New Delhi - India's
share of world cricket revenues was increased from $293 to $405 million
on Thursday, under a new deal agreed among other wide-ranging reforms
at a meeting of the game's global governing body in London.
The deal came after India protested a decision in April to divide
revenues more equitably among members of the International Cricket
Council (ICC) - a move which would have cost the Indian board a large
chunk of its funding over the next eight years.
In the new model, England will receive $139 million, while South Africa, Australia,
Pakistan, the West Indies, New Zealand, Sri Lanka and Bangladesh would
get $128 million and Zimbabwe $94 million.
The associate members along with Ireland and Afghanistan, the two
newly-promoted full members who were awarded Test status on Thursday,
will collectively receive funding of $240m.
India had threatened to withdraw from the Champions Trophy that began
in England on June 1 unless the revenue-sharing deal was restructured.
The deal drawn up in April was aimed at curbing the dominance of
cricket's wealthiest nations - India, Australia and England - with
more money flowing to minor Test nations and associate members.
"The ICC Board also unanimously agreed a new financial model, thereby
reversing the 2014 resolutions and giving greater equality in the
distribution of ICC income," said a release, terming the revenue
distribution cycle between 2016-2023.
ICC chairman Shashank Manohar, former BCCI chief, called it the "first step towards the ICC improving its governance".
"I would like to thank all ICC members for their commitment to
changing the constitution for the good of the global game," he said.
"Throughout this process we have shown the strength of a collective
and unified approach and I would like to pay tribute to my Board
colleagues who have been so determined to reach consensus.
"They (ICC members) have not focused solely on their own country but have ensured cricket around the world benefits," he added.
In other key decisions, the ICC introduced a female independent
director, opened up a deputy chairman's post and equalised voting among
members with a two-thirds majority necessary for a resolution to be
In addition affiliate membership has now been removed leaving only full and associate members.
The ICC members also voted to expel the United States of America Cricket Association following a series of disputes.
The ICC said it would now "establish a new governing body for cricket
in the USA that is capable of unifying the fractured cricket community
in that part of the world".