Kashmir’s addition in PSL may face hurdles: Najam Sethi

Published: May 9, 2016
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Sethi says addition its high time to add sixth team in PSL. PHOTO: TWITTER/PSL

Sethi says addition its high time to add sixth team in PSL. PHOTO: TWITTER/PSL

Pakistan Super League (PSL) chairman Najam Sethi on Monday said the addition of Kashmir as the sixth team in the second edition of the event may face a few hurdles.

In the inaugural edition, five teams namely Lahore, Karachi, Islamabad, Quetta and Peshawar participated and were given a written security by the Pakistan Cricket Board (PCB) that a sixth team will not be added until the third edition.

Kashmir primed to be PSL’s sixth franchise

“We will not have [a new team] until the third year; that is written,” said Sethi. “But at the same time we are looking at the financials about the addition of a sixth team, in terms of whether it will be Kashmir, Faisalabad, Sialkot, Gilgit-Baltistan or any other team. That decision is pending. We have to weigh the pros and cons and that’s the issue right now but we cannot have it until all franchises agree. Without their consent we can’t make it [happen].”

The disagreement from franchises might come because of the potential cut in their share from the central revenue pool. Sethi said he is trying to convince the five franchises who received 70% of the revenue from the inaugural edition.

Tentative dates finalised for second PSL

“Of course we have to offer guarantee to the teams that they will be better by having a sixth team and have to convince them,” he said. “I have my team working on different values, estimated profits and revenues before pitching this idea to them but this idea is definitely under consideration. Basically, the advice from our finance department is that this is the high time to add sixth team as the values are very high at this stage before the second edition. We have to cash in the hype we have created from the first edition and this may go down next year.”

Sethi also delved into details about the monetary aspects of the first edition and confirmed that each franchise’s spending cap has been increased by 10% from the first edition when it was US$1.2m. He also said they spent extra from their estimated budget but still managed to generate profit.

PCB reaps $2.6m profit from Pakistan Super League

“We beat our own expectations and the asset value of each team has increased drastically,” said Sethi. “Teams aren’t really making profits right now from the market and they need time to make themselves a proper brand but their asset value has gone up significantly. If any of the teams want to sell their team they can get a hike of one million in their original price, which is a welcoming sign.”

He added: “We sold franchises in $9.3million with the first year and revenue from other means was $2.11million for the first edition. We spent $1.22million extra from our estimated budget that was $7.71m; the expenditures were $4.71m in direct and $4.22m in operational cost which is mainly because of the high value of renting the stadium in UAE which cost us $3.27m (Dubai and Sharjah).”

Najam Sethi was interviewed by ESPNcricinfo

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Reader Comments (12)

  • Faisal
    May 9, 2016 - 6:42PM

    I don’t find a reason to include Kashmir as a PSL franchise. Why to politicize this tournament, Naming a franchise is not economical and it might impact the revenue. As Indians also watch this tournament.Recommend

  • tazia
    May 9, 2016 - 8:07PM

    Yes… Modi will not like it and Modi’s friend will never do itRecommend

  • Karrar (Vancouver)
    May 9, 2016 - 9:12PM

    The capital city has been represented, the four provinces are represented too through their respective capitals, and that makes a strong case for Gilgit, the capital of Gilgit-Baltistan to be the sixth team.Recommend

  • sunil vohra
    May 9, 2016 - 10:47PM

    In case Kashmir is included,it is guaranteed that all foreign players of PSL would be banned from playing in IPL by BCCIRecommend

  • Striver
    May 9, 2016 - 11:01PM

    Kashmir andGilgit- Baltistan (G-B) should be a priority for PSL. Franchisees stand to make more money by this inclusion. Greater profit for PSL and therefore more success.
    Just think about it logically how Kashmir and G-B can turn around the fortunes not just for the region but for cricket in PK as a whole. Recommend

  • Khilari
    May 10, 2016 - 3:55AM

    You must be the blind follower of Zac Goldsmith’s friend who was very passionate to run Zac’s mayoral campaign based on islamophobia in London . People living in glass houses should not throw stones at others. Open your eyes and see the [email protected]: Recommend

  • Chacha Jee
    May 10, 2016 - 4:39AM

    Sethi. Shahyar Khan will lose the most prestigious and precious thing they have in their lives to show: Indian Visa. Check Fawad Khan to fond out how important is this stamp on their passports.Recommend

  • ajeet
    May 10, 2016 - 7:09AM

    Isn’t it sold by the pakistanis to the Chinese?Recommend

  • sandeep
    May 10, 2016 - 11:13AM

    kashmir to be included..wait and let me rub the eyes..go ahead and do and get ready for consequenceRecommend

  • Amir
    May 10, 2016 - 4:43PM

    Adding the Kashmir franchise has been a popular demand of Kashmiris not just in Pakistan, but also in the occupied region under India. The PSL had been extremely popular across Kashmir on each side of the border and Google Trends showed that.

    It would be wonderful to include Kashmiris from across the divide into the Kashmiri franchise; for a start the diaspora in the UK with some experience will have to raise their hands but local talent like Afaq Raheem will also be on the show.

    Way to go PCB. We kashmiris support this wholeheartedly. Hopefully you will convince the franchises with your negotiation skills. Recommend

  • Khilari
    May 11, 2016 - 12:42AM

    Don’t get worked up just for nothing. He is talking about AKP and not [email protected]: Recommend

  • Mamma jee
    May 11, 2016 - 12:48AM

    Fawad didn’t come to India on his own, he was invited by Indian directors. Ask your filmi directors to stop inviting them. Have your house in order first then ask others. Keep your Indian visas at [email protected] Jee: Recommend

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