ICC passes governance and financial changes proposed by Big Three

Image courtesy of: icc-cricket.com

“The Board has made some significant decisions today which provide us with long-term certainty in relation to the future governance, competition and financial models of the ICC”

The International Cricket Council (ICC) has passed the governance and financial changes proposed by the Board of Control for Cricket in India (BCCI), England and Wales Cricket Board (ECB) and Cricket Australia during a board meeting in Singapore.

All the other major cricket boards, except for the Pakistan Cricket Board (PCB) and Sri Lanka Cricket (SLC), agreed to the changes.

It was also announced that BCCI president Narayanaswami Srinivasan would become ICC chairman in July 2014, while Cricket Australia chairman Wally Edwards would be the head of a newly-formed Executive Committee and ECB chairman Giles Clarke will continue to keep his post as head of the Finance and Commercial Affairs Committee.

“These roles will be for an initial two year transitional period to 2016 only,” the ICC said. “Once this transitional period is completed, the Chair of the ICC Board will be elected from within the ICC Board with all Full Member Directors entitled to stand for election. BCCI, CA and ECB – will be represented on both sub-committees, along with two representatives of the other Full Members (who will be elected by the Board).”

With the changes being passed, the BCCI, ECB and Cricket Australia will now receive a larger share of the ICC’s revenue.

“Full Members will gain greater financial recognition based on the contribution they have made to the game, particularly in terms of finance, their ICC history and their on-field performances in the three formats,” the ICC said. “This decision is the outcome of a negotiation between Members that has been required to provide long-term certainty of participation of all Members in both ICC events and bilateral series against other Members. Without that certainty, the rights for ICC events, which are to be taken to market this year, would have been significantly impacted and, by extension, so would the financial support that has driven the growth of cricket around the world.

“The structure of the model will ensure that none of the Full Members will be worse off than they are at present and – if forecasts of revenue generation prove to be correct – all will be significantly better off. The agreement of the model has been an important part of a wider negotiation that will now provide long-term certainty of participation in ICC events by all of the Full Member teams.”

It was also confirmed that the Future Tours Programme (FTP) would be abolished and replaced by negotiations between cricket boards interested in hosting each other for a bilateral series.

“There was also confirmation that all Full Members will enter into a series of contractually binding bi-lateral agreements as a matter of urgency so that they can confirm a comprehensive schedule of matches in a Future Tours Programme that will now be extended to 2023,” the ICC said.

It was also announced that the Associate Members now have a chance to gain Test status.

“The winner of the next ICC Intercontinental Cup will be entitled to take part in a play-off against the bottom-ranked Full Member and, if successful, obtain Test status,” the ICC said. “This complements the pathways that are already in place for any Member to be able to qualify for the major events in ODI and T20I cricket.”

The ICC also confirmed that the World Test Championship had been scrapped and that the Champions Trophy had been resurrected.

It is understood that the Champions Trophy will take place in 2017 and 2021.

“It proved impossible to come up with a format for a four-team finals event in Test cricket that fits the culture of Test cricket and preserves the integrity of the format,” the ICC said. “The most recent ICC Champions Trophy event proved to be very popular with supporters around the world and the future events will build on this success.

“With the ICC Champions Trophy alongside the ICC Cricket World Cup and ICC World Twenty20 and the formats and venues already confirmed for all of these events the ICC has a really attractive package for 2015-23 to take to the market.”

However, despite the World Test Championship being ditched, the ICC have announced the introduction of a new Test fund “to help ensure all of the Test playing teams will be able to sustain a home programme of Test cricket through to 2023”.

“The fund will be available to all of the Test playing Members except the Board of Control for Cricket in India (BCCI), Cricket Australia (CA) and the England and Wales Cricket Board (ECB),” the ICC added.

Speaking about the changes made, ICC president Alan Isaac said: “The Board has made some significant decisions today which provide us with long-term certainty in relation to the future governance, competition and financial models of the ICC. There were eight Full Members who were in a position to support the resolution today and the two [SLC, PCB] who abstained have pledged to further discuss the issues with an aim to reaching unanimous approval over the coming weeks.”

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