So did the ICC win the "fight" vs BCCI?

[Shutdown Corner]

The BCCI got the lion's share of the revenue, but it went down from 570 million to 405. On top of that the ICC had offered 400 way back in April anyways. The ICC constitution was also approved although the BCCI forced some concessions.

So who won the beef? I'd say the ICC won 70-30. This is all the more so since many of the BCCI fans were claiming the BCCI would soon be back at full strength and slam the ICC in April. When that didn't happen they promised the ICC would be made to beg come June, when the real voting takes place. Well June has come and gone, and while the BCCI took some concessions, I dare say the ICC was able to create a better game for everyone.

 

[KevinFern]

Hallelujah... Now lets get back to the real game on the field

 

[aniket1911]

This 340 million $ deal for a 5 year period was signed just after BCCI finalised 405 million $ deal for 8 years with ICC. I wonder how negotiations would have gone if it was finalised earlier. There is no outright winner in this battle, only some lesser teams happy to take extra flour from the mill while the owner hods an incessant grudge against them and the regulating body.

 

[Aman]

Rather sad the game's success hinges on one country.

Just think of the financial disaster if India became minnows and never made it past the group stages.

 

[Nil Dhumrojal]

None won. Mutual understanding.

 

[Enigma_]

Rather sad the game's success hinges on one country.

Just think of the financial disaster if India became minnows and never made it past the group stages.

Everyone would laugh and point at India lol

 

[Rafay Shafiq]

Infact it was BCCI vs BCCI. Shashank Manohar was initiator and executor of this ending of Big 3. Other boards just join him and trying to take credit.

Still, as per new model, BCCI getting almost 25% of revenue...which is not bad. anyway it's good that we finally get rid of big 3

 

[zyrus]

I'll only consider it a win when ICC will ban all those tamasha leagues and will retain the glory of T20 cup along with other tours. Till then its all about Milking cash out from Indian ecosystem.

 

[Rafay Shafiq]

Infact it was BCCI vs BCCI. Shashank Manohar was initiator and executor of this ending of Big 3. Other boards just join him and trying to take credit.

Still, as per new model, BCCI getting almost 25% of revenue...which is not bad. anyway it's good that we finally get rid of big 3

And Pakistan getting 7%

 

[theariezman]

none of us should be thumping our chest.

Given the latest saga we could expect anything in future.

 

[Mamoon]

I don't see a fight. BCCI is simply demanding the money that they have earned and deserve.

 

[JaDed]

Yes,imo ICC won,but ICC was nothing if not for Manohar and Indian Supreme Court somehow happening at the same time.

 

[AnOrdinaryPakistani]

I don't see a fight. BCCI is simply demanding the money that they have earned and deserve.

They dont earn money. The money from matches that they are demanding is under ICC tag.
Their huge population is their excuse of bargaining. But in reality their population is just consumers for icc and nothing else.
Its like saying that facebook should grant money to India since it is generating so much money from that country. This is not how it goes. Indians are consumers just like people of anyother countries, yes they may have bigger market but still it doesnt change the fact that they are merely "consumers"

 

[Harshu814]

They dont earn money. The money from matches that they are demanding is under ICC tag.
Their huge population is their excuse of bargaining. But in reality their population is just consumers for icc and nothing else.
Its like saying that facebook should grant money to India since it is generating so much money from that country. This is not how it goes. Indians are consumers just like people of anyother countries, yes they may have bigger market but still it doesnt change the fact that they are merely "consumers"

My friend,, i dont thik you are familiar with concept of consumers!!

You showcase indian populatin "consumers" is not only funny but stupid as well..

Here let me explain,
As appealing as your facebook case sounds, it doesnot take in account that while facebook is completly indegenous, icc is not "not even by a margin"

Most of icc earning if you know comes through media/tv rights

Now the sponsers only bid big amounts for thses rights if they seem thier investment gives something in return,, as we all know how potential indian market is, there are always big bids for media/tv rights for all the indian matches that comes under icc,, wether its icc event or bilateral series..

Now this bids and sponsers are called in and managed by bcci and bcci alone and the revenue is shared with icc

For icc event icc gets big piece of revenue while for bilaterals BCCI gets big piece of revenue

While other countries does do thier part of revenue

Due to dominant indian market, majority of icc income which is through media,/tv rights is highly dominated by indian part(bcci)
So this is where u need ti understand why icc gives india big share because it contributes more

If it were left to u u had say indians are consumers and thus doent do anything much and thus doent deserve anything which is bottomless

Besides pakistan gets more share then what it provides (but why would u have objection to that)

Hope u. See only showcasing indians as consumers and not pointing money it add to the flows is stupid

Some people use brains, some doent!!

 

[HitWicket]

My friend,, i dont thik you are familiar with concept of consumers!!

You showcase indian populatin "consumers" is not only funny but stupid as well..

Here let me explain,
As appealing as your facebook case sounds, it doesnot take in account that while facebook is completly indegenous, icc is not "not even by a margin"

Most of icc earning if you know comes through media/tv rights

Now the sponsers only bid big amounts for thses rights if they seem thier investment gives something in return,, as we all know how potential indian market is, there are always big bids for media/tv rights for all the indian matches that comes under icc,, wether its icc event or bilateral series..

Now this bids and sponsers are called in and managed by bcci and bcci alone and the revenue is shared with icc

For icc event icc gets big piece of revenue while for bilaterals BCCI gets big piece of revenue

While other countries does do thier part of revenue

Due to dominant indian market, majority of icc income which is through media,/tv rights is highly dominated by indian part(bcci)
So this is where u need ti understand why icc gives india big share because it contributes more

If it were left to u u had say indians are consumers and thus doent do anything much and thus doent deserve anything which is bottomless

Besides pakistan gets more share then what it provides (but why would u have objection to that)

Hope u. See only showcasing indians as consumers and not pointing money it add to the flows is stupid

Some people use brains, some doent!!

False. There's a bit of irony in saying some people don't use their brains in a post where you've only posted a pack of lies...

 

[USofA]

I would say that the BCCI came out ahead. This with the BCCI having its hand tied and not in full control because of COA.

Despite the disproportionate distribution, I think the BCCI is getting its fair share. But as it turned out, $400 became chump change in front of the $2.6 Billion IPL deal.

 

[JattMaula]

ICC 'won'.

These are really trying times for cricket admins in India. This will not always be the case.

 

[IndianFan2018]

After coming out of this mess 'ongoing CoA vs BCCI Admins ego fight' BCCI will show ICC who the real boss in cricket is

 

[Shutdown Corner]

After coming out of this mess 'ongoing CoA vs BCCI Admins ego fight' BCCI will show ICC who the real boss in cricket is

The game is over for now. It was a draw between ICC and BCCI. The ICC was able to officially disband the Big 1 system (Big 3 was really just BCCI control as Big 1) and was able to get through its constitutional and financial reforms with BCCI getting a 150 milllion USD reduction in its ICC share from (570 to 410). The BCCI won by getting an exclusive IPL window and by getting an extra 110 million USD from the ICC (410 from 300). I'd say thats a win-win situation for all 12 full members.

 

[CanadianG00se]

The game is over for now. It was a draw between ICC and BCCI. The ICC was able to officially disband the Big 1 system (Big 3 was really just BCCI control as Big 1) and was able to get through its constitutional and financial reforms with BCCI getting a 150 milllion USD reduction in its ICC share from (570 to 410). The BCCI won by getting an exclusive IPL window and by getting an extra 110 million USD from the ICC (410 from 300). I'd say thats a win-win situation for all 12 full members.

Dont forget ICC lost 60M in taxation just on WT20 and would lose another 100M or so on 2021 Champions Trophy if GoI doesnt exempt from Tax.

Shifting tournament outside of India seems highly unlikely and will just create a rift between ICC and BCCI.

 

[IndianFan2018]

The game is over for now. It was a draw between ICC and BCCI. The ICC was able to officially disband the Big 1 system (Big 3 was really just BCCI control as Big 1) and was able to get through its constitutional and financial reforms with BCCI getting a 150 milllion USD reduction in its ICC share from (570 to 410). The BCCI won by getting an exclusive IPL window and by getting an extra 110 million USD from the ICC (410 from 300). I'd say thats a win-win situation for all 12 full members.

Well articulated agree there...but with IPL overtaking ICC World Events rights in $$ value, BCCI holds the advantage going forward over ICC

 

[IndianFan2018]

Dont forget ICC lost 60M in taxation just on WT20 and would lose another 100M or so on 2021 Champions Trophy if GoI doesnt exempt from Tax.

Shifting tournament outside of India seems highly unlikely and will just create a rift between ICC and BCCI.

BCCI has all the cards to take-on ICC, but only obstacle is CoA.

BCCI will wait for right time to resume power battle with ICC, status quo will be maintained till then

 

[Shutdown Corner]

BCCI has all the cards to take-on ICC, but only obstacle is CoA.

BCCI will wait for right time to resume power battle with ICC, status quo will be maintained till then

Why is the CoA still there? Its been over a year. What is the reason for the CoA existence and how much progress has there been toward as a resolution.

 

[Shutdown Corner]

Dont forget ICC lost 60M in taxation just on WT20 and would lose another 100M or so on 2021 Champions Trophy if GoI doesnt exempt from Tax.

Shifting tournament outside of India seems highly unlikely and will just create a rift between ICC and BCCI.

I don't understand why the ICC should be exempt from taxation. And did the ICC pay taxes to UK for the 2017 Champions Trophy?

 

[CanadianG00se]

I don't understand why the ICC should be exempt from taxation. And did the ICC pay taxes to UK for the 2017 Champions Trophy?

I dont know if ICC paid taxes to UK in 2017 or not. Most of the multi nation events are tax free such as Fifa worldcup, Olympics etc. However, ICC didnt got tax exemption and part of the blame also lies to them. They didn’t officially applied for Tax exempt which cost them huge sum. Even for 2021 CT they have asked BCCI to get the event Tax free when it should be them applying directly to GoI for tax free event. ICC is basically hiding something that they do not want to reveal to GoI or to general public or else I see no reason why they are reluctant to apply for tax free event to GoI.

Anyways, coming to your original point about who won, Id say in the India as a whole got 500+Millions including tax money. Basically restructuring financial model wont make much of a difference in the end as ICC are losing extra bit of income anyways.

In my view, ICC needs to be more transparent and let general public know about their income (where and how much does they get it from) and expenses (where and how much they are spending).

 

[Oxfordchamp]

So BCCI to get $400 million over 8 years ..that's $50 million each year which is nothing compared to what they get from IPL...

 

[IndianFan2018]

Why is the CoA still there? Its been over a year. What is the reason for the CoA existence and how much progress has there been toward as a resolution.

Million $ questions ..I don't know the answers brother ! CoA overstayed for sure..

 

[Hitman]

2023 World Cup: BCCI set to lose $58-116m if Indian government denies ICC tax waiver

The BCCI stands to lose between US$58-116 million from its share of the ICC's central revenue pool as a result of the tax imposed by the Indian government on the global cricket body for hosting the 2023 Men's ODI World Cup in India. The marquee event is scheduled to be played in India in October-November next year.

"It is to be noted that any tax cost incurred by the ICC for the 2023 event in India will be adjusted with the BCCI's share of revenue from the ICC," the BCCI said on Thursday in an update sent to its state associations. In the two-page document, seen by ESPNcricinfo, the BCCI outlined the estimated financial hit it is likely to incur in the absence of the ICC securing a full tax exemption from the Indian government for staging the tournament in India, the first men's global cricket event in the country since the 2016 T20 World Cup.

The tax exemption has been part of the host's agreement the BCCI signed with the ICC in 2014, when three men's events were awarded to India: the 2016 World Cup, the 2018 Champions Trophy (later changed to 2021 T20 World Cup, which was moved to the UAE and Oman) and the 2023 World Cup. As per the agreement, the BCCI was "obligated" to help the ICC (and all its commercial partners involved in the tournament) secure the tax waiver.

The tax waiver has been a contentious issue every time a global cricket event has been held in India. In 2016, the BCCI said in the note, the ICC deducted "nearly $23.5 million" from the central revenue pool after the Indian government had charged Star India*, which owns rights for ICC events, 10.92% in taxes.

The BCCI has challenged the ICC on that at the global body's disputes tribunal. Even as it awaits a final decision from the tribunal, the BCCI has said it had opened discussions with India's finance ministry to "deliver a tax exemption or a tax solution" for the 2023 World Cup.

The BCCI was originally meant to secure such an exemption 18 months before the event. It said that it had asked ICC to extend the deadline to May 31 this year from April, which was the original timeline.

"At the start of this financial year, the BCCI had advised the ICC that in line with the tax order for the 2016 event, it was expected that a 10% (excluding surcharges) tax order could be obtained as an interim measure for the 2023 event within the required timeframe," the BCCI said in its update. "The ICC has now received a 20% (excluding surcharges) tax order for its broadcast revenue for the 2023 event from the tax authorities in India."

In the note the BCCI listed the ICC's broadcasting income from next year's World Cup in India at an estimated $533.29 million. The BCCI said the "financial impact" it would suffer for a 10.92% tax order on that would be around $58.23 million (the BCCI's note listed the figure as $52.23 million, which appears to be an error given the percentages listed), which would more than double to roughly $116.47 million if the tax component were to be 21.84%, as desired by the Indian government.


This amount, whatever it finally is, will be deducted from the BCCI's share of ICC's central revenue pool, which over the course of the current rights cycle (2016-2023) amounts to roughly $405 million based on ICC's overall earnings for the period estimated at $2.7 billion.

The BCCI said it remained "hopeful" of a solution as it is engaging at the "highest level" in the Indian government. "The BCCI is currently working with the Ministry of Finance, Government of India and have represented against this 20% (excluding surcharges) tax order at the very highest level and are hopeful that a 10% (excluding surcharges) tax order would be forthcoming shortly."

Link: https://www.espn.in/cricket/story/_...-116m-indian-government-denies-icc-tax-waiver