ICC deadline crossed, here's why India have not announced its Champions Trophy squad

New Delhi: All the seven other countries including hosts England have announced their 15-member squad for Champions Trophy, slated to begin in June, barring India. And the reason behind it is the revenue model feud between the ICC and the BCCI. The revenue feud, which escalated when ICC decided to remove its big three model continued on Tuesday with the Indian cricket body out rightly rejecting the world body's offer of an additional USD 100 million in the proposed format. The ongoing feud between BCCI and ICC and the former’s delay in announcing the squad for the Champions Trophy has given rise speculations of India’s unavailability in the tournament. The ICC deadline to announce the squad was 25th April and the BCCI has given no indication of the selection meeting yet. Does that mean defending champions India is really going to pull out from the Champions Trophy? Not really, as the ICC does allow countries to announce its squad after the deadline under certain circumstances. "Tell me one thing, if we name the squad, say for example on May 5, will ICC bar us from participation. We have a settled squad and naming it is a mere formality," a senior BCCI source present in Dubai told. Indications are clear that India’s squad is more or less certain and it is the revenue feud that is keeping a hold on it. Asked why the ICC’s additional USD 100 million offer is not even being considered, the official blamed it on the trust deficit between Manohar and the BCCI. "The offer came from Manohar. He is the chairman but ICC is a members' body and the chairman doesn't decide who gets what share of the pie. It's the members who decide. We are still working on the formula with all nations. They are receptive. Mr Manohar doesn't decide what should be BCCI's share," the official added. The BCCI has been at loggerheads with the ICC on the proposed revenue model which considerably cuts down India's share. In the existing revenue distribution model, BCCI gets USD 579 million from the ICC. If Manohar's proposal is passed by the ICC, then BCCI's share comes down drastically to USD 290 million which even the Committee of Administrators (COA) had found unacceptable. In fact, Vikram Limaye, after attending the last ICC Board Meeting, had objected to the model terming it as something based on good faith and equity. When asked what will be the BCCI's stand on the issue, the official explained how they plan to work it out. "Let us take the example that BCCI were being paid Rs 500 and others are being paid Rs 100. Now these member nations have been promised Rs 175 Or let's say Rs 200. What Mr Manohar is trying do is to reduce BCCI's share to Rs 300 in order to increase their share," he said. Asked what's the solution, he said, "We are assuring the member nations that even if our share remains Rs 500, we promise to create a model to increase their share to Rs 200. But please have faith that we can propose a revenue generation model." He concluded.