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Financial overhaul

The ICC Board approved a comprehensive resolution relating to the governance, competition and financial models of the ICC at a meeting in Singapore, on Saturday. Here’s a summary of the resolution, as per an ICC media release:

restructuring

Full members will gain greater financial recognition based on the contribution they have made to the game, particularly in terms of finance, their ICC history and their on-field performances in the three formats. The structure of the model will ensure that none of the full members will be worse off than they are at present and — if forecasts of revenue generation prove to be correct — all will be significantly better off.

TOP POSITIONS

The ICC Board will continue to be the primary decision-making body. From the start of July this year, the ICC chairman will be Narayanswamy Srinivasan, who is also the BCCI president.

A new Executive Committee (ExCo) will be formed. Wally Edwards from Cricket Australia will chair the ExCo. Giles Clarke from the ECB will continue to chair the Finance and Commercial Affairs Committee (F&CA). These roles will be for an initial two-year transitional period till 2016 only. Once this transitional period is completed, the Chair of the ICC Board will be elected from within the ICC Board with all full member directors entitled to stand for election.

The BCCI, CA and ECB will be represented on both sub-committees, along with two representatives of the other full Members (who will be elected by the Board).

TEST CRICKET

A Test Cricket Fund will be introduced to help ensure that all full members, except the Board of Control for Cricket in India (BCCI), Cricket Australia (CA) and the England and Wales Cricket Board (ECB), sustain a home programme of Test cricket through to 2023.

All full members will enter into a series of contractually binding bilateral agreements as a matter of urgency so that they can confirm a comprehensive schedule of matches in a Future Tours Programme that will now be extended to 2023.

MAJOR EVENTS

The World Test Championship will be replaced with editions of Champions Trophy in 2017 and 2021. The ICC couldn’t come up with a format for a four-team finals event in Test cricket that fits the culture of Test cricket and preserves the integrity of the format.

WINDOW OF OPPORTUNITY

Associate members now have a clear pathway to playing Test cricket. The winner of the next ICC Intercontinental Cup will be entitled to take part in a play-off against the bottom-ranked full member team and, if successful, obtain Test status.

ASSOCIATE MEMBERS

Funds that will be directly distributed to Associate and Affiliate members will continue to grow, building on a dramatic increase in the previous cycle (2007-15) if revenue targets are achieved.