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  1. #161
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    Quote Originally Posted by USofA View Post
    $40 million is just a drop in the ocean for BCCI given their revenues from IPL, Bilaterals, ICC events and other endorsement related revenues.

    It's likely that it will cost BCCI more in going back and forth with the ICC and fighting this. So perhaps the BCCI should throw ICC a bone. It will help things move forward from this nonsensical issue and have ICC focus on matters of higher importance.
    Its not about that. ICC cannot arm twist the BCCI into giving the money.

  2. #162
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    Quote Originally Posted by Savak View Post
    The BCCI will be conceding tax revenues and exemptions to the ICC for future events in India as well and should they fail to provide it, it is unlikely that the ICC will host future global events in India
    Just like BCCI conceded money to PCB?

    If ICC decides to move global events from India, will they get the same money without India?

  3. #163
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    Quote Originally Posted by Mueez View Post
    Isn’t the Finance committee headed by Ehsan Mani? Lol.
    Yes, should be fun and games.


    For the latest updates on Cricket, follow @PakPassion on Twitter

  4. #164
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    tax exemption, isn't that why footballers move to different clubs?

  5. #165
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    NEW DELHI: The Indian cricket board's (BCCI) tiff with the International Cricket Council (ICC) is growing by the day. In a move which can potentially eat into India's share in revenue, the ICC has kept BCCI out of the newly-formed working group which will consider the future governance structure of the ICC. The group will challenge the membership status that will allow more independent directors in the ICC board.

    TOI has learnt that the group has been formed to further negate the impact of the 'Big Three' model which was formed to ensure India, Australia and England receive the lion's share of ICC revenues. Interestingly, the working group doesn't have any representation from England and Wales Cricket Board (ECB) too.

    The group which is suggested to carry out the governance reforms will be headed by Cricket Australia (CA) chairman Earl Eddings and supported by Pakistan Cricket Board chairman Ehsan Mani, New Zealand Cricket chairman Greg Barclay, Cricket South Africa president Chris Nenzani, Cricket West Indies president Ricky Skerritt and Cricket Scotland chairman Tony Brian. Interestingly, an ICC working group usually has CEOs and member representatives of boards in a fair ratio

    "The ICC has been consciously trying to go back to the model that was followed from 1998 to 2016. The ICC's revenues have grown significantly and the BCCI gets a fair share.

    The other established member boards are struggling with finances and the associates need more funding. That's why it was first suggested in the annual meeting in London in July that ICC should hold its own events every year to generate more revenue but the BCCI disowned the proposal," sources in the ICC told TOI.

    "The management in the ICC believes that previous model was fair than the model suggested by the previous BCCI regime," the source added. BCCI has been contending that it should get more percentage of the revenues than others as it generates maximum revenues but the ICC, led by chairman Shashank Manohar, had slashed BCCI's proposed share in the preceding years.

    However, BCCI, fighting its administrative shenanigans, has been caught off guard. BCCI CEO Rahul Johri, who was nominated by the Supreme Court-appointed Committee of Administrators to attend the ICC board meeting last week, was not informed about this development.

    BCCI's representative, incumbent acting secretary Amitabh Choudhary, was aware when the group was constituted. "There is no BCCI in place at the moment. There is no point in discussing things with CoA chief Vinod Rai and Johri. The man that needs to be spoken to is BCCI president-elect Sourav Ganguly. And that will happen after he assumes office on October 23," a top BCCI official told TOI.

    https://timesofindia.indiatimes.com/...w/71693218.cms


    For the latest updates on Cricket, follow @PakPassion on Twitter

  6. #166
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    The dispute arising out of ICC’s compensation claim of $23.7 million from BCCI will be referred to the world body’s disputes resolution committee. The claim was made after ICC had to bear the costs that followed the Indian government’s refusal to waive tax on proceeds from the 2016 World T20. The ICC board met via teleconference on Friday, where it was decided to send the matter to its disputes panel. BCCI sees it as a positive, in the first ICC Board meeting attended by president Sourav Ganguly.

    The global body had taken a firm stand earlier, attempting to slash BCCI’s annual revenue and recover the amount, after BCCI had failed to get the tax waiver. Recently, the ICC in a letter had threatened to take away staging rights of member boards failing to get tax relief. It was seen as a warning to BCCI, which will stage the 2023 ODI World Cup.

    The impact of Covid-19 pandemic and the T20 World Cup scheduled in Australia from October 18 were also discussed. “It was decided to keep an eye on the effect of the pandemic on Australia as the government there has closed its borders for six months,” a board executive said. A review will be made at the Board’s next meeting in May.

    “The ICC management will continue our contingency planning around ICC events and will also work with Members to explore all options available to us based on a range of scenarios connected to the pandemic,” ICC CEO Manu Sawhney said. The ICC elections will be held in July. With chairman Shashank Manohar saying he won’t seek re-election, the Big Three—India, Australia and England boards—are expected to influence the polls.

    https://www.hindustantimes.com/crick...5QwzgYShK.html


    For the latest updates on Cricket, follow @PakPassion on Twitter

  7. #167
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    Even as the International Cricket Council (ICC) waits to see if the year-ending T20 World Cup can be staged as per schedule, there has been some progress in efforts to find bidders to host ICC events for the proposed 2023-31 rights cycle.

    In response to the ‘expression of interest’ communication sent out to all members’ boards, including the associate nations, the ICC has received 93 offers for 28 events to be staged in the eight years, from 15 member boards. Sources in the know confirmed that India, England and Australia have responded as well. “Three member boards did not get into specifics of any event. A total of 18 boards responded,” the source said.

    The proposed rights are contentious as the ICC plans to schedule one world event every year from 2023 to 2031. At the heart of the dispute is the introduction of two additional world events–a 10-nation T20 Champions Cup in 2024 and 2028. This scheduling would eat into any bilateral cricket that bigger boards like the Board of Control for Cricket in India (BCCI) may want to plan, for which it currently holds media rights amounting to R 60 crore per match.

    Neither the BCCI nor the ICC wanted to speak on the issue. It’s understood the BCCI’s response is only to stay in contention when discussions on the rights come up in future meetings. When expression of interest was first sought by the ICC last year, the BCCI was reserved in its response. “Increasing ICC events will have wide-ranging repercussions on bilateral cricket and therefore all aspects need to be discussed and analysed threadbare,” wrote the BCCI.

    Apart from the eight main men’s events, ICC is also seeking bidders for the same number of women’s events, the World Test Championship finals every alternate year as well as U-19 World Cups to be staged every two years. Considering the current standoff between the top boards and the ICC over revenue sharing, Future Tours Programme (FTP) and losses due to the COVID-19 pandemic that are yet to be ascertained, the ICC elections this July become crucial.

    https://www.hindustantimes.com/crick...ijgua0yyH.html

  8. #168
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    Tax Exemptions Unlikely According to BCCI Even as ICC Bank on 'Promised Timeline'

    Tax Exemptions Unlikely According to BCCI Even as ICC Bank on 'Promised Timeline'

    An ICC spokesperson said that both parties are trying to reach an amicable solution.

    PTI |May 24, 2020, 8:11 PM IST

    Tax exemption for future global cricket events in India has once again become a bone of contention between the BCCI and ICC as the former gears up to host the 2021 T20 World Cup and 50-over showpiece event in 2023.

    The ICC and BCCI have had a long standing feud on tax exemptions since the 2016 World T20 in India.

    An ICC spokesperson said that both parties are trying to reach an amicable solution.

    "The ICC and BCCI have been working in partnership to address the issue of tax exemptions for ICC events that is a requirement of the host agreement signed by all parties at the beginning of the cycle in 2015 and this work is ongoing," the spokesperson told PTI.

    "There are certain timelines within the agreements that we collectively work towards to ensure we can deliver successful world class events and continue to invest in the sport of cricket.

    "In addition to this the ICC Board agreed clear timelines for the resolution of the tax issues which we are guided by," the spokesperson added.

    While the outgoing ICC chairman Shashank Manohar and chief executive Manu Sawhney have been in constant touch with BCCI president Sourav Ganguly and secretary Jay Shah, the BCCI top-brass didn't like the tone of mail sent by the parent body's legal head Jonathan Hall.

    Hall, in his mail, has written about the BCCI not adhering to timelines on committing to tax exemptions as per the agreement.

    "The tax structure is not decided by the BCCI but by the Indian government. It is our government that decides whether exemption will be possible or not. For the record, Formula One also wasn't given tax exemption," a senior BCCI official told PTI.

    Prior to 2016 World T20, the BCCI got tax exemptions for global events, as stated in an earlier documentation of the erstwhile Committee of Administrators (COA).

    Normally, the ICC seeks exemption on excise duties for importing TV production equipment and ticketing. But in this case, Star Sports, which also has the BCCI's home match rights, has a set up in India. This had been the bone of contention during 2016 Word T20 also and that matter is up for hearing in the ICC tribunal.

    "We understand that as the nomination process of new ICC chairman starts on Tuesday, suddenly there has been a flurry of communication. You can be rest assured that T20 World Cup in 2021 and 2023 ODI World Cup is going nowhere.

    "As far as timeline is concerned, we had told ICC that unless lockdown is lifted, we can't have discussions with government officials," the influential member said.

    Even an ICC Board member said that discussions should be on to find a plausible solution as the first deadline for tax exemption was December, 2019.

    The tax issue finds mention in a COA document of July 6, 2019, when the BCCI legal team was asked to get in touch with a British law firm as legal cases pertaining to ICC falls under the UK law.

    Link: https://www.news18.com/cricketnext/n...e-2635409.html

  9. #169
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    Stop being cheap, ICC.

    Pay your taxes like we all do.

  10. #170
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    Quote Originally Posted by freelance_cricketer View Post
    Stop being cheap, ICC.

    Pay your taxes like we all do.
    They are registered in Dubai and I believe they are not obligated to pay any taxes. Iím must be incorrect here but UAE is a tax haven country.

  11. #171
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    Quote Originally Posted by Bezli View Post
    They are registered in Dubai and I believe they are not obligated to pay any taxes. Iím must be incorrect here but UAE is a tax haven country.
    They are obligated to pay taxes to host nation's government for holding their mickey mouse tournament there.

  12. #172
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    Its getting ugly between Bcci and ICC. ICC has apparently threatened to terminate Bcci's contract for holding the 2021 and 2023 events.

    Bcci on the other hand has decided to take it to the board room for a vote, where they know they will outvote the 3-4 guys behind this.

    On top of that Star hopes to get 45 percent of its pay out from these two events out of the 8 years after they suffered loses in the england WC event. And they will have their say.

  13. #173
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    Hopefully India loses hosting rights. Would love that to happen. Hopefully Sri Lanka or Bangladesh host 2023 WC. I would love Pakistan to but it's unreasonable to expect that so soon. maybe in 2027 or 2031.

  14. #174
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    ICC knew that India will not grant it tax exemption. Why is it trying against hopes again? Either grow a pair and take the tournament away from India or suck it up, pay the taxes and stop complaining

  15. #175
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    Quote Originally Posted by Savak View Post
    ICC knew that India will not grant it tax exemption. Why is it trying against hopes again? Either grow a pair and take the tournament away from India or suck it up, pay the taxes and stop complaining
    And how successful will be a tournament without India playing? Will the sponsors and Broadcasters pay ICC the same money?

  16. #176
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    Why is the ICC asking the BCCI about tax exemptions? This controlled by the govt. BCCI does have a say in tax policies. Shouldn't this be between the ICC and the Govt.?

  17. #177
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    Quote Originally Posted by cricketjoshila View Post
    And how successful will be a tournament without India playing? Will the sponsors and Broadcasters pay ICC the same money?
    Lol, so if the ICC takes the tournaments away from India, will India threaten to boycott the tournaments?

  18. #178
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    Quote Originally Posted by U$ofA View Post
    Why is the ICC asking the BCCI about tax exemptions? This controlled by the govt. BCCI does have a say in tax policies. Shouldn't this be between the ICC and the Govt.?
    ICC is pushing the BCCI to negotiate with the govt on its behalf. The BCCI took the position that it did its best to negotiate but could not get the govt to agree.

  19. #179
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    Quote Originally Posted by Savak View Post
    Lol, so if the ICC takes the tournaments away from India, will India threaten to boycott the tournaments?
    I believe the BCCI would have already done so during the last Champions Trophy if not for the CoA. Not saying that would have been the right approach, but that's what I believe.


    If there is a better batsman than Sachin then he hasn't arrived yet: Viv Richards

  20. #180
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    Quote Originally Posted by Savak View Post
    Lol, so if the ICC takes the tournaments away from India, will India threaten to boycott the tournaments?
    Not only Bcci, but the govt as well.

    This is basically ICC taking on govt of India.

    But the thing is Manohar and his 3 supporters will not find enough votes to take away the tournaments.

  21. #181
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    Quote Originally Posted by cricketjoshila View Post
    And how successful will be a tournament without India playing? Will the sponsors and Broadcasters pay ICC the same money?
    ICC isn't saying India can't play in the world cup. But even if they did, I would imagine they could still net 25-40% of the money. England, Australia would still be there.

  22. #182
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    Quote Originally Posted by freelance_cricketer View Post
    They are obligated to pay taxes to host nation's government for holding their mickey mouse tournament there.
    But if another government offers tax exemption...

    Besides, I thought taxes kill capitalism and entrepreneurship.

  23. #183
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    ICC doesnít have the courage to lose out on Indian money

  24. #184
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    Quote Originally Posted by Thunderbolt14 View Post
    ICC doesn’t have the courage to lose out on Indian money
    It's not about courage, it's about being practical and realistic.


    If there is a better batsman than Sachin then he hasn't arrived yet: Viv Richards

  25. #185
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    Quote Originally Posted by Hitman View Post
    It's not about courage, it's about being practical and realistic.
    I meant monetarily. Like you said, practically, it doesnít make any sense to miss out on such huge sums of money

  26. #186
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    Quote Originally Posted by Shutdown Corner View Post
    ICC isn't saying India can't play in the world cup. But even if they did, I would imagine they could still net 25-40% of the money. England, Australia would still be there.
    India wont play if its taken outside India.

    Yes so the loss will be a staggering 60 to 70 percent.

    Taxes will be much lower.


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