The Board of Control for Cricket in India (BCCI), in their Special General Meeting (SGM) on Sunday, May 7, made a decision to send the India cricket team for the upcoming Champions Trophy 2017, which starts from June 1 at the Oval, London.
Changes to revenue-sharing arrangements and governance had seen the country's cricket board threaten to pull the team from the competition, which takes place in the United Kingdom in June.
Holders India did not submit a squad for the one-day worldwide tournament by an April 25 deadline after the BCCI failed in a bid to halt a new revenue model being adopted by the global Cricket Council (ICC).
As of date, India have not even named a team for the tournament in England with the deadline for entries well past. Meanwhile, the selection committee of the BCCI is all set to meet in Delhi on Monday. "There has been more than enough negativity surrounding Team India's participation in the ICC Champions Trophy and the sooner the same is put to rest the better" it added.
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.
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However, in a short statement attributed to BCCI secretary Amitabh Choudhary, those fears were allayed - and India will therefore defend the title they won four years ago, also in England.
With the new revenue model getting the nod, BCCI will now have to do with what they have in the eight-year cycle.
It was decided that no legal recourse will be taken against the ICC as dictated by the Committee of Administrators (COA).
".we would be duty bound to bring such decision to the attention of the Hon'ble Supreme Court, communicate our views to the Hon'ble Supreme Court and seek its intervention in the matter as also to take such other steps that we consider necessary to protect the interests of Indian cricket".