In the new PSL financial model, the Pakistan Cricket Board (PCB) has offered the Pakistan Super League (PSL) clubs a higher portion of the central revenue pool as well as other incentives. The PCB introduced the new financial model to resolve a long-standing dispute between PSL teams and the cricket body over the previous financial model.
PSL franchisees had previously taken PCB to court over the financial model, believing that PCB had been unjust in keeping the majority of the money while the franchises bore the brunt of the league’s financial woes.
Despite the tournament’s success, the majority of PSL franchises have yet to break even on their investment, according to details.
Over the weekend, the topic was also discussed at a meeting between the PCB, chaired by newly elected chairman Ramiz Raja, and PSL franchise owners. While the PSL team owners were enthusiastic about the league’s new approach, they expressed reservations about the financial model.
On Monday, the two parties met again, with the PCB presenting a new financial model, which the PSL franchise owners found suitable and are expected to agree.
For future editions of the competition, the PSL franchises will receive more than 90% of the profit share, according to the new financial model. PCB has also supplied financial assistance for the tournament’s previous two editions, which were impacted by the COVID-19 pandemic. The PCB will reveal further information on the financial model once the PSL franchises have approved the amended model.