It looks like that Pakistan Cricket Board (PCB) and Pakistan Super League (PSL) franchises have finally decided the financial model for revenue sharing following their successful meeting in Lahore on Monday.
According to Daily Express, franchises representatives seem satisfied following an assurance from the board that the production cost of the tournament will remain the same as PCB will bare all expenses of PSL matches that are scheduled to be played in Pakistan.
The owners and PCB officials were happy after the board managed to secure a $36 million broadcasting rights deal for the period of three years.
But the situation between PCB and franchises became tense after the board revealed that the production expenses have increased up to $5.1 million, mainly due to addition in venues for the event.
It must be noted here that franchises mostly rely on the income they receive from the broadcasting deal — which is 85%. However, they also have to bear the production cost of the tournament.
For the first time in the competition’s history in the United Arab Emirates (UAE), PSL matches will be played at three venues in Abu Dhabi, Sharjah and Dubai, while, eight matches are scheduled to be played in Pakistan in Karachi and Lahore.
Furthermore, the representatives also asked the board to reconsider its share in sponsorship deal. However, the board asked to franchises to clear their dues first.
Not a single franchise deposited the 50% of player’s fee which is due after the conclusion of PSL draft.
Franchises are bound to pay 50% of the fee following the draft, 30% ahead of the PSL and remaining 20 percent during the tournament.
In the United Arab Emirates (UAE), PSL matches will be played on three venues — Abu Dhabi, Sharjah and Dubai. While, eight matches — which are scheduled to be played in Pakistan — will be held in Karachi and Lahore.
In the previous edition last year, the production cost was around $2.5 million, however, it is now increased up to $5.1 million.
The franchises had written a letter to the board and asked them to call an immediate meeting of the board of governors in order to have a discussion on this particular issue.
Sources revealed that they will now ask PCB to reconsider their 50 percent share from sponsorship deal and also discuss the relief in taxes.
PSL season four will get underway from February 14 in UAE.
Tickets for the HBL Pakistan Super League 2019 Sharjah and Abu Dhabi legs are now available online on www.q-tickets.com/psl.
Details about online Dubai and Pakistan leg tickets will be announced soon while box office ticket sales information for all five HBL PSL (Dubai, Sharjah, Abu Dhabi, Lahore and Karachi) venues will also be shared in due course.
Sharjah would host a total of eight HBL PSL games; the historic venue with the record for staging most One-Day-Internationals (236) will be the centre stage for the HBL PSL matches for the fourth successive year since the inception of the league in 2016.
HBL PSL 2019 arrives at the Sharjah Cricket Stadium on Wednesday, 20 February with a match between Quetta Gladiators and Multan Sultans from 8:00 pm UAE time. Sharjah crowd favourites Peshawar Zalmi take on Karachi Kings on Thursday 21 February at the same time followed by a double-header on Friday, 22 February.