At the time, the Board of Control for Cricket in India (BCCI) stood in support of smaller cricket boards like Bangladesh, West Indies, and Zimbabwe. However, ICC Chairman Jay Shah, formerly the BCCI Secretary, is now reassessing the feasibility of implementing this old formula.

If the "Big Three" system is implemented, teams like Bangladesh and Zimbabwe may face challenges, losing opportunities to play Test matches against the likes of India, Australia, and England.

Bangladesh, for instance, has not toured England or Australia for a Test series in nearly 15 years. A permanent exclusion from such matches would result in a significant revenue loss for these smaller boards.

There appears to be little concern from the ICC or Jay Shah about this potential impact on smaller boards. Shah is reportedly planning meetings with Cricket Australia Chairman Mike Baird and England and Wales Cricket Board Chairman Richard Thompson to discuss the formula. Additionally, the BCCI has called for a Special General Meeting on January 12 to deliberate on its implementation.

According to reports, the "Big Three" formula cannot be introduced before 2027 due to the ICC’s Future Tours Programme (FTP) and tournament schedules already in place until then. However, if discussions between the ICC Chairman, BCCI, CA, and ECB progress positively, the two-tier Test system could be introduced within two to three years.

The ICC claims that this new system, focusing on frequent home-and-away Test series among the Big Three, will boost viewership and rejuvenate Test cricket.

Increased revenue is also anticipated from such matches. However, the future of bilateral Test series involving other Test-playing nations remains unclear.