The International Cricket Council's USD 390 million offer to the Board of Control for Cricket in India (BCCI) still stands, ICC chairman Shashank Manohar has told India Today.

Manohar said ICC recognises India's contribution but insisted that distribution has to be based on equity and good governance.

"ICC is still agreeable to increase BCCI's share to USD 390 million of the total net revenue of USD 1800 million. It is 21.5 percent of the net revenue," Manohar told India Today.

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"England which gets the second largest share is 7.5 percent. India will get Rs 1500 crores more than England. We recognise India's contribution but distribution has to be based on equity and good governance. ICC is aware and conscious of how much money is required to run the game."

Manohar said no revenue model which said India were to get USD 570 million was ever discussed. He termed this hypothetical talk.

"To say India was to get USD 570 million is not true. Such a model was never ever implemented. It was supposed to be implemented from 2016 but many boards had objections and a working group was constituted.

"It is all hypothetical talk which has no basis in fact," Manohar said.

BCCI representatives had tried to play the Champions Trophy card at the ICC meeting. India badly rebuffed. Members told India, if you use a gun, we will use other firearms.

According to the earlier cycle, every board got 62 million.

The revenue model feud between the ICC and the BCCI had taken a turn for the worse when the Indian cricket body outrightly rejected the world body's offer of an additional USD 100 million in the proposed format. "Yes, ICC chairman Shashank Manohar gave us an offer of an additional USD 100 million in the new financial model. In fact, he gave us a deadline to get back to him. From our end, we won't get back to him as we don't even consider it an offer," a senior BCCI source present in Dubai had told PTI this week.

"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 had said.

The Supreme Court-appointed Committee of Administrators wants a resolution and is keen to sit with the ICC and resolve the standoff. The CoA said it does not want to jeopardise players' interest and it would be now interesting to see how India respond to the "standing offer".