The ICC is looking to restructure its revenue model, which has long favoured the ‘big three’ nations of India, England and Australia.
Cricket’s world governing body announced that a proposed restructure of the distribution of funding among member nations for the period 2016-23 had been met with an overwhelming majority of 13-1 in favour of the proposed changes.
India, the highest income-generating nation, will have its share cut to $293-million by 2023, while the ECB will receive $143-million.
The other full members, Australia, Pakistan, New Zealand, South Africa, Sri Lanka, West Indies and Bangladesh stand to receive $132-million respectively over the proposed time frame.
The Associate member nations will share a pool of $280-million, with Afghanistan and Ireland, historically the most successful nations, getting a larger share.
The main aim of the restructure, according to the ICC, is to achieve ‘equity, good conscience, common sense and simplicity, enabling every member to grow, greater transparency.’
Another significant proposed change is that of equal say in voting, irrespective of membership status.
Photo: David Davies/ PA