The curious case of PSL's profit
PCB only bagged $600,000 out of the total $2.6 million revenue
Islamabad United bagged the winner's purse of the first edition. PHOTO COURTESY: TWITTER/ ISLAMABAD UNITED
KARACHI:
Pakistan Cricket Board (PCB) on Friday reviewed the audit report of the first edition of the Pakistan Super League (PSL) in its governing board meeting.
The findings of the report showed the profit earned by PCB — estimated to be $2.6 million — as well as the amount handed over to the five franchises, which was worth $2 million, leaving the board with $600,000 for itself.
PSL vows to leave no room for corruption, honey traps
PSL’s first edition, which was held in February 2016 in the UAE, saw five franchises compete for the silverware with Islamabad United crowned as the eventual winners. However, the owners had complained that lack of time for marketing before the event didn’t allow them to generate profits.
It’s an honour to compose PSL anthem again: Ali Zafar
Meanwhile, a PCB official told Daily Express that this leverage will not be available in the second edition of the cash-rich T20 league.
"Earning a profit in the very first edition was a landmark achievement," said a PCB official. "We are expecting more income in the second edition.”
Pakistan Cricket Board (PCB) on Friday reviewed the audit report of the first edition of the Pakistan Super League (PSL) in its governing board meeting.
The findings of the report showed the profit earned by PCB — estimated to be $2.6 million — as well as the amount handed over to the five franchises, which was worth $2 million, leaving the board with $600,000 for itself.
PSL vows to leave no room for corruption, honey traps
PSL’s first edition, which was held in February 2016 in the UAE, saw five franchises compete for the silverware with Islamabad United crowned as the eventual winners. However, the owners had complained that lack of time for marketing before the event didn’t allow them to generate profits.
It’s an honour to compose PSL anthem again: Ali Zafar
Meanwhile, a PCB official told Daily Express that this leverage will not be available in the second edition of the cash-rich T20 league.
"Earning a profit in the very first edition was a landmark achievement," said a PCB official. "We are expecting more income in the second edition.”