The BCCI and Int'l Cricket Council "finally reached an agreement on a new finance model," according to Nagraj Gollapudi of ESPN.com. The "bare facts" are the BCCI will receive "a little over" $100M more than what was agreed upon by a "vast majority" of the ICC board in meetings in April and "most of the other boards will receive marginally less." Under this model, approved by the ICC board on Thursday, the BCCI will receive $405M, $112M "more than in the original model, which was passed by nine votes to one in Dubai in April." In the final model, figures are based on the ICC earning $2.7B in the new rights cycle from '16-23. After "various ICC expenses and costs are taken out," the net surplus is $1.78B. Of this amount, full members will receive $1.54B and associates $240M. Out of the full members' share, the BCCI will receive $405M and the England & Wales Cricket Board $139M. Cricket Australia, Cricket South Africa, Pakistan Cricket Board, New Zealand Cricket, Sri Lanka Cricket, Cricket West Indies and Bangladesh Cricket Board will each receive $128M. Those figures represent a $4M drop for each of the eight boards. Zimbabwe Cricket retains the same share that was presented in April -- $94M. The total reduction of the eight boards -- $32M -- as well as a $40M cut from the associates' share ($280M in April) has "likely gone some way to making up the BCCI's increase." Though all sides will "have breathed a collective sigh of relief," the BCCI will feel "especially pleased" (ESPN.com, 6/22). The PTI reported the revenue sharing model has been a "bone of contention" for the BCCI as the "world's most influential cricket board" demanded $570M, which was "unacceptable" to ICC Chair Shashank Manohar, a two-time former board president. The BCCI "lost 1-13 when it was brought to vote at an earlier meeting." However, the BCCI is still getting 22.8% of total revenue sharing (PTI, 6/22).
