The secretary of the Board of Control for Cricket in India (BCCI), Jay Shah, is poised to succeed Greg Barclay as the new chairman of the International Cricket Council (ICC), The Age reported on Wednesday (August 21).

During a video conference, Greg Barclay informed ICC directors, including Cricket Australia's chair Mike Baird, that he will not seek a third term as chairman. Barclay's decision comes after learning of Jay Shah's intention to replace him in November. With support from the cricket boards of England and Australia, Shah has the necessary backing to be appointed as the new ICC chairman.

The Age reported that Barclay's resignation comes amid a $3 billion USD ($4.46 billion AUD) dispute between the governing body and its major broadcast rights holder, Star.

"Two sources with knowledge of discussions, speaking on condition of anonymity because negotiations are confidential, confirmed the move late on Tuesday night," the report added.

Neither Shah nor the ICC has officially confirmed the appointment yet. The deadline for submitting official nominations for the position is August 27.

An ICC chairman is eligible for up to three terms of two years each. Greg Barclay, a New Zealand-based attorney, has completed four years in the role so far. Under ICC rules, the chairman's election requires a total of 16 votes, with a simple majority of nine votes (51%) needed to win. Previously, a two-thirds majority was required for election to the position.

Shah, the son of India's Home Minister Amit Shah, is regarded as one of the most influential figures in the ICC boardroom. He currently chairs the ICC's powerful Finance and Commercial Affairs (F&CA) sub-committee.

Previously, Jagmohan Dalmiya (1997 to 2000) and Sharad Pawar (2010 to 2012) have served as presidents of the ICC, while N Srinivasan (2014 to 2015) and Shashank Manohar (2015 to 2020) have held the position of chairman. 

Shah will become the fifth Indian to lead the ICC when he officially succeeds Barclay in November.