The International Cricket Council (ICC) concluded five days of Board and Committee meetings in Dubai with a number of decisions passed, including a revised financial model. In addition, agreement on a new constitution to be put before the ICC Full Council was also reached.
Following the decision in February 2017 to reverse the 2014 resolutions, a revised financial model was presented to the Board and passed.
Based on current forecasted revenues and costs, BCCI will receive $293m across the eight year cycle, ECB $143m, Zimbabwe Cricket $94m and the remaining seven Full Members $132m each. Associate Members will receive funding of $280m. This model was passed 13 votes to one.
A revised constitution was also approved by 12 votes to two. This takes into account the Board’s feedback following extensive discussion at the February meeting and further input from the working group.
It will now be presented to the ICC Full Council in June for adoption.
The Board also acknowledged the need to sustain and grow the number of members competing at the top level.
ICC Chairman Shashank Manohar said: “This is another step forward for world cricket and I look forward to concluding the work at the Annual Conference. I am confident we can provide a strong foundation for the sport to grow and improve globally in the future through the adoption of the revised financial model and governance structure.