Quetta Gladiators has comes out on top regrading financial matters with PCB to become the first team to clear all financial dues ahead of PSL’s latest edition.
Quetta is the only franchise that has completed all dealings with the board since the start of Pakistan Super League in 2016.
A spokesperson from Gladiators said:
While we can’t comment on the other franchises and whether they have cleared their dues with the PCB or not, the Quetta Gladiators has always cleared all dues well before the deadline.
PCB also responded to Quetta’s claims by verifying that Quetta did indeed pay what they owed to the board. One official from the cricket board said:
Yes, Quetta Gladiators, owned by famous business tycoon Nadeem Omar, has been the most punctual and consistent among all the PSL franchises and have been fulfilling all their commitments so far.
The official revealed big financial concerns and told that third edition might be in jeopardy since rest of the franchises have failed to financially assist the board. The official told.
It is, indeed, true that the PCB is facing a major financial crisis due to the non-payment of dues by five of the PSL franchises that has put the third edition of the popular league in doubt.
Urgent meetings have been called to deal with the grim situation and the Board is looking at various ways and means to salvage it.
According to recent developments, Defending champions Zalmi says that they have also cleared all dues with the board. Zalmi’s media wing says:
Peshawar Zalmi would like to clarify that we on our part have cleared all the necessary fees and payments (including taxes) with PCB and no payments remain in balance.
Shortage of Money?
PCB updated the statement and told that only three teams have now paid full dues. Two have failed to pay any amount so far while one has paid the annual amount. The franchise that paid partial amount needs time for another payment of $600,000.
According to sources, delay in payment is due to the lack of sponsors’ interest in franchises. The reason behind this lack of interest is sponsors think PSL isn’t getting enough media coverage and promotion.
PCB, however, says that it will need money to initiate third edition of Pakistan’s league. The board further stated that it will take action against franchises who fail to clear their dues. According to contract between board and teams, PCB can take over franchises who don’t clear their financials within time span.