BCCI bags whopping $230 million in ICC revenue share; PCB disappointed with less share
₹$34.5 million. PCB shared questions on the methodology of revenue distribution.
"PCB, in accordance with its constitutional right, has over the past few weeks and at the ICC Meetings, consistently sought additional information to better understand the rationale behind the allocation of weights to each of the criteria and the calculation of the distributions," the board said in a statement which was quoted by news platform NDTV Sports. "The PCB felt in the absence of all relevant information, data, and formulae, such a significant decision should not be taken in haste," the statement further read.
The proposal made by the PCB to delay the voting process for the model's approval until the next ICC meeting was not supported by other members. As a result, the ICC proceeded to finalize the model without the suggested postponement, the NDTV report said.
Despite the PCB's disagreement with the revenue model, it acknowledged the positive aspect that the board's earnings would increase significantly, almost doubling compared to the previous amount. "Ultimately, the majority of members did not find it feasible to defer this item and voted in favor of passing the Model, while the PCB recorded its dissent as a matter of principle," the statement added.
Read more on livemint.com
