The ICC has, in principle, passed a new constitution that undoes much of the imbalance in power and finances the Big Three had attempted to create in 2014. But in practice it may require more negotiations, particularly on a new revenue-distribution model, before it becomes the new reality.
At the ICC Board meeting in Dubai on Saturday, a new constitutional and financial model received preliminary approval despite the BCCI having voted against it.
ESPNcricinfo understands Sri Lanka Cricket also voted against the new revenue distribution model prepared by the ICC working group lead by chairman Shashank Manohar, while Zimbabwe Cricket abstained; all other boards were in favour of the new deal.
A final decision will be taken by the ICC Board at the next round of meetings in April.
The ICC said the basis for the new financial model was developed based on certain “guiding principles” that included “equity, good conscience, common sense and simplicity” among others.”
However the BCCI, represented by Vikram Limaye who is part of the Supreme Court-appointed Committee of Administrators, voted against the proposed new constitution and revenue model. Explaining the reason for its stance, the BCCI said the Committee of Administrators, which was appointed only on January 30, had insufficient time “to take an informed view on the said proposal” and that there was “no scientific basis behind the percentage distribution allocation that was being proposed other than good faith and equity.”
According to the BCCI, Manohar then asked the ICC Board to vote for or against each of the proposals, which he said were the “base documents”.
Manohar, the BCCI said, asked the 13 members of the Board to suggest any changes between now and the next round of meetings in April, when the new model would be finalised before being ratified at the ICC annual conference in June.—Agencies