Indian board was the only member to object against a new financial model<\/p>\n
Dubai
\nThe ICC\u2019s new constitution moved a step closer to reality on a dramatic late afternoon in Dubai, as cricket\u2019s Full Members exercised their collective will to outvote the BCCI.
\nThe Indian board was the only member to object against a new financial model and was one of the only two countries to vote against the new governance changes. The finance model received a 9-1 vote in favour, while the governance structure was passed by an 8-2 margin.
\nIt is understood that the second Full Member who voted against the governance changes had actually sought more time to gain clarity on certain proposals.
\nThe BCCI was alone in the opposition, after its office bearers – the secretary Amitabh Choudhury and treasurer Anirudh Chaudhry – had rejected the ICC\u2019s settlement offer worth approximately $400 million – $100 million more the proposed $290 million – on Tuesday. The Indian board wanted $570 million, the share it was getting under the Big Three model.
\nThe settlement offer had been made by ICC chairman Shashank Manohar to Amitabh Choudhury. Manohar was the head of the ICC working group that had prepared the proposed constitution, which comprises the finance and governance structure models.
\nThe BCCI then approached most of the major Full Members with a counter offer: it gets $570 million but none of the other Full Members get anything less than what was stated in the new constitution.
\nThe other Full Members rejected the BCCI\u2019s offer, leaving Choudhry and Chaudhry in a tight position on Wednesday morning, hours before the ICC Board meeting. \u201cThe alternative left for them was to adopt the middle ground,\u201d an official present in Dubai said. The BCCI was told that it would do well to consider Manohar\u2019s offer. \u201cIt is INR 700 crore, and they were told to consider hard before making a move.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Indian board was the only member to object against a new financial model Dubai The ICC\u2019s new constitution moved a step closer to reality on a dramatic late afternoon in Dubai, as cricket\u2019s Full Members exercised their collective will to outvote the BCCI. The Indian board was the only member to object against a new […]<\/p>\n","protected":false},"author":1,"featured_media":16921,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":{"0":"post-16905","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-sports"},"yoast_head":"\n