game for ICC Proposal Board seen set to reject proposed financial model as it threatens to trim earnings by over 1k cr in 7 years
Mumbai: The Board of Control for Cricket in India (BCCI) is not going to accept the new financial model suggested by the International Cricket Council (ICC) that threatens to trim the board’s earnings by over .₹ 1,000 crore, or about 35%, in the next seven years.
A highly-placed source in the BCCI told ET that even if the ICC board has given in-principle approval to the new financial structure, the Indian board — under the Supreme Courtappointed committee of advisors — will prepare a case ahead of the final vote slated in April.
“There is no doubt over rejecting the model suggested by the ICC. We are not going to accept it. As our representative, Vikram Limaye has already expressed concerns. Given the fact that he did not get enough time to take an informed view on the proposal, we will create our presentation and put it very strongly ahead of the April 14 vote,” said the person.
BCCI is not thinking along the lines of pulling out of the upcoming Cham-
pions Trophy. “That would be a rash move,” another BCCI official. “We don’t want to take any such stance yet. But if needed, BCCI will not shy away from taking strong decisions either.”
The new financial model proposed by ICC chairman Shashank Manohar hampers the Indian board’s interest. With the current structure, India would have received about $450 million (over .₹ 3,000 crore) in the 2015-23 rights cycle. However, it is learned that BCCI’s earnings will be down to $290 million (.`1,948 crore) according to the proposed plan.
In principle, the ICC board voted in favour of passing the new financial model in Dubai on Saturday, when Manohar called for a vote despite BCCI’s reservations. However, BCCI sources suggest say the board is not affected by this vote and other member boards will support BCCI by the next round. To pass any resolution, ICC will need a three-fourths majority among the 10 members, which is an 8:2 majority in favour of passing the resolution. On Saturday, ICC could manage 7:2 majority after Sri Lanka Cricket was against and New Zealand board decided to abstain. “Even if four members oppose the resolution, ICC cannot go ahead with it,” said a source.
ADVISERS FACE FLAK
Meanwhile, a former BCCI administrator said the committee of advisers who represented BCCI at the ICC board meeting had “no clue” about negotiations. “BCCI and India are going to pay a big price in the form of losses of over thousands of crore,” said the former administrator.
Another administrator, who had had to vacate his position, said BCCI had agreed and implemented over 85% of the Lodha Committee’s recommendations and because of only four “impractical points,” it took a decision that will hurt the interest of cricket and the nation.
“What is the logic of putting a banker or a historian at the BCCI? What can they achieve that politicians can’t?” asked a third former administrator, hinting towards Limaye and Ramchandra Guha’s appointment to the committee.