Cricket South Africa, originally not in favour of International Cricket Council's (ICC) structural revamp, welcomed the agreement reached on Saturday in Singapore terming it as "significantly different" to the original proposals tabled in January.
"Nothing in life is perfect. All countries, including the so-called 'Big Three' (India, England and Australia) have had to rethink and make concessions and the final terms that were approved today include significant changes from the original proposals," CSA president Chris Nenzani was quoted as saying in a media release issued by the CSA. (Also read: South Africa cheated us, says PCB chief Zaka Ashraf)
"It was key that we remain engaged and an absolute imperative that we should preserve the financial stability of the game over the next eight-year cycle from 2015 to 2023. Not only have we managed to do this but we have created the opportunity for current Associate Members to aspire to play Test cricket - the game's highest form," Nenzani further added. (Sri Lanka to seek new mandate)
As per the new agreement, the winner of the next ICC Inter-Continental Cup will be entitled to take part in a play-off against the bottom-ranked Full Member and, if successful, obtain the Test status. (Related: Srinivasan to become first ICC chairman)
The CSA chief also harped on the fact that there now would be legally binding FTP Agreements between member boards. "We are currently at an advanced stage of discussion with all the Full Members to secure our future tours through to 2023 and we will take comfort in the legally binding FTP Agreements that will be in place," he said.