The Federation of International Cricketers' Association warned that the players may stage a revolt against the ICC if it continues to be "paralysed" by the BCCI and remains "incompetent" in its handling issues in the sport.
FICA's international legal adviser Ian Smith said the resentment among the players against the ICC is so strong that they are ready to break ranks and run the show themselves.
In fact, the FICA's world conference in Texas next month, may actually see a no-confidence vote against the ICC's current set-up.
"The two days [of the conference] will be dominated by Indian cricket, what to do about the IPL, Twenty20 and Stanford," Smith was quoted as saying by The Guardian.
"People are increasingly seriously asking why aren't we walking away. The competence of the administrators is being called into question at a policy level," he added.
Smith said the players have realised their worth after being showered with millions of dollars by the Indian Premier League and its rival Indian Cricket League and feel they are better prepared to handle the game's functioning.
"We believe that because the players are better organised and that talent has been radically revalued by the Indian leagues it's time to look at whether the players can do a better job than the current policy makers," Smith said.
Besides, "the mismanagement of Harbhajan Singh's alleged racist slurs against Australian all-rounder Andrew Symonds" during India's tour Down Under has also irked the players' body.
"There's no trust between the top level of cricket administrators and the guys who play it. The structure of the ICC is wrong for world cricket. They've cocked up on every single policy issue," he said.
"You can't have 10 people on the ICC board voting on every single issue out of self-interest. We want an independent executive answerable to its shareholders once a year at an AGM," he added.