During ICC meeting, voting was held related to “Big 3” in which 8 votes were casted against the model while only 2 votes come in favor of “Big 3” which has practically closed the chapter of “Big 3” in ICC.
In 2014, the “Big 3 Model” was implemented by India, England and Australia under which the three countries controlled the financial and administration matters of international cricket. Under this model, these three countries would receive 27.4% share of the whole revenue of ICC in the next 8 years out of which the share of India was 20.3% while 4.4% and 2.7% were the shares of England and Australia respectively. But now, the demand of BCCI was $570 million while ICC offered $400 million to the giant from ICC revenue.
A new governance and revenue distribution model was presented by ICC in February 2017 after taking back its 2014 model but the new model was rejected by India. After this rejection from India, ICC organized voting on the matter of “Big 3 Model” during ICC Board’s meeting during which 8 votes came against the model and only two were casted in its favor which ended the “Big 3 Model” from ICC. During the ICC annual meeting in June 2017, this procedure regarding “Big 3” will be finalized.