Following the spat between the ICC and the BCCI regarding the new revenue model, India accepted the terms after much negotiation from both parties. They will officially receive $405 million (roughly 2600 crores), which is more than what England receives (139 million). The Indian governing body had initially demanded a revenue of $570 million which was deemed unacceptable by Shashank Manohar, ICC Chairman.
At an earlier meeting to ratify the new model, India objected but lost the vote 1-13. But despite all this, the BCCI still benefits from the deal as they are entitled to 22.8% of the revenue share. the England Cricket Board comes next with a 7.8% share of the $1536 million. Since the BCCI is the most influential cricketing body, it obviously gets the lion’s share of the cricket boards’ revenue. While 86% goes to the ICC members, the remaining amount is divided among the associate members.
The amount was initially $293 million but the BCCI rejected that as well as a proposed $100 million extra, they even threatened to pull out of the Champions Trophy. Finally they managed to settle for $405 million