Pakistan Cricket Board (PCB) has threatened Pakistan Super League (PSL) franchises that it will impose late surcharges if dues are not cleared by the current deadline, a local newspaper reported.
According to the report, PCB has decided to take strict action against the franchises in case of further delay.
The fourth edition of PSL is around the corner, and so far, only two franchises have cleared their dues. The report suggests that some of the teams are yet to submit their annual fees.
Chairman PCB Ehsan Mani had urged the team owners to submit the dues in the last meeting, but no franchise has cleared their full payment.
With the next edition of the league looming around the corner, the board is left with no option but to charge a late fine on a daily basis; the report said quoting a source in PCB.
As per the contract, the board reserves the right to impose a late surcharge, but a few franchises have already raised their concerns on it.
Previously, a post-dated cheque of a franchise had bounced due to lack of funds in the account. PCB officials wanted to take legal action, but they were advised against it by all the franchise owners as it would bring a bad name to the league.
The fourth edition of PSL is going to kick off from February 14 with a star-studded opening ceremony in Dubai. This year, at least eight matches of the league, including the eliminator, semi-finals and the final, will be staged in Pakistan