[horizon]

http://timesofindia.indiatimes.com/s...w/58365872.cms

Till late evening, the BCCI has not officially sought an extension, which many could perceive as a show of defiance.

The battle that is ongoing -

http://www.espncricinfo.com/ci/conte...y/1094582.html

It is understood that Manohar made an offer to increase the BCCI's share to approximately $400 million to the CoA, which has been supervising the BCCI since January 30. On April 23 Manohar passed the details of the deal to Choudhury.
...
In the BCCI's counter-offer, given that other shares remain the same while the Indian board gets roughly $280 million more, the extra money will come from removing the shares allotted to the two Associates - Ireland and Afghanistan. In Manohar's model, they were allotted $60 million each over eight years, pending approval of their Full Member status which is up for discussion at the ICC Board meeting on Wednesday and Thursday. The BCCI has proposed that Ireland and Afghanistan be inducted as Full Members from 2019. That leaves another $160 million to be found, which the BCCI believes can be available if the ICC's administrative costs are cut down by $100 million.

The issue of the ICC's administrative costs has been a prickly one. In the financial model devised by Manohar's working group, the ICC's administrative costs were increased to $160 million and stayed flexible. The BCCI argued these costs - and the increase - were "arbitrary".