PCB leaks financial statements of PSL franchises

The Pakistan Cricket Board (PCB) has allegedly leaked financial statements of Pakistan Super League (PSL) franchises.

According to Daily Express, last month franchises demanded an increase their share from broadcasting rights in order to cover their financial loses. In a meeting the board had asked franchises to share their financial statements before taking a decision on their request.

After a few days, the franchises agreed to submit their financial statements — sources from inside the board reported.

But a dramatic development was made when board sent an email to all owners with their confidential financial statements attached in it.

The board initially defended this blunder by stating that it was a measure to ensure transparency. It added that the board’s account details are also mentioned on the official website.

Later the PCB apologised for this mistake after protest from all franchises.

It is still not clear why the board took this step. The PCB can only share these financial statements if the government or any other federal agency demands it.     



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