In the fourth year since the elected Board of Cricket Control of India (BCCI) took over the court-appointed Committee of Trustees (COA), the Indian Council has regained lost ground in governance at within the global body. At the International Cricket Council (ICC) Annual General Meeting in Melbourne, BCCI-backed Greg Barclay retained his position as ICC President and it was decided that BCCI Secretary Jay Shah, would lead the Financial and Business Affairs (F&CA) Committee.
Shah, the new BCCI representative on the ICC board of directors replacing former president Sourav Ganguly, made the financial and administrative decisions of his previous term.
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While two years ago New Zealand’s Barclay picked up a hard-fought victory to beat Imran Khwaja, he was elected unopposed on Saturday given he had the backing of the BCCI. Tavengwa Mukuhlani from Zimbabwe dropped out.
Barclay was receptive to India’s idea of an expanded IPL window, which resulted in BCCI getting a huge ₹48,390 crore of media rights have recently been traded.
Shah as head of the finance committee is of significance as the panel decides the formula for the distribution of income among member councils and the budget allocation for ICC events. Additionally, with BCCI engaged in discussions with the union’s finance ministry over relaxing tax rules for ICC events in India, an Indian in charge of the ICC committee would allow more leeway.
On the revenue front, under the previous model, BCCI got a share of $405 million while ICC’s media rights revenue was $2 billion for 8 years. Since then, the value of ICC’s media rights has grown to $3 billion over four years in the Indian market alone, with other territories to follow. Whether BCCI chooses to push for a bigger share of ICC remains to be seen – a significant portion of BCCI’s revenue comes from IPL and cricket media rights in India.
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