India will participate in next month's Champions Trophy in England and Wales, the country's cricket board (BCCI) said after a special general meeting on Sunday.
It was decided that the squad for the series will be picked on Monday. It began as a vote against the move to revise the proposed revenue format of the ICC which is now snowballed into a massive standoff threatening to even pull India out of the upcoming Champions Trophy. Holders #India did not submit its squad for the one-day global tournament in England and Wales by the April 25 deadline after BCCI failed to halt a new revenue model to be accepted by the worldwide Cricket Council (ICC). "The All-India Senior Selection Meeting will be held tomorrow, May 8, in New Delhi to pick the team", the BCCI added. The COA had prevailed over the members on the need to select the squad for the tournament without prejudice to the BCCI.
The COA - comprising Rai, IDFC managing director Vikram Limaye, and former Indian women's cricket captain Diana Edulji - was appointed by the Supreme Court after the Board refused to implement Lodha Committee recommendations.
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The top eight sides in the world rankings compete in the Champions Trophy with India winning the last edition in 2013. "We will inform the Supreme Court about their concerns", a source close to COA said.
"It is not in the interest of Indian cricket for BCCI to take any drastic step/measure which may result in breakdown of negotiations between BCCI, ICC and other cricket boards, especially since there is sufficient time between now and ICC conference to be held in June, 2017, for a negotiated outcome to be arrived at", the COA had said.
Cricket's massive popularity in India has helped the BCCI become by far the wealthiest of all of cricket's national boards, netting massive money from sponsorship and TV deals.