The Pakistan Super League (PSL) franchises are currently facing uncertainty as they await their revenue share from the Pakistan Cricket Board (PCB). The franchises have formally reminded the PCB of the pending payments through a joint letter.
Payment Delays and Pending Dues
The franchises were supposed to receive 45% of the central income pool by May 5th, covering player fees and operational costs, with an additional 10% withheld for audit adjustments. The remaining 45% was expected by July 5th. However, these payments have not yet been disbursed.
PCB officials have attributed the delay to pending dues from various stakeholders. Payments will be made once these dues are cleared. The PCB is currently owed a total of Rs 3.1 billion by several entities, with the largest single debt being Rs 1.2 billion.
Breakdown of Outstanding Payments
- A major entity owes Rs 1.2 billion.
- Another company has an outstanding payment of Rs 7.4 billion and will contribute significantly to the PCB once settled.
- Additional stakeholders owe Rs 492 million, Rs 184 million, Rs 147 million, Rs 41.5 million, and Rs 293 million.
Each franchise is expected to receive Rs 525 million once all payments are made.
Franchise Requests and Concerns
In their joint letter, the PSL franchises have requested:
- Early payment of their dues
- Exemption from late payment penalties
- Information on the schedule for the tenth edition of the PSL
- Updates on planned matches in the UK
- A list of foreign cricketers available after discussions with other cricket boards
The delay in payments has created a sense of jeopardy for the upcoming PSL season, and the franchises are keen to resolve these financial issues promptly to ensure smooth operations moving forward.
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