The Pakistan Cricket Board (PCB) has threatened to cash bank guarantee if Pakistan Super League (PSL) franchises failed to deposit their annual fees by 2 PM on December 3.

The situation became tense suddenly on Wednesday when PCB’s Chief Financial Officer Badar Manzoor sent an email to all the franchises.

According to Daily Express, he used some threating words in the email and gave the deadline of December 3 to clear all dues or the board will cash their bank guarantees.

Interestingly, one franchise hasn’t even deposited its bank guarantee yet. The franchise has only deposited half of the actual amount.

According to the procedure, the board has a legal right to cash the bank guarantee after issuing notice to the defaulter franchises — a procedure which the board adopted earlier as well.

Franchises are unhappy with this behavior of the board as they are currently negotiating with the government to get relaxation in taxes.

The board had issued the invoice on November 16 and asked all franchises to immediately clear their remaining dues.

During the meeting in Islamabad, a franchise owner had asked the PCB chairman Ehsan Mani to return their bank guarantee so they will be able to pay the annual fee. Following that demand, others joined in over the same stance, a source from inside the board reported. However, the board refused to accept this demand.