PSL5 Draft could be delayed: Latif

Former Pakistan wicketkeeper-batsman Rashid Latif has said that the draft of Habib Bank Limited (HBL) Pakistan Super League (PSL) season five could be delayed due to multiple reasons.     

According to details, Latif said that time constraints and availability of foreign players can prove to be a stumbling block with regards to holding the draft as per schedule — which is usually around November every year.

“PSL5 Draft could be delayed due to less time and availability of foreign players,” tweeted Latif.

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Latif had also said that the HBL PSL is now financially stable but the board is deliberately not releasing payments to the franchises.

“PCB should release PSL4 profit to all 6 franchises. PCB’s profit margin is 200% but franchises are not happy,” he added.

Earlier, the franchises had refused to deposit bank guarantee, for the fifth edition of the country’s premier T20 league.

The franchise owners have reservations on several issues but one of the major areas of concern is regarding the financial accounts of previous edition. Nearly six months have passed but the PCB is yet to finalise the HBL PSL financial statements, which is why the franchises have decided against depositing bank guarantee.  

The franchises are also of the opinion the PCB should no longer obtain bank guarantee because the league is now stable enough to operate without it.

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