New Delhi: Seeking to capitalise on its financial clout, the BCCI is set to demand a greater share of the profit from the revenues generated by the International Cricket Council (ICC). According to sources, BCCI president N. Srinivasan met Cricket Australia chairman Walter Edwards in Singapore last week to discuss about the profit-sharing model between the member nations of the ICC. The meeting took place at the same time when the eight IPL-franchises were engaged in a brain-storming two-day workshop in Singapore.
"Srinivasan met the CA top boss and discussed India's concerns about what he thought should be the profit-sharing model. The moot point of discussion was that India generates close to 75 percent of the income for the parent body. Therefore, we are well within our rights to demand a greater share of profit," a BCCI official in the know of things told PTI on Monday.
ICC's profit-sharing model is as follows: 75 percent of the profits is equally divided among full member nations like India, Australia, Sri Lanka, England, Pakistan, New Zealand, West Indies, South Africa and Zimbabwe while the remaining 25 percent is distributed among the associate members.