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Revised Financial Model passed and New Constitution agreed

[caption id="attachment_39854" align="aligncenter" width="580"] ICC Chairman Shashank Manohar has been successful in passing the Revised Financial Model at the ICC Board meeting in Dubai.[/caption] Internet Desk: The International Cricket Council (ICC) on Thursday concluded its Board and Committee meetings in Dubai with a number of decisions passed, including a revised financial model. In addition, agreement on a new constitution to be put before the ICC Full Council was also reached. Meanwhile, following the humiliation at the ICC meeting the BCCI is mulling non-participation in the forthcoming Champions Trophy in June. Following the decision in February 2017 to reverse the 2014 resolutions, a revised financial model was presented to the Board and passed. The Board appointed a working group which proposed the model has continued to be guided by the following principles:

• Equity
• Good conscience
• Common sense and simplicity
• Enabling every Member to grow
• Revenue generated by Members
• Greater transparency
• Recognition of interdependency amongst members that cricket playing nations need each other and the more strong nations they are, the better for the sport

As such the revenue distribution for the cycle 2016-2023 will be as follows: Based on current forecasted revenues and costs, BCCI will receive $293m across the eight year cycle, ECB $143m, Zimbabwe Cricket $94m and the remaining seven Full Members $132m each. Associate Members will receive funding of $280m. This model was passed 13 votes to one. In its earlier revenue model proposed by the big three the BCCI was earning $571.5m. Below is the revenue structure proposed by the big three. A revised constitution was also approved by 12 votes to two. This takes into account the Board’s feedback following extensive discussion at the February meeting and further input from the working group.  It will now be presented to the ICC Full Council in June for adoption. The constitution reflects good governance, expands on and clarifies the roles and objectives of the ICC to provide leadership in international cricket. ICC Chairman Shashank Manohar said: “This is another step forward for world cricket and I look forward to concluding the work at the Annual Conference. I am confident we can provide a strong foundation for the sport to grow and improve globally in the future through the adoption of the revised financial model and governance structure.” Other major decisions taken at the meeting include:

• Work on bringing more context to international bilateral cricket is ongoing with the matter discussed at the Chief Executives’ Committee and in an additional workshop. The ICC Board noted the collective will to resolve the current calendar congestion in order to bring a clear framework to all three formats.
• The ICC Board has considered an update following the ICC delegation to the PSL final in Lahore as part of its commitment to support the return of international bilateral cricket to Pakistan as long as it is safe for players, officials, media and fans.
• The feasibility of further matches in Pakistan involving a World XI is now being considered from a security and budget perspective.
• The eight top ranked ODI teams competing in the second edition of the Women’s Championship commencing later this year, will be required to play a fixed set of three ODI fixtures against each of the other teams. The Women’s Committee has also recommended that any additional matches played (up to five) should be T20Is in recognition of the role the format can play in the growth of the game.
• It was agreed that a separate rankings system for Women’s ODI and T20I cricket be developed with the latter being fully inclusive of all international teams playing that format.
• The principles behind a revised ICC World T20 2020 global qualification structure were endorsed by the Development Committee and ICC management will now develop a more detailed proposal for consideration at the ICC Board in June.