Board of Control for Cricket in India (BCCI) is all set to receive $405 million from the International Cricket Council (ICC) according to agreed revenue sharing model.
The ICC took the decision during the apex body's annual conference in London.
Previously, the BCCI was drawing an amount of $570 million due to its 'Big Three' formula.
However, the BCCI had rejected this with a counter-offer under which it would still get its $570 million but no other full member's share would be reduced.
The remaining seven full members were offered $132 million each. The associate members will receive a funding of $280 million. This model was passed by a vote of 13 to 1.