C.K. Khanna, acting president of the Board of Control for Cricket in India (BCCI), on Thursday said that International Cricket Council's (ICC) revised revenue model is not acceptable to them, adding that they would take a final call on this sensitive issue only after thorough analysis with the board officials.
"It is not acceptable to us. We have sent a mail to Amitabh Choudhry. We have asked him to furnish all the details and deliberations that took place in Dubai. We will decide our future course of action after discussing with him, treasurer and other members of the BCCI," Khanna told ANI.
"Its' a sensitive issue, so it has to be thoroughly analysed before taking any final call on this subject," he added.
Earlier in the day, the ICC approved of a new financial model after its five-day meet in Dubai, under which the BCCI will receive 293 million dollars from 2016 to 2023.
Previously, the BCCI was drawing an amount of 570 million dollars due to its 'Big Three' formula.
ICC independent chairman Shashank Manohar had initially offered a compromise formula of an additional 100 million dollars, which would push the BCCI's share to almost 400 million dollars.
However, BCCI rejected this with a counter-offer under which it would still get its 570 million dollars but no other full member's share would be reduced.
The England Cricket Board received 143 million dollars while Zimbabwe Cricket received 94 million dollars.
The remaining seven Full Members will receive 132 million dollars each. The Associate Members will receive a funding of 280 million dollars. This model was passed by a vote of 13 to 1.
On Wednesday, the BCCI lost both the governance and the revenue votes at the crucial ICC meet in Dubai.
The BCCI was the only member to object against the new financial model and was one of the only two countries to vote against the new governance changes.
The finance model received a 9-1 vote in favour, while the governance structure was passed by an 8-2 margin. The only country that voted alongside BCCI was Sri Lanka.
BCCI office bearers- Amitabh Choudhury and treasurer Anirudh Chaudhry -had rejected the ICC's settlement offer worth approximately 400 million USD - 100 million USD more the proposed 290 million USD.
Their rejection came as BCCI wanted the share it was getting under the Big Three model, i.e. 570 million USD.
However, it is understood that the other Full Members rejected the BCCI's offer, leaving Choudhry in a tight position on Wednesday morning hours before the ICC Board meeting.
It should be noted that the ICC generates a higher percentage of revenue from India than any other cricket-playing nation.
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