Breaking News

PSL franchises ask PCB for financial relief

According to the reports a majority of the Pakistan Super League (PSL) franchises have demanded financial relief, claiming that they are suffering from significant losses, but are hesitant to submit their financial statements to the Pakistan Cricket Board (PCB) to prove their deficits.

The Pakistan Cricket Board (PCB) made clear that it was already considering the demands of these franchises. Still, it was impossible to evaluate the losses claimed by the Pakistan Super League (PSL) franchises without receiving the financial statements.

According to the Dawn, only Peshawar Zalmi and Islamabad United have provided their financial statements post-2017 edition.

The Pakistan Cricket Board (PCB) is confident that the Pakistan Super League (PSL) 2020 will generate more profit as all 34 matches of the fifth edition will be hosted in Pakistan.

ALSO READ: I would have toured Pakistan: Mashrafe Mortaza

To host the entire Pakistan Super League (PSL), 2020 will benefit the Pakistan Cricket Board (PCB) and the franchises in multiple ways. Firstly, the number of fans who attended the matches in the UAE will be doubled in Pakistan.

Secondly, the Pakistan Cricket Board (PCB) Won’t have to pay the high rents which were being paid in the UAE, so the chances of getting a good profit have arisen by almost 50 percent.

According to the reports, the Pakistan Super League (PSL) franchises are hesitant to submit their financial statements. The Pakistan Cricket Board (PCB) has made clear that it is necessary to provide the financial statements to consider the loss faced by the franchises.

ALSO READ: ICC U19 World Cup 2020 Schedule, Groups, Squads & Points Table

The Pakistan Cricket Board (PCB) is expected to arrange a meeting with the Pakistan Super League (PSL) franchises later this month. Hopefully, the ongoing tussle between the franchises and the cricket board will reach a meaningful result.

Tags

Related Articles

Back to top button
Close