India may lose the opportunity to host upcoming ICC Champions Trophy in 2021. It is learned that the lack of tax exemptions by the Indian government to ICC events in the country may lead to cricket’s apex body shifting the event to another country.
The International Cricket Council (ICC) did go on to say that, along with the BCCI it will continue to engage in a dialogue with the government to arrive at a suitable conclusion.
”In other matters, the Board expressed their concern around the absence of a tax exemption from the Indian Government for ICC events held in India despite ongoing efforts from both the ICC and BCCI to secure the exemption which is standard practice for major sporting events around the world.”
“The Board agreed that ICC management, supported by the BCCI will continue the dialogue with the Indian Government but in the meantime directed ICC management to explore alternative host countries in a similar time zone for the ICC Champions Trophy 2021,” it added.
ICC also announced that Afghanistan and Ireland, who were granted Full Member status in June 2017, will receive increased fund allocations.
"ICC Board agreed a revised financial model incorporating increased allocations for Ireland and Afghanistan as the newest Full Members of the ICC. The new model will see Ireland and Afghanistan each receiving a percentage of the projected surplus, amounting under current projections to approximately USD 40m each over the course of the current eight year commercial rights cycle."
PepsiCo chairman and CEO Indra Nooyi will join the Board as the first independent female director from June 2018.