PCB shifts burden of PSL production costs to franchises

The Pakistan Super League (PSL) franchises will bear the entire Television productions costs of the upcoming edition of the league scheduled to take place in Pakistan.

Previously, PCB used to take care of the TV production costs of all the matches that were played in Pakistan.

According to sources, some PSL franchises are not happy with the new arrangement as they want to pay only 80 percent of the productions costs and want the rest to be borne by the board.

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However, the PSL franchises are also likely to benefit from the new formula, as their share in the broadcast revenue has been increased from 80 to 95 percent.

It should be noted that the PCB signed a three-year deal worth $36 million with the broadcaster.

The board and franchises are engaged in ongoing discussion over this matter and are soon expected to arrive at an arrangement satisfactory to all stakeholders.