The ICC has, in principle, passed a new constitution that undoes much of the imbalance in power and finances the Big Three had attempted to create in 2014. But in practice it may require more negotiations, particularly on a new revenue-distribution model, before it becomes the new reality.
At the ICC Board meeting in Dubai on Saturday, a new constitutional and financial model received preliminary approval despite the BCCI having voted against it.
ESPNcricinfo understands Sri Lanka Cricket also voted against the new revenue distribution model prepared by the ICC working group lead by chairman Shashank Manohar, while Zimbabwe Cricket abstained; all other boards were in favour of the new deal.
A final decision will be taken by the ICC Board at the next round of meetings in April.
More to follow …
Osman Samiuddin is a senior editor at ESPNcricinfo
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Source: ESPN Crickinfo