All the franchises of Pakistan Super League have failed to pay their annual fee to Pakistan Cricket Board (PCB) even after two weeks have passed since the set deadline.
PCB had asked franchisees to pay theĀ annual fee by November 14, but so far no team owner has submitted any money.
The franchise owners are reportedly asking PCB to exempt them from the tax on the fee, but PCB has refused the proposal.
As per sources, PSL team owners asked the board to remove taxes from the annual fee as part of a concession for the loss-making franchises.
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The franchises have made it clear that they cannot pay taxes with the fee as long as they are in the deficit.
The board has, however, maintained that it will cash out the bank guarantees in case of non-payment until the end of November.
Sources well-placed in the PCB confirm that only four out of six teams have paid the guarantees while the fifth one has just paid half of it.
A source has also claimed that the franchises have agreed to pay full fee if the board returns the guaranteed money.
Last week, the franchise ownersĀ also attempted to blackmail the board into increasing their share in the revenue made from the broadcast and sponsorship deals.
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The board is already paying 80% of the broadcast deal and 50% of sponsorship deal as part of the original agreement.
The teams on the other hand claim that the share they are receiving is not sufficient to fulfill their expenditures let alone a profit.
PCB officials have a different perspective as they think not all the franchises are in loss, and therefore have asked owners to submit audit reports so that a precise estimate of damages can be made. The franchise owners have, so far, refused PCB’s requests for an audit.
Via: CricketPakistan
