New Delhi: BCCI to receive USD 405 million from ICC as per agreed revenue sharing model. The Board of Control for Cricket in India (BCCI) is set to receive $405 million from the International Cricket Council (ICC) as per the agreed revenue sharing model, reported.
Earlier, it was reported that a disgruntled BCCI was set to accept the 100 million USD additional funding from the ICC. This is in addition to the 293 million that was offered by the ICC in April.
Based on current forecast of revenues and costs, BCCI was offered USD 293 million across the eight-year cycle, but India demanded more because it brought in the largest share of revenue for the ICC. England were offered USD 143 million, Zimbabwe Cricket USD 94 million and the remaining seven Full Members USD 132 million each.
Associate Members will receive a funding of USD 280 million. This revised financial model was passed by 13 votes to one. BCCI was the only one to object to the model, but seems to have come around.