PSL franchises owners, PCB to hold meeting regarding revenue sharing model

Production expenses are a major cause of concern for the teams

PSL franchises owners, PCB to hold meeting regarding revenue sharing model PHOTO COURTESY: Twitter/@PSL

The Pakistan Super League (PSL) franchises owners and Pakistan Cricket Board (PCB) will hold a meeting in Lahore on Monday in order to resolve the conflict regarding the revenue sharing model.

According to Daily Express, the owners and PCB officials were happy after the board managed to secure a $36 million broadcasting rights deal for a span of three years. But what made them come at odds with PCB once again was when they came to know that their production expenses have increased up to $5.1 million, due to addition in venues for the event.

It must be noted here that, franchises mostly rely on the income they receive from the broadcasting deal — which is 85 per cent. However, they also have to bear the production cost of the tournament.

In the United Arab Emirates (UAE), PSL matches will be played on three venues — Abu Dhabi, Sharjah and Dubai. While, eight matches — which are scheduled to be played in Pakistan — will be held in Karachi and Lahore.

In the previous edition last year, the production cost was around $2.5 million, however, it is now increased up to $5.1 million.

The franchises had written a letter to the board and asked them to call an immediate meeting of the board of governors in order to have a discussion on this particular issue.

Sources revealed that they will now ask PCB to reconsider their 50 percent share from sponsorship deal and also discuss the relief in taxes.

PSL season four will get underway from February 14 in UAE.