The BCCI will be getting USD 405 million according to the International Cricket Council’s income sharing model, which was agreed amid the apex body’s yearly meeting in London. Initially, the ICC had agreed to give USD 293 million however, after hectic negotiations, its chairman Shashank Manohar agreed to expand it by USD 100 million. Finally, it was decided that USD 112 million more will be given to BCCI from the previously agreed amount.
India is getting USD 266 million more than England, which will bring home USD 139 million.
Australia, Pakistan, West Indies, New Zealand, Sri Lanka and Bangladesh are getting USD 128 million each. Zimbabwe will get USD 94 million.
The income sharing model has been a bone of contention for BCCI as the world’s most powerful cricket board had requested USD 570 million, which was unacceptable to Manohar, himself a two-time previous Board president.
An Indian Cricket Board official revealed to a news agency that “the BCCI has agreed to the terms and conditions”.
The BCCI, in fact, lost 1-13 when it was brought to vote at a prior meeting.
However, BCCI is still getting 22.8 percent out of total income sharing of USD 1536 million.
The ECB gets 7.8 percent while the other boards are getting 7.2 percent. Zimbabwe is getting 5.3 percent.
While more than 86 percent is given to Full Members, the remaining is shared between the ICC’s Associate Members.