Spending More Than What We Earn: PSL Franchises Want PCB To Frame New Financial And Ownership Model | SportzwikiSpending More Than What We Earn: PSL Franchises Want PCB To Frame New Financial And Ownership Model
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Spending More Than What We Earn: PSL Franchises Want PCB To Frame New Financial And Ownership Model

PSL
PSL (Credits: Twitter)

The 6 PSL (Pakistan super league) franchises have jointly made a request to the Pakistan cricket board to revise the financial and ownership model of the tournament, opining that it is causing losses to them but benefitting the PCB. The relations between the franchises and the board strained after PCB excluded three franchises -Karachi, Lahore and Multan, from the negotiating table for defaulting on payments.

The franchises were supposed to get 20-22 crores as their share of earnings. The PSL was postponed after league-stage matches due to the COVID-19 pandemic. The franchises have pointed out that they are spending far more than what they earn. A joint letter to the PCB was sent by the franchises intimating the PCB after the last-minute cancellation of the governing council meeting which was scheduled for July 28.

Indian players to participate in Pakistan Super League?
Picture credits: Twitter

Franchises want PCB to be more professional

The PCB insisted on only having a meeting with those franchises who have fulfilled their financial obligations and hence cancelled the meeting scheduled on 28th of July. The 6 franchises insisted that in future only the PCB Chairman or the CEO Wasim Khan should address future meetings between the franchises and the board.

PSL, Platinum Category, PSL 2020 draft
PSL trophy (Image Credit: Google)

The six franchises also claimed in their mail that the response of the board to their problems has been unprofessional. They have also accused that the board’s current policy was causing losses to them but benefitting the PCB

PCB still uncertain on conducting the remaining matches

The PCB still remain uncertain whether to conduct the remaining four matches of the PSL-5, which were postponed due to the sudden outbreak of Covid-19 or announce the winner on the basis of points table position after the completion of the league matches.

PCB, chairman, Ehsan Mani, India, Pakistan,
PCB

If they hold the remaining four games, including the final, the PCB is set to lose around three to four crores in doing so.

 

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