The race to personal a Pakistan Tremendous League (PSL) franchise has intensified. Photograph: PCB/File
KARACHI:
The provide of an Rs 850 million central pool revenue assure within the Pakistan Tremendous League (PSL) has been made solely to the 2 new groups.
The present franchises don’t have any such clause of their agreements.
In keeping with particulars, the Pakistan Cricket Board (PCB) has assured the seventh and eighth groups that ranging from PSL 11, they’ll obtain a minimal assured quantity of Rs 850 million every for the subsequent 5 editions.
This has been termed a “minimal central pool revenue assure.” If, in any version, a crew’s share from the central pool falls in need of this assured determine, the PCB will cowl the shortfall. Alternatively, the brand new franchises could also be compensated with a reduction of their participation charge for the subsequent match.
The 5 older franchises should not included on this provide. Officers from a number of present groups confirmed that they’d not been given any such assure.
One official stated, “It might have been good to have such a assure, nevertheless it doesn’t make an enormous distinction to us since every crew’s central pool share typically exceeds Rs 850 million.” They added that the choice was a constructive step to draw new franchise homeowners.
Sources revealed that the proposal got here from the overseas firm conducting the league’s valuation. The 5 present franchises weren’t supplied any main new contracts; they had been merely requested to signal one addendum, whereas the remainder of the contract remained the identical as earlier than. Below the present association, franchises obtain 95% of most industrial contract revenues.
The charges paid by franchises should not a part of the central pool. After the twentieth version, the PCB will decide the share share for franchises.
It also needs to be famous that the Multan Sultans’ affairs might be managed by the PCB throughout PSL 11, after which the crew might be re-auctioned.
