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

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The Economic Times - - Companies: Pursuit Of Profit - Gau­rav.Laghate @times­group.com

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.

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