ISLAMABAD, JULY 18: The Pakistan Super League (PSL) teams have officially notified the Pakistan Cricket Board (PCB) in a joint letter that they are expecting their revenue share from the PCB.
By May 5th, the franchises were expected to get 45% of the central revenue pool, which covers player fees and operating expenses. Typically, an extra 10% is set aside for audit adjustments. By July 5th, the franchises anticipate receiving the remaining 45%.
The PCB has not yet mailed the franchises their compensation. According to PCB officials, payments would be made after outstanding dues from various parties are settled, which is why there has been a delay.A substantial amount of Rs 3.1 billion is owed to the PCB by a number of parties, with a major business owing the most at Rs 1.2 billion.
An additional entity needs to pay Rs 7.4 billion. This business will give the board a significant payment, enabling the required modifications.Rs 492 million, Rs 184 million, Rs 147 million, Rs 41.5 million, and Rs 293 million are owed by other parties. After these are paid, each franchise would receive Rs 525 million.
The tenth edition’s schedule, updates on matches in the UK, early payment of dues protection from late payment penalties, and a list of international cricketers available following conversations with other boards were all requested in a recent joint letter from the franchises.Officials don’t seem to be that concerned about the PSL, and teams should hear back from them within a week following the Muharram holidays.
