New Delhi: At a time when all other cricket teams have announced their 15-man squads for the upcoming Champions Trophy, the Board of Control for Cricket in India (BCCI) is still at loggerheads with International Cricket Council (ICC) over the proposed revenue sharing model.


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In a meeting held by ICC in Dubai on Wednesday, the Indian board were cornered to a great extent after most of the other members voted for changes in governance and revenue structures.


After suffering a huge blow in ICC's latest meet, the Indian board is now contemplating to hold a SGM to discuss the ongoing issue.


"The BCCI has voted against both as we had, in principle, maintained that all these changes are completely unacceptable for us. At this point, we can only say that all options are open for us. We would have to go back to our SGM and apprise the members of the situation," a senior BCCI functionary present in Dubai told PTI on Wednesday.


While the financial model was passed 9-1 with only the BCCI voting against it, the change in governance model was passed 8-2, with only BCCI and Sri Lanka Cricket (SLC) voting against it.


The BCCI was represented at the meeting by the Board Joint Secretary Amitabh Choudhary.


It was learnt that since the BCCI rejected the additional $100 million pay-out in revenue, it was once again given the original option of $290 million, which is a $280 million cut from the $570 million India had been getting till last year.


In the Big Three model put in place in 2014 under the ICC chairmanship of N. Srinivasan, India, Australia and England boards were to get the lion's share of the ICC revenues, with the reasoning that they contributed a larger share to the ICC revenue.


But when Shashank Manohar became the ICC Chairman, he reviewed the model and pushed for a more equitable distribution of revenue which did not go well with the BCCI.


(With Agency Inputs)