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PCB, PSL franchises reach agreements on issues related to revenue sharing

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All the six franchises of the Pakistan Super League have accepted the new proposals from the Pakistan Cricket Board that included the creation of a central revenue pool for the tournament, locking dollar rate, and COVID-19 relief for the editions for the tournament ravaged by the Covid-19 pandemic.

These proposals were made to them in the latest round of governing council after the election of Ramiz Raja as the chairman of the PCB.

The issue of central revenue pool and a fixed dollar rate has been contentious for the franchise in the past and the PCB would be elated to resolve the issues before the next edition.

Ramiz Raja expressed his delight in reaching a consensus on the issues that he said were causing “distraction and harm” to the brand of the PSL. He called the agreement a stepping stone towards building a “stronger relationship” with franchises on the path of “unprecedented heights” for the PSL.

“The longstanding matters between the PCB and the franchises were causing distraction and affecting the reputation of the brand. I am delighted that all matters have finally been resolved, which is a big step forward in building a stronger relationship with the franchise owners as we look forward to working with them to take the HBL PSL to greater and unprecedented heights,” Raja said in the PCB statement.

Franchises owners also shared satisfaction over PCB accepting their long-standing demands, which they said is an indication of their commitment and resolve to make PSL better than it has been in the past.

“HBL PSL is very close to our hearts. Since 2016, we all have worked very hard to bring it to where it is today. The acceptance of the PCB offer is an indication of our commitment and resolve to making the HBL PSL a bigger and better league that is participated by the best players, commercially supported by the elite companies and watched live by the passionate cricket fans in Pakistan as well as globally,” The franchise owners said in a joint statement.

Ramiz Raja has been in action since rising to the top of the PCB brass and although he has a lot of issues at his table to find resolution of, he is not ducking any of them as of now. 

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