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PSL franchises yet to receive income share from PCB

The board has not dispersed payments despite the end of deadline

PHOTO: AFP

The Pakistan Super League (PSL) franchises are yet to receive their income share from Pakistan Cricket Board (PCB), related to the fourth edition of the event.

According to Daily Express, the deadline for these payments was May 5 but PCB is yet to disperse them, as we reach close to two months from the final of PSL on March 17, 2019.

By now the board must have distributed the first part, 20 to 30 per cent, of franchises’ income share from PSL4.

 The franchises also wrote a joint letter to the PCB, asking them about the reason behind the delay, but the board officials did not respond with a clarification.

It must be noted that most of the marketing officials, who were in charge of PSL4, have resigned which could be a possible reason behind the delay.

Interestingly PCB has always adopted a strict policy of not allowing franchises additional time for payment of yearly fees, but now that they face a similar conundrum, the board has opted for complete silence on the matter.  

As far as income share is concerned, the winners of PSL4, Quetta Gladiators, along with few other franchises will end up with a profitable year — due to lucrative title sponsorship and broadcasting deals.

According to an estimate, franchise will earn upto $2.5 million from the central income pool this year.