PSL Franchises Haven’t Received Income Share From PCB
Over two months after end of PSL season 4, the Pakistan Super League (PSL) franchises are yet to receive their income share from the Pakistan Cricket Board, a story published in Cricket Pakistan claimed.
According to Daily Express, as cited by Cricket Pakistan, the deadline to issue the funds was May 5, but they have not been dispatched yet. The board has only dispatched 20-30 percent of the share, while the rest of the funds are still to be handed over.
The franchises have sent a joint letter to the cricket board asking them for reasons behind the delay, but the PCB authorities have not responded yet. It must be noted that most of the marketing officials, who were in charge of PSL4, have resigned which could be a possible reason behind the delay.
It must also be noted that PCB follows a strict rule of not allowing franchises some extra time to pay their annual fee, but now the board is going through a similar phase. The board has also opted for complete silence over the matter.
As far as income share is concerned, the winners of PSL4, Quetta Gladiators, along with few other franchises will end up with a profitable year — due to lucrative title sponsorship and broadcasting deals, Cricket Pakistan said.
According to an estimate, the franchises’ total income is around $2.5 million which is to be paid by the Pakistan cricket board.
Naya Daur Media (NDM) is a bi-lingual progressive digital media platform aiming to inform and educate Pakistanis at home and abroad. Subscribe to our YouTube channel here Follow us on Facebook Twitter and Instagram