Colin Graves appointed as chairman of ICC's financial affairs committee

Giles Clarke and Colin Graves at Lord's during the first Test against New Zealand in 2015 Getty Images

Colin Graves has been named as the new chairman of the ICC's financial affairs committee.

The role, which oversees the board's billion-dollar revenues from rights deals as well as the distribution of profits from global tournaments, is one of the most influential within the game's governing body.

It also offers Graves a potential next step as an administrator for when his turbulent term as ECB chairman ends in May 2020.

His popularity within English cricket has waned amid controversy about the impending launch of the board's new Hundred competition, while two directors recently resigned from the ECB board citing their dissatisfaction with his style of leadership.

It remains to be seen whether he will seek re-election at the ECB, and if not, then the ICC role could be a logical next step if he wishes to stay within the game.

Manohar, the ICC's first independent chairman, was re-elected last year for a second two-year term which ends in 2020.

Giles Clarke, Graves' predecessor as ECB chairman, also held the financial affairs role at the ICC, but failed to gain enough support to mount a bid to become ICC chairman.