Why did the BCCI reject a massive offer from the ICC ?

The Board of Control for Cricket in India has reportedly rejected a $100 million compensatory offer from the ICC chairman Shashank Manohar. But why did the BCCI reject a massive offer from the ICC ?

A BCCI spokesperson confirmed the news.

“Yes, ICC chairman Shashank Manohar gave us an offer of an additional $100 million in the new financial model. In fact, he gave us a deadline to get back to him. From our end, we won’t get back to him as we don’t even consider it an offer. The offer came from Manohar.

“He is the chairman but ICC is a members’ body and the chairman doesn’t decide who gets what share of the pie. It’s the members who decide. We are still working on the formula with all nations. They are receptive”, a senior BCCI official told PTI.

Offering a comparison, the official added, “Let us take the example that BCCI were being paid Rs 500 and others are being paid Rs 100. Now these member nations have been promised Rs 175 or let’s say Rs 200. What Mr Manohar is trying do is to reduce BCCI’s share to Rs 300 in order to increase their share.

“We are assuring the member nations that even if our share remains Rs 500, we promise to create a model to increase their share to Rs 200. But please have faith that we can propose a revenue generation model.”

The BCCI stands to gain $570 million in the controversial Big Three Model. But this model is set to be scrapped in favor of a new revenue sharing model in which the BCCI’s earnings will reduce to $290 million. And in spite of the additional $100 million that the ICC is offering the BCCI, it does not look that an agreement is likely to be reached between the concerned parties.

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In all honesty, the BCCI are morally taking a wrong stance over here. The money that the BCCI feels is rightfully theirs will instead go into the development of cricket in other parts of the world. The ICC wishes to promote and develop cricket all over the world in order to find the next cricketing superstar from one of their associate cricketing members.

The rise of Rashid Khan in this year’s edition of the IPL should serve as an example of what the ICC is trying to attain. The BCCI should do the right thing and let the money go.