ICC Elections: Jay Shah becomes first BCCI candidate to head ALL-IMPORTANT Finance & Commercial Affairs Committee

ICC Elections: BCCI secretary Jay Shah was elected as the head of Finance and Commercials Affairs on Saturday. Shah’s appointment comes after the re-election of Greg Barclay for another two years. Ex-BCCI President Sourav Ganguly was part of the F&CA Committee until last year, with Shah replacing the former India captain. Follow ICC Election LIVE updates on Insidesport.IN

“Each and every member accepted Jay as the head of the F&CA committee. This is an equally powerful sub-committee apart from the ICC chair (Greg Barclay),” an ICC source told PTI on conditions of anonymity.

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ICC Elections: Jay Shah becomes first BCCI candidate to head ALL-IMPORTANT Finance & Commercial Affairs Committee – Check details

It includes the revenue sharing among the member nations and also the various major sponsorship deals that the global body inks throughout the year. The F&CA committee is always headed by an ICC Board member and Shah’s election makes it clear that he will represent the BCCI on the ICC Board.

The F&CA head’s position used to be India’s during the N Srinivasan era but during Shashank Manohar’s tenure as ICC chairman, the BCCI’s power might have significantly reduced. In fact, during the Committee of Administrators’ tenure, there was a point when BCCI didn’t even have any representation in the F&CA committee.

Former BCCI president Sourav Ganguly was a member of the F&CA committee till last year. “India is a commercial hub of global cricket with more than 70 per cent sponsorship coming from the region. It is imperative that an ICC F&CA should always be headed by BCCI,” the ICC source said.

Because many including PCB and associate nations have been asking for a bigger chunk of the ICC fund. BCCI opposed the idea even when Manohar amended the old Big 3 policy, and Shah is likely to make a number of changes with the 50-over World Cup coming up next year.

ICC Elections: Jay Shah becomes first BCCI candidate to head ALL-IMPORTANT Finance & Commercial Affairs Committee – Check details

As far as Greg is concerned, he too was elected unopposed after Zimbabwe’s Tavengwa Mukuhlani withdrew from the process.

The international cricket governing body’s Finance & Commercial Affairs committee decides budget allocations for ICC events and looks after the distribution of money to member countries from the overall revenue pool. More than a week prior to this weekend’s ICC Board meetings in Melbourne, the BCCI team, led by Jay Shah and IPL chairman Arun Dhumal, arrived in Australia. As the BCCI representative (BCCI president from 2019 to October) on the ICC Board, Shah took the seat of former India captain Sourav Ganguly.

Dhumal will be a member of the chief executives’ committee. More significantly, Shah will also be a member of the F&CA and is prepared to succeed Ross McCollum, the former chair of Cricket Ireland, who will be retiring soon, as chair of the committee at its next meeting in March 2023 as quoted by ESPNcricinfo.