Board of Control for Cricket in India vice-president Lalit Modi revealed on Tuesday that two venues hosting the ICC [Images] Champions Trophy [Images] are yet to sign the venues agreement due to unresolved budget issues with the ICC.

"The Rajasthan and Punjab Cricket Associations have not yet signed the venues agreement. The Champions Trophy starts in five days and there are some unresolved budget issues which is disturbing," Modi told reporters in Mumbai on Tuesday.

The Champions Trophy begins on October 7, with matches being played at Jaipur [Images], Mohali, Mumbai and Ahmedabad [Images] during the month-long tournament.

The ICC insists that the venues hosting the matches be branding-free, thereby allowing only the official sponsors and partners advertising within the stadium.

Modi also said that the BCCI has finalised comments on its objections to the new Members Participation Agreement with the ICC, which would stand for a total of eight years after the World Cup next year.

"We have finalised the comments and in the next day or so we will forward it to the ICC," said Modi.

The BCCI vice-president said that there are several objections to the MPA, namely "commercial issues, unilateral issues, players issues, language issues and modification of certain laws".

"The MPA will not be signed in its present form. The players will only endorse brands endorsed by the BCCI, not by ICC," he added.

The new Members Participation Agreement has an ambush marketing clause by which the players cannot endorse brands other than ICC's official partners or sponsors for a duration ranging from 6-12 months.

Modi said the BCCI is agreeable to a week's duration before and after an ICC event during which the ambush marketing clause could be applicable.

He added that from next year there will be an ICC event every year and it would severely affect the BCCI and players' interests.

The ICC World Cup is next year and also scheduled are the biennial Twenty20 [Images] and ICC Champions Trophy events.

The BCCI and ICC had been on loggerheads in the past too before ICC events because of the controversial ambush marketing clause.