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BCCI gets new ICC financial model discussion postponed

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MUMBAI: At the ICC Board meeting today in Dubai on Friday, there was an agenda item for discussion on a proposed new financial model and governance structure of the ICC.

The BCCI representative, Vikram Limaye, expressed his concern over both the documents especially in light of the insufficient time available to the (India's) Supreme Court-appointed committee of administrators to take an informed view on the said proposal, and also there being no scientific basis behind the percentage distribution allocation that was being proposed other than "good faith and equity”.

Limaye requested that both proposals be taken up at the next ICC board meeting in April 2017.

The ICC Chairman requested each member to vote for / against these proposals being base documents, to be taken up for final approval in April 2017, it being understood that members could suggest changes to these documents between now and and the next board meeting.

Limaye reiterated that BCCI cannot consider these as the official base documents as the Committee of Administrators, appointed by the Supreme Court of India, was formed only four days ago and voted against the proposals.

However, the board based on the voting of members approved the proposals, for final consideration in April 2017.

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