The chapter of “Big 3 Model” in ICC has been closed as 8 votes were castes in rejection of the model and only 2 in its favor during the ICC meeting related to “Big 3”.
India, England and Australia implemented Big 3 model in 2014 under which these three countries controlled the financial and administrative matters related to ICC. Under terms of this model, 27.4% revenue of ICC for the next 8 years would be given to these three countries out of which the lion’s share of 20.3% would be given to India while the shares of England and Australia were 4.4% and 2.7% respectively. But now, $400 million was offered by ICC to India but demand of India was $570 million from revenue of ICC.
The 2014 decision was rolled back by ICC in February 2017 and instead it presented a new revenue distribution and governance model but it was rejected by BCCI after showing its unwillingness. Later, ICC conducted voting in ICC Board’s meeting regarding “Big 3 Model” after which the model was demolished as it received only 2 votes in its favor and 8 were castes against the “Big 3 Model”. In June 2017, this matter of “Big 3” will be finalized in the annual meeting of ICC.