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ICC announces review of Big-3 restructuring


Ironhide

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New update - 

Before Srinivasan became ICC chairman in June 2014, BCCI, like nine other full members, used to get 3.39% of the world body’s profits. It became 22.37% when ICC headed by Srinivasan increased the share of the ‘Big Three’ on the ground that they generate a major chunk of revenues. This entitled BCCI to $570.5 million or Rs 3822 crore for the 2015-23 cycle. The first part of it is due this year. Manohar’s proposal that this be reduced to 16% is expected to be opposed by several members at the meeting in Mumbai. ...
While there are members supporting Manohar on this, they seem to be in the minority. “If I am given a good hike, how will it feel to take a cut immediately? The board’s situation is similar. We’ve to see if we are ready to part with Rs 1000 crore. As far as I know, many are against this,” said an association head on condition of anonymity.

http://www.newindianexpress.com/cricket/news/Proposal-of-Rs-1000-Crore-Cut-in-ICC-Profits-Stumps-BCCI-Units/2016/02/17/article3281268.ece

Most likely, this 6% will go down to 2-3%. However, it will be interesting to see who gets this 2-3%.

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