India confirm Champions Trophy involvement

India confirm Champions Trophy involvement

India confirm Champions Trophy involvement

BCCI also confirmed that India will be participating in the upcoming ICC Champions Trophy and the squad will be announced on May 8.

It was decided that the squad for the series will be picked on Monday. Find us on Facebook too!

The Indian team, led by Mahendra Singh Dhoni celebrate their ICC Champions Trophy win after beating hosts England in the final at Edgbaston, Birmingham on June 23, 2013.

In the wake of the ICC proposing a new financial model which reduces the BCCI's revenues from United States dollars 570 million to USD 293 million, the latter had deliberately missed the April 25 deadline for submission of the squad and that there were speculations that they might pull out of the tournament. The BCCI was outvoted 13-1 last week at the ICC meetings in its bid to stall the new deal which considerably slashes India's share from global events in the 2015-2023 cycle.

"The SGM may be divided on whether to send the Indian team for the Champions Trophy but the CoA is sure about its priorities".

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India has been at loggerheads with the ICC in recent weeks over the revenue and governance models.

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.

The powerful BCCI stands to lose $277 million in revenue over the next eight years under the sweeping changes approved by ICC members. The court-appointed Committee of Administrators (CoA) which is running the BCCI - and to which the Indian board's office bearers have to report until a new constitution is adopted as per the Lodha Committee's recommendations to the board - at one point had to step in to prevent a segment of the board from serving notice to the ICC on the matter.

The BCCI said it was keeping its legal options open, indicating the row was far from over.

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