The BCCI has confirmed India will participate in the forthcoming ICC Champions Trophy, ending speculation they would withdraw from the tournament.
India will participate in next month's Champions Trophy in England and Wales, the country's cricket board (BCCI) said after a special general meeting on Sunday. Find us on Facebook too!
Unimpressed by the $293 million forecast, down from the $570 million it would have received under a 2014 arrangement, the BCCI responded by refusing to name a squad for the June 1-18 eight-team competition.
In the wake of the ICC proposing a new financial model which reduces the BCCI's revenues from United States dollars 570 million to USD 293 million, the latter had deliberately missed the April 25 deadline for submission of the squad and that there were speculations that they might pull out of the tournament.
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The COA had made it clear to the state associations through a letter that it will be forced to move the Supreme Court if the members took any decision which was against the interest of Indian cricket at the BCCI SGM on Sunday.
The CoA, however, reiterated that India will take part in the Champions Trophy and continue to negotiate with the ICC to increase its share from the world governing body's revenue. The ICC Board had approved a new constitution, a new governance structure, and a new finance model, with the other Full Members outvoting the BCCI. You are aware that the squad representing India at the ICC Champions Trophy 2017 was to be submitted by 25th April 2017 but the squad has not even been selected as yet.
Earlier, the Committee of Administrators - appointed by the Supreme Court - had asked the BCCI against taking a strong stand as that would hamper future relation between the ICC and the BCCI.
Cricket's massive popularity in India has helped the BCCI become by far the wealthiest of all of cricket's national boards, netting massive money from sponsorship and TV deals.