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PCB offers more share of central revenue, other financial assistance to PSL franchises

In order to aid in wake of COVID-19 induced losses and disruptions, the Pakistan Cricket Board (PCB) has various plans ready to boost incentives for the franchises of the Pakistan Super League starting next edition.

As per an ESPNCricinfo report, the PCB is considering increasing the share of the central revenue they generate from the tournament form the next year along with fixing the US dollar rate on the franchises' annual fees. The board is also willing to offer financial assistance to the franchises to help them recover a bit of loss generated due to the COVID-19 disruptions of the last two editions.

The PCB has sold the ownership rights of the six franchises till the 10th edition of the tournament, slated to be played in the year 2025 but the report suggested that the new model of revenue sharing will be in place until the 20th edition to be played in the year 2035.

The newly-elected chairman of the PCB, Ramiz Raja hoped that all franchisees will accept the new contractual framework so that both the PCB and they could focus on strengthening the brand value of the PSL.

"Taking into the account legal and contractual framework, the PCB has offered a new financial model to the franchisees with the sole purpose of supporting and resolving their concerns. The PCB expects the franchisees to accept this offer so that we can switch our focus on strengthening the HBL PSL brand,” the PCB Chairman, Ramiz Raja said.

The PSL was launched in the year 2017 when the tournament was played entirely in the UAE. The PCB since then has convinced international players about the security situations in Pakistan and has been able to host the event in Pakistan.

 

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