PSL 9 financial breakdown: Profits and losses details revealed

The Pakistan Super League (PSL) 9 apparently proved beneficial overall, but few franchises might incur losses. 

Matches held in nearly empty grounds in Karachi and rain-affected matches in Rawalpindi affected ticket revenue. Play-offs and the final held at the National Stadium also proved to be less profitable. The increasing dollar rate led to a hike in player salaries and affected team budgets. 

According to reports, ticket sales saw a 17% decrease, resulting in a loss of approximately 100 million rupees. Franchises had requested earlier to start the league in Karachi and end in Lahore, which was denied, causing subsequent losses. 

Learning from this bitter experience, only five matches are planned to be held at the National Stadium for the 10th edition. Players' salaries increased to 37 million rupees due to the dollar's rise. It is estimated that over 7 billion rupees will be accumulated in central income pool, with each franchise receiving over 98 crore rupees. 

However, expenses like player salaries, hotel stays, air ticketing, etc., could range from 55 to 60 million rupees, varying for each team. After franchise fees, many teams might end up in losses. 

Some recovery might occur from sponsorships, but Multan Sultans could face significant losses due to a fee exceeding one billion rupees. Lahore Qalandars and Karachi Kings might also face losses. However, Islamabad United, Quetta Gladiators, and Peshawar Zalmi could benefit. 

PCB is awaiting the outstanding amount from some stakeholders before finalizing accounts. The PSL governing council meeting is expected this month under the chairmanship of PCB Chairman Mohsin Naqvi, where important matters will be discussed and decisions will be made.