The Board of Control for Cricket in India is set to lose $165 million according to the International Cricket Council’s new revenue sharing model. The BCCI will now receive $405 million, as opposed to the $570 million it used to draw earlier, reported PTI.
The BCCI suffered a big blow in April when eight ICC member states voted in favour of the new revenue model, as opposed to only two against it. The Indian cricket board also lost by a 1-9 margin when it came to the proposal on governance and constitutional changes.
According to the new revenue sharing proposal, England will be earning $139 million, while Australia, Pakistan, West Indies, New Zealand, Sri Lanka and Bangladesh will get $128 million each.
Earlier, it was announced that the BCCI would draw only $293 million from 2016 to 2023. However, ICC chairman Shashank Manohar then proposed an additional $100 million for the BCCI, which they rejected and even threatened to pull out of the Champions Trophy. Finally, it was decided that $112 million more will be given to BCCI from the previously agreed amount.