Logos of PSL franschises.

ISLAMABAD: The brand new monetary mannequin agreed by the Pakistan Cricket Board (PCB) and the six Pakistan Tremendous League (PSL) franchises entitled the later to 95% of the share from the central income pool of the league.

Underneath the monetary mannequin, the PSL franchises will get 95% of the revenue share from the central income pool of PSL7, whereas they’ll get a 98% share of the revenue from PSL5 and PSL6 due to COVID-19.

Nevertheless, the franchises are required to pay an extra 25% to retain the rights from the 11th version of the PSL. The PSL franchises wished the clause to be eliminated, however the PCB refused the request.

As per the settlement between the PCB and the PSL, the greenback fee has been fastened at at the moment’s fee of Rs171.

In a declaration, the PCB confirmed that each one the franchises of the PSL have accepted the board’s provide offered within the governing council assembly held final month.

PSL franchises settle for new monetary mannequin

A day earlier, the PCB had introduced that the six PSL franchises had accepted the provide for a brand new monetary mannequin, which was offered to them throughout final month’s Governing Council assembly in Lahore.

A number of the salient phrases of the provide, which the six franchises had accepted, embody a COVID-19 aid for PSL 5 and 6, an upward revision of the Central Pool of Income in favour of the franchises for PSL 7 to PSL 20, and locking of the greenback fee with potential impact.

PCB Chairman Ramiz Raja had welcomed the decision and stated that longstanding issues between the PCB and the franchises had been inflicting distraction and affecting the fame of the model.

“I’m delighted that each one issues have lastly been resolved, which is a giant step ahead in constructing a stronger relationship with the franchise homeowners as we look ahead to working with them to take the PSL to higher and unprecedented heights,” he had stated.

The franchise homeowners, in a joint assertion, had stated: “PSL may be very near our hearts. Since 2016, all of us have labored very laborious to deliver it to the place it’s at the moment. The acceptance of the PCB provide is a sign of our dedication and resolve to creating the PSL a much bigger and higher league that’s participated by the very best gamers, commercially supported by the elite corporations, and watched reside by the passionate cricket followers in Pakistan in addition to globally.”

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *