BCCI to receive USD 405 million in new revenue sharing model

The Indian board will get the largest slice of the revenue pie across an eight-year period.

BCCI had opposed the initial proposal for a compensation of USD 293 million.

The BCCI will get USD 405 million as per the International Cricket Council's revenue sharing model which was agreed during the apex body's annual conference in London.

Originally, the ICC had agreed to give USD 293 million but, after hectic negotiations, its chairman Shashank Manohar agreed to increase 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 take 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 revenue sharing model has been a bone of contention for BCCI as it had demanded USD 570 million, which was unacceptable to Manohar, himself a two-time former board president.

A BCCI official told PTI that "the BCCI has agreed to the terms and conditions".

The BCCI, in fact, lost 13-1 when it was brought to vote at an earlier meeting. However, BCCI is still getting 22.8 percent out of total revenue 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.