Chennai: Set to benefit immensely from the structural overhaul of the ICC, the BCCI on Thursday unanimously backed the plan which would cede executive decision-making in world cricket to India, Australia and England.
In an emergent meeting called here, the Indian Board reviewed the proposals of the ICC Commercial Rights Working Group, which have created quite a flutter in international cricket.
"The committee discussed at length the proposals of the ICC Working Group and felt that this proposal was in the interest of cricket at large," BCCI Secretary Sanjay Patel said in a statement after the meeting.
The meeting was chaired by Board vice-President Shivlal Yadav after President N Srinivasan had to skip it because of his mother`s death this morning.
The BCCI unanimously agreed to approve the proposal of the Working Group of the ICC`s Finance and Commercial Affairs (F&CA) committee in which the Indian Board, Cricket Australia and England and Wales Cricket Board are key members.
The BCCI members "authorised the office-bearers to enter into agreements with ICC for participating in the ICC events and host ICC events, subject to the proposal being approved in the ICC Board".
The BCCI also "authorised its office-bearers to discuss bilateral matches with other Full Members (including Pakistan) and sign formal Future Tours Programme agreements".
As things stand right now, 75 per cent of ICC earnings are divided between the 10 full member countries equally and the remainder goes to associate members.
In the lead-up to negotiations for the next ICC commercial rights cycle -- covering the period from 2015 to 2023 -- India apparently wants its share of the global game`s money to reflect the proportion of revenue the country generates.