Pakistan Cricket Board (PCB) and the Pakistan Super League (PSL) franchises have agreed upon a long-standing production cost-sharing deal.
Under the deal, PCB will not increase the franchises’ share in the sponsorship deal – which is currently 85% – it will rather bear the production cost of the matches hosted in Pakistan.
PCB recently signed a $36 million broadcasting deal for three years. But the issue is that the production cost has also increased by $5.1 million, primarily due to the addition of more venues.
For the first time, all three international venues of UAE, i.e. Abu Dhabi, Dubai, and Sharjah will host PSL 4 matches. Similarly, last eight games of the mega T20 tournament are scheduled in Pakistan. These games, including the final, will be played in Karachi and Lahore.
To the franchises’ demand for further increment in the sponsorship deal, the board chairman Ehsan Mani asked the teams to first clear outstanding dues of the players and leave the matter for the next meeting.
As per reports, not a single franchise has deposited the 50% of player’s fee which is due after PSL draft which concluded in November.
According to the agreement, franchises are bound to pay 50% of the fee following the draft, 30% ahead of the PSL and the remaining 20% during the tournament.
It is pertinent to mention here that the two Indian companies Tech Front and IMGReliance, have got the broadcast (India only) and production rights.
Via: Cricket Pakistan