India decides to play Champions Trophy

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Web Report
Dubai – India has decided to take part in the Champions Trophy next month, it was announced on Sunday by the country’s cricket board. The decision was taken after weeks of speculation over the team’s participation in the premier tournament.
The Board of Control for Cricket in India (BCCI) announced the decision
After a special general meeting held in New Delhi amidst a row over sharing revenues with the game’s world governing body, the Board of Control for Cricket in India (BCCI) announced the decision.
“The BCCI SGM unanimously decided that the Indian cricket team will participate in the upcoming ICC Champions Trophy,” it said in a statement.
The squad for the 50-over tournament would be named on Monday, it added. The eight-nation Champions Trophy will be played in England and Wales from June 1.
The BCCI had skipped the deadline for announcing the team and threatened a pull-out from the Champions Trophy over the dispute with the International Cricket Council (ICC).
The dispute stemmed from ICC’s decision last month to amend rules so that less money and power was held by cricket’s “Big Three” – England, India and Australia.
India’s cricket board, the so-called ‘godfather’ of international cricket, was left isolated as a majority of the full members of ICC outvoted BCCI’s position on the new proposed constitution of ICC to abolish the infamous ‘Big 3’ model.
The only support India got in the ICC meeting in Dubai during voting on a new constitution was from Sri Lanka, that too only for the governance changes. No one supported BCCI’s stance on its stance on the financial model.
After the voting finished, the new proposed constitution of ICC got 9-1 approval on financial model and 8-2 approval on governance change in existing ICC structure, which means abolishment of the unnatural big-three model.
India’s share from ICC revenue is now cut short to around $293 million from its demand of $570 million, according to the newly approved financial model.
Earlier, it was reported that the BCCI had rejected an additional $100 million payout in revenue, it was once again given the original option of $293 million which is a $277 million cut from the $570 million India had been getting till last year.
The new constitution, however, needs to be ratified at ICC’s annual conference in June for the final approval and implementation.
Indian media reports are indicating that BCCI is frustrated at the decision and looking to “various options” to protect “India’s interest” in ICC.