Bangladesh’s proposed series to bring PCB almost Rs40m
Budget details obtained by The Express Tribune shows the future is bleak for the board.
KARACHI:
The Pakistan Cricket Board (PCB) expected to earn Rs39.44 million from a series against Bangladesh if it does take place, according to the budget details obtained by The Express Tribune.
While Bangladesh expressed interest in touring Pakistan for a short series earlier this year, they were forced to postpone the tour due to a Dhaka court issuing a stay on the tour.
However, the Rs700m deficit budget that was approved last week, includes that figure, showing that the PCB is still hopeful of the tour taking place.
In addition, the board is also likely to earn a hefty Rs649.2m through the series against Australia, likely to be held in the UAE, while the expenditure has been put around Rs187.03 million.
The PCB announced its budget for the fiscal year and stated that the deficit was due to the country being unable to stage top-flight international cricket since March 2009, hampering its earnings and revenues. However, despite teams’ refusal to tour, it has not derailed PCB’s plans as it looks to spend Rs2.996 billion this year with an estimated revenue of Rs2.266 billion.
PPL, series with India to turn the tables
What gives PCB the confidence to continue the spending spree is the possibility of a series against India and their promise of sharing the revenue with Pakistan.
Organising the Pakistan Premier League this year has also increased PCB’s hopes of making a hefty profit that will lay to rest all doubts of a budget deficit again. While both have not been accounted for in the budget, the PCB remains hopeful of earning good money from the potentially huge projects.
The budget details also see a rise in expenditure related to general and administrative issues — from last year’s Rs608m, the board is looking at a bill of Rs778.53m this time. Meanwhile, in the upcoming 2012 World Twenty20 in Sri Lanka, the board will earn Rs546.25m through sponsorships.
As far as the women’s team is concerned, the PCB is looking at a loss of Rs28m. The domestic Super-Eight T20 event will help the PCB make a profit of Rs7 million (earning Rs18m while spending Rs11m). The board will spend Rs 12m on the main Twenty20 event while earning receiving Rs 18m.
PCB will also receive Rs99m through sponsorships — Mobilink (Rs 15m), sports clothing (five million rupees), domestic tournaments tv rights (Rs 14m), official beverage (Rs 60m) and video streaming (five million rupees).
New projects, more expenditure
According to a PCB official, ever since Zaka Ashraf has taken over the reigns, hefty amounts has been spent on several special events as well which has not pleased some of the governing board members and senior PCB officials who feel that the chairman is ‘wasting money’.
“More than Rs10m is allocated to special events and high-profile meetings — an expenditure that should be one million rupees,” said an outgoing GB member.
While the board will receive Rs64m under the banner of a ‘rental project’, it has also been understood that Dav Whatmore, Pakistan’s head coach, is drawing a salary of Rs16.38m per year (Rs 1,365,000 per month) while Rs8.91m (Rs 742,500 per month) is being given to fielding coach Julien Fountain.
The PCB has set Rs8.91m per year for the bowling coach who is yet to be selected by the board.
Published in The Express Tribune, June 29th, 2012.
The Pakistan Cricket Board (PCB) expected to earn Rs39.44 million from a series against Bangladesh if it does take place, according to the budget details obtained by The Express Tribune.
While Bangladesh expressed interest in touring Pakistan for a short series earlier this year, they were forced to postpone the tour due to a Dhaka court issuing a stay on the tour.
However, the Rs700m deficit budget that was approved last week, includes that figure, showing that the PCB is still hopeful of the tour taking place.
In addition, the board is also likely to earn a hefty Rs649.2m through the series against Australia, likely to be held in the UAE, while the expenditure has been put around Rs187.03 million.
The PCB announced its budget for the fiscal year and stated that the deficit was due to the country being unable to stage top-flight international cricket since March 2009, hampering its earnings and revenues. However, despite teams’ refusal to tour, it has not derailed PCB’s plans as it looks to spend Rs2.996 billion this year with an estimated revenue of Rs2.266 billion.
PPL, series with India to turn the tables
What gives PCB the confidence to continue the spending spree is the possibility of a series against India and their promise of sharing the revenue with Pakistan.
Organising the Pakistan Premier League this year has also increased PCB’s hopes of making a hefty profit that will lay to rest all doubts of a budget deficit again. While both have not been accounted for in the budget, the PCB remains hopeful of earning good money from the potentially huge projects.
The budget details also see a rise in expenditure related to general and administrative issues — from last year’s Rs608m, the board is looking at a bill of Rs778.53m this time. Meanwhile, in the upcoming 2012 World Twenty20 in Sri Lanka, the board will earn Rs546.25m through sponsorships.
As far as the women’s team is concerned, the PCB is looking at a loss of Rs28m. The domestic Super-Eight T20 event will help the PCB make a profit of Rs7 million (earning Rs18m while spending Rs11m). The board will spend Rs 12m on the main Twenty20 event while earning receiving Rs 18m.
PCB will also receive Rs99m through sponsorships — Mobilink (Rs 15m), sports clothing (five million rupees), domestic tournaments tv rights (Rs 14m), official beverage (Rs 60m) and video streaming (five million rupees).
New projects, more expenditure
According to a PCB official, ever since Zaka Ashraf has taken over the reigns, hefty amounts has been spent on several special events as well which has not pleased some of the governing board members and senior PCB officials who feel that the chairman is ‘wasting money’.
“More than Rs10m is allocated to special events and high-profile meetings — an expenditure that should be one million rupees,” said an outgoing GB member.
While the board will receive Rs64m under the banner of a ‘rental project’, it has also been understood that Dav Whatmore, Pakistan’s head coach, is drawing a salary of Rs16.38m per year (Rs 1,365,000 per month) while Rs8.91m (Rs 742,500 per month) is being given to fielding coach Julien Fountain.
The PCB has set Rs8.91m per year for the bowling coach who is yet to be selected by the board.
Published in The Express Tribune, June 29th, 2012.