BCCI rejects ICC's offer of ?642 crore to resolve dispute
ICC President Shashank Manohar has reportedly offered BCCI an additional $100 million (?642 crore) to make them accept their new financial model, which the Board had rejected earlier. BCCI is opposing ICC's suggested move of scrapping the Big Three revenue model, which reduces India's share by almost ?1,000 crore in the 2015-2023 cycle, thereby increasing the share of other Boards.
In a major development the International Cricket Council (ICC) has offered the Board of Control for Cricket in India (BCCI) an additional USD 100 million to resolve the stand off brewing on the financial redistribution model.India are still keen on going back to the original share and politicking is going on. The final decision is expected to be taken on Wednesday in the ICC Board meeting. India Today has learnt that the decision to offer BCCI was taken at chief executives meeting. (Rahul Johri, Amitabh Choudhary to represent BCCI at ICC meet on April 24)