It is pretty clear that the Lodha Committee has managed to hurt the BCCI. For so long the supreme financial powerhouse of the cricketing world, BCCI has now been hit where it hurts most. (BCCI to pull out of the Champions Trophy 2017 ?)
The uncertainties that BCCI is facing in India is beginning to have its repercussions in the cricketing world as well. So for the first time in 25 years, India and the BCCI will only be a spectator in the ICC meet that is being held in Dubai this week.
The Supreme Court of India has appointed IDFC MD and CEO Vikram Limaye to attend along with BCCI secretary Amitabh Chaudhary and treasurer Anirudh Chaudhary and represent India at the meet. (BCCI to pull out of the Champions Trophy 2017 ?)
Regardless of who represents India at this meeting, it is clear that India will not be able to push forth any of its views. This might eventually lead to an uncomfortable situation in which India might be forced to withdraw its participation from the upcoming Champions Trophy in 2017.
So is it really feasible that India will not defend its Champions Trophy in England?
One of the biggest takeaways from this ICC meet would be the withdrawal of the big three model which has been ruling world cricket for some time. (BCCI to pull out of the Champions Trophy 2017 ?)
The ICC is being led by former BCCI president Shashank Manohar who has been an advocate of pulling back the big three model. This step would hit the coffers of the BCCI significantly to 16-17% of world revenue which would be far less than the current share of 20.3%.
If the BCCI does indeed pull out of the Champions Trophy, it will definitely destroy the financial setup of the ICC. India holds massive power in the world of cricket both on and off the field. So a withdrawal from them would have far reaching consequences for the ICC.