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BCCI warns use of MPA right if revenue model not reconsidered

BCCI has garnered support to thwart the move with Bangladesh, Sri Lanka and Zimbabwe by its side

Press Trust of India  |  New Delhi 

Vikram Limaye, BCCI
Committee of Administrators member Vikram Limaye.

The on Sunday sent an 11-page letter to Chief Executive Dave Richardson, categorically rejecting the proposed revenue model and constitutional reforms.

The has reminded the world body that they have the option of exercising the rights mentioned under the Members' Participation Agreement (MPA).



While BCCI's stand was always known, COA member Vikram Limaye is his letter has pointed out that should respect the signed on October 12, 2014.

It has been learnt that can take legal recourse if violates MPA, which assures certain benefits to member nations who compete in the tournaments from 2015-2023.

According to the letter accessed by PTI, Limaye has reminded Richardson of the entered between and Business Corporation FZ LLC (IBC) relating to global events between 2015 and 2023.

The letter states:"The proposed new Constitution and financial model will, if adopted, entitle us to exercise certain rights under the and also to avail remedies under applicable law. We trust the will reconsider the proposed new constitution and financial models in light of provisions of the so that we do not have to consider exercising our rights and remedies in relation to the MPA, which are expressly reserved. Please communicate our stand to for information and necessary action."

It is learnt that COA has already in its meeting decided that India's interest as the financial powerhouse is non- negotiable.

In fact Limaye, after his first Board meeting in in February, had said that could not give any cogent reason as to what economic model has been used for equitable distribution of revenue which seemed to be based more on "good faith and equity".

Many felt that it was erstwhile chairman Shashank Manohar's indirect attempt to hit which was in tangles after the verdict that led to the ouster of its president and secretary

However has garnered enough support to thwart the move with Bangladesh, and Zimbabwe by its side.

The original 'Big Three' model means that England and Australia will also get their share of the pie and shall not have any objections to earlier revenue model.

"The tried to hit us when was in troubled waters. Now with Manohar, who was the biggest opponent of BCCI, gone, the in any case will neither be able to pass the constitutional reforms nor the revamped financial model," a top source told PTI.

BCCI's objection also puts the ambitious World Test Championship in a limbo apart from the proposal to review full membership status of countries like

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BCCI warns use of MPA right if revenue model not reconsidered

BCCI has garnered support to thwart the move with Bangladesh, Sri Lanka and Zimbabwe by its side

BCCI has garnered support to thwart the move with Bangladesh, Sri Lanka and Zimbabwe by its side The on Sunday sent an 11-page letter to Chief Executive Dave Richardson, categorically rejecting the proposed revenue model and constitutional reforms.

The has reminded the world body that they have the option of exercising the rights mentioned under the Members' Participation Agreement (MPA).

While BCCI's stand was always known, COA member Vikram Limaye is his letter has pointed out that should respect the signed on October 12, 2014.

It has been learnt that can take legal recourse if violates MPA, which assures certain benefits to member nations who compete in the tournaments from 2015-2023.

According to the letter accessed by PTI, Limaye has reminded Richardson of the entered between and Business Corporation FZ LLC (IBC) relating to global events between 2015 and 2023.

The letter states:"The proposed new Constitution and financial model will, if adopted, entitle us to exercise certain rights under the and also to avail remedies under applicable law. We trust the will reconsider the proposed new constitution and financial models in light of provisions of the so that we do not have to consider exercising our rights and remedies in relation to the MPA, which are expressly reserved. Please communicate our stand to for information and necessary action."

It is learnt that COA has already in its meeting decided that India's interest as the financial powerhouse is non- negotiable.

In fact Limaye, after his first Board meeting in in February, had said that could not give any cogent reason as to what economic model has been used for equitable distribution of revenue which seemed to be based more on "good faith and equity".

Many felt that it was erstwhile chairman Shashank Manohar's indirect attempt to hit which was in tangles after the verdict that led to the ouster of its president and secretary

However has garnered enough support to thwart the move with Bangladesh, and Zimbabwe by its side.

The original 'Big Three' model means that England and Australia will also get their share of the pie and shall not have any objections to earlier revenue model.

"The tried to hit us when was in troubled waters. Now with Manohar, who was the biggest opponent of BCCI, gone, the in any case will neither be able to pass the constitutional reforms nor the revamped financial model," a top source told PTI.

BCCI's objection also puts the ambitious World Test Championship in a limbo apart from the proposal to review full membership status of countries like
image
Business Standard
177 22

BCCI warns use of MPA right if revenue model not reconsidered

BCCI has garnered support to thwart the move with Bangladesh, Sri Lanka and Zimbabwe by its side

The on Sunday sent an 11-page letter to Chief Executive Dave Richardson, categorically rejecting the proposed revenue model and constitutional reforms.

The has reminded the world body that they have the option of exercising the rights mentioned under the Members' Participation Agreement (MPA).

While BCCI's stand was always known, COA member Vikram Limaye is his letter has pointed out that should respect the signed on October 12, 2014.

It has been learnt that can take legal recourse if violates MPA, which assures certain benefits to member nations who compete in the tournaments from 2015-2023.

According to the letter accessed by PTI, Limaye has reminded Richardson of the entered between and Business Corporation FZ LLC (IBC) relating to global events between 2015 and 2023.

The letter states:"The proposed new Constitution and financial model will, if adopted, entitle us to exercise certain rights under the and also to avail remedies under applicable law. We trust the will reconsider the proposed new constitution and financial models in light of provisions of the so that we do not have to consider exercising our rights and remedies in relation to the MPA, which are expressly reserved. Please communicate our stand to for information and necessary action."

It is learnt that COA has already in its meeting decided that India's interest as the financial powerhouse is non- negotiable.

In fact Limaye, after his first Board meeting in in February, had said that could not give any cogent reason as to what economic model has been used for equitable distribution of revenue which seemed to be based more on "good faith and equity".

Many felt that it was erstwhile chairman Shashank Manohar's indirect attempt to hit which was in tangles after the verdict that led to the ouster of its president and secretary

However has garnered enough support to thwart the move with Bangladesh, and Zimbabwe by its side.

The original 'Big Three' model means that England and Australia will also get their share of the pie and shall not have any objections to earlier revenue model.

"The tried to hit us when was in troubled waters. Now with Manohar, who was the biggest opponent of BCCI, gone, the in any case will neither be able to pass the constitutional reforms nor the revamped financial model," a top source told PTI.

BCCI's objection also puts the ambitious World Test Championship in a limbo apart from the proposal to review full membership status of countries like

image
Business Standard
177 22