The ongoing tussle between the BCCI and ICC refuses to end despite ICC is ready to increase Indian cricket board’s revenue pool.
Problems between both the parties began when the ICC Council approved of the new financial model. According to the new revenue distribution, the BCCI will receive 293 million dollars from 2016 to 2023. It is a huge pay cut considering the fact that it was drawing an amount of 570 million dollars.
However, ICC chairman Shashank Manohar offered to give the Indian Board another 100 million dollars. But, the board dismissed the offer. During the five-day ICC meet in Dubai, India board officials felt that they would accept an offer of 450 million dollars and end the tussle. But, Manohar refused to revise the amount.
According to a report in The Times of India, the Indian board has hired a UK firm for the same which has drafted a notice citing violation of a contract, which is the Members Participation Agreement (MPA).
The MPA, signed back in 2014 when N Srinivasan was the chairman of the ICC, is registered in the UK courts of law.
A section of BCCI officials is eager to pass a resolution in favour of taking legal action against the global body headed by former BCCI chief Shashank Manohar.
The decisions regarding the participation in upcoming Champions Trophy will be taken in the Special General Meeting (SGM) on May 7.In case the BCCI SGM decides on a pull-out, there is every possibility that COA will seek a directive from the Supreme Court.