The ICC has recently decided to eliminate the Big Three revenue system that allowed India, Australia and England to earn higher revenue than other countries due to the money these three generated. ESPNCricInfo has also revealed that the estimated loss of revenue to the BCCI(Board of Control for Cricket in India) will be higher than the 1,000 crores that the Business Standard calculated. The ICC revenue for 2015-2023, is estimated to be in the range of $2.5-3 billion.
In the previous scheme of things, the BCCI would have generated around $ 400-445 million (approx. 3,000 crores). However, with the new set up, the revenue is estimated to be $255-260 million (approx. 1,700 crores).
The Big Three model was based on the concept that greater contribution would ensure higher returns. The BCCI, ECB(England & Wales Cricket Board) & CA(Cricket Australia) generate the maximum revenue. The BCCI received 17.6-18% of the share while the ECB and CA followed with 5.8-6% and 4.4-4.6% respectively.
Only the BCCI and ECB have taken hits while every other board seems to benefit from the new rule. The two will now earn just 10-10.2% and 4.8-5% of the revenue respectively.
Australia, however, will remain more or less unaffected by this change earning around $110-115 million. All other teams will now earn roughly the same amount as Australia irrespective of the amount they bring in. Ireland and Afghanistan also stand to benefit as their estimated earnings are around $50-55 million over the eight-year period.