Pakistan Super League (PSL) franchises have moved to the Lahore High Court (LHC) against the Pakistan Cricket Board (PCB), seeking alteration in the current financial model of the league.
The PSL teams decided to lodge the case after reportedly suffering huge losses since the inception of the league due to the ‘faulty’ financial model.
Franchises believe that Pakistan’s biggest sporting event, PSL, makes the cricket board richer every year, but they suffer losses.
The franchises have hired esteemed lawyers, Ahmer Bilal Soofi and Salman Akram Raja, to file the petition. The plaintiffs have requested the court to direct the PCB to redress their grievances, and “revise the model of PSL under its statutory mandate and make it financially viable.”
The development came a day after the PCB demanded financial guarantees by September 25 for PSL 6. However, franchises objected to the move, saying that the lack of confidence from the board is disheartening.
PSL franchise owners had also expressed concerns last year, contending that the PCB should trust them with fulfilling the financial obligations for the league. The board had agreed to do away with the requirement for the fifth season and accepted post-dated cheques from the teams. However, two franchises reportedly failed to clear their dues, prompting the board to re-introduce financial guarantees.
The teams are confident that the court will decide the case in their favor.
The Move ‘Surprised’ PCB
However, board officials have another story to tell. According to them, franchises have been invited to discuss the financial model on two different occasions. Instead of responding to the invitation, they decided to approach the court, which is surprising.
PCB cannot comment on this as no notice has been received from the court so far. We anticipate a hearing on Friday, after which we will be able to comment.
Note that the knockout stage of PSL 2020, postponed due to the COVID-19 pandemic, will now be played between November 14 and 17, at Gaddafi Stadium, Lahore.