In a surprising turn of events, the franchises of the Pakistan Super League (PSL) have called for an emergency meeting to address the long-standing issue of unpaid dues from the Pakistan Cricket Board (PCB). This development poses a fresh challenge for the newly appointed PCB Chairman, Zaka Ashraf, who has been tirelessly working to improve Pakistan cricket. The meeting, scheduled for Thursday, July 13, comes at a critical time as the PCB strives to elevate the PSL’s status and strengthen its financial foundation.
Despite the Pakistan Cricket Board’s announcement of a substantial revenue of 5 billion PKR, the six PSL franchises are yet to receive their rightful share. As per the contractual agreement between the PCB and the franchises, a profit-sharing model was established, entitling the teams to 95% of the profits while the PCB retained 5%. However, the outstanding payments have led to mounting frustration among the franchises.
Reports indicate that the PSL event generated a total revenue of 5.62 billion PKR. The collective share owed to the franchises amounts to a staggering 5,046,776,989 PKR, while the PCB’s portion stands at 582,534,480 PKR. These figures emphasize the substantial sums at stake and the urgency for the PCB to fulfill its financial obligations.
The emergency meeting called by the PSL franchises sheds light on their dissatisfaction with the current revenue distribution model employed by the PCB. As vital stakeholders in the league’s success, the franchises are eager to resolve this matter promptly and ensure that their legitimate earnings are duly received. This situation places Chairman Zaka Ashraf under further pressure to address the concerns of the franchises and rectify the financial discrepancies.
Watch Video: ‘Hat Na b*cd Samne Se’, Yashasvi Jaiswal Complaints About A West Indian Player To Virat Kohli
The outcome of the emergency meeting will carry significant implications for the future of the Pakistan Super League. It will shape the league’s standing as one of the premier T20 cricket leagues in the world and determine the confidence of franchises and sponsors moving forward. Chairman Zaka Ashraf’s ability to address the concerns and find a swift resolution will be crucial in maintaining the PSL’s reputation and financial stability.
