India to participate in Champions Trophy - BCCI

India to participate in Champions Trophy - BCCI

The squad for the tournament is expected to be announced on Monday, May 8 and BCCI officials are scheduled to meet on Sunday in New Delhi for a Special General Meeting.

On Sunday, former BCCI chief N Srinivasan attending the SGM in the Capital on Sunday through Skype from London, raised eye-brows on whether it was another violation of the Supreme Court order.

The tournament begins on June 1.

In the wake of the ICC proposing a new financial model which reduces the BCCI's revenues from United States dollars 570 million to USD 293 million, the latter had deliberately missed the April 25 deadline for submission of the squad and that there were speculations that they might pull out of the tournament.

The powerful BCCI stands to lose $277 million revenue over the next eight years under the sweeping changes approved by ICC members.

The BCCI's use of the Champions Trophy as a bargaining chip with the ICC had come in for criticism. The squad will be named tomorrow, the Indian board said in a release.

India has been at loggerheads with the ICC in recent weeks over the revenue and governance models.

".we would be duty bound to bring such decision to the attention of the Hon'ble Supreme Court, communicate our views to the Hon'ble Supreme Court and seek its intervention in the matter as also to take such other steps that we consider necessary to protect the interests of Indian cricket".

"The BCCI SGM unanimously decided that the Indian cricket team will participate in the upcoming ICC Champions Trophy", it said in a statement.

Coming to the details, it must be recalled that BCCI's earlier share of $571 million was conceded to $293 million with Australia not losing out on anything and England's loss being minimal, which means that India is the ultimate victim.

BCCI's current joint secretary, Amitabh Choudhary, has been given the task of cracking a deal with the ICC on its behalf while keeping the legal options open.

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