After an emergent working committee meeting here, BCCI issued a statement saying its members had reviewed the new draft proposal prepared by a working group of the ICC's finance and commercial affairs committee and come to the conclusion that the proposed changes were "in the interests of cricket at large".
Controversially, though, BCCI also sought to link its participation in ICC events with the proposals being cleared, saying, "(The committee) authorized the office bearers to enter into agreements with ICC for participating in ICC events and host ICC events, subject to the proposal being approved in the ICC board."
The BCCI also said it had "formally approved the proposal of the working group, authorized office bearers to discuss bilateral matches with other full members (including Pakistan) and sign formal FTP agreements".
The draft proposals will be presented to the ICC executive board during its quarterly meeting in Dubai on Jan 28 and 29. It needs the support of seven of the 10 Full Member nations to be passed.
The BCCI is set to profit substantially if the new structure comes into place, since the 21-page draft proposes, among other things, a radical redistribution of cricket's financial pie, with the ICC's central revenue being distributed in proportion to the income generated by each board. In the current system, 75% of the ICC earnings are divided equally among the 10 Full Member nations, the rest going to associate members.
Ahead of negotiations for the next ICC commercial rights cycle from 2015 to 2023, the BCCI is keen on seeing that its share of the ICC pie reflects the fact that it generates approximately 80% of the game's global revenues. Under the current system, the BCCI currently gets around 4.2% of the ICC's current revenue-cycle generation of $1.5 billion.
"It (the proposal) is a recognition of India's involvement in cricket and revenue generation by India. We are asking for legitimate right and it will not shrink cricketing activity in any way," BCCI secretary Sanjay Patel told reporters after the meeting, adding: "It's a question of understanding, not a question of power game."
The proposal, which has drawn flak from Pakistan, Sri Lanka and South Africa, also seeks to introduce a two-tier Test system but exempts India, Australia and England from relegation, apart from removing the current system of Future Tours Programme (FTP) to pave the way for individually-negotiated bilateral contests.
Proposed changes
* New executive committee to be run by BCCI, CA and ECB.
* Promotion and relegation system in Tests with India, Aus and England exempted from relegation.
* ICC to be delinked from FTP in favour of individually negotiated bilateral contests.
* A maximum of 21% of ICC's revenues to BCCI since it generates almost 80% of the game's finances. Those who raise more money to get more of the share, which means England & Australia will follow India in bagging largest portions.
* Champions Trophy to make a comeback. Proposed Test Championship to be shelved.
* A new Test cricket fund will be set up to encourage countries to keep long-form cricket alive.
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