PSL News

PCB issues warning to PSL franchises

The rifts between the Pakistan Cricket Board (PCB) and the (HBL) Pakistan Super League (PSL) franchises continue to foster, which is leading to concerns ahead the next edition of the of the league.

reputation of the Pakistan Super League T20 being a financially stable event is under a cloud after the six participating franchises refused to submit bank guarantees for the tournament’s fifth edition.

The Pakistan Cricket Board (PCB) has made it a rule for the participating franchises to submit bank guarantees for the next edition six months before the start of the tournament.

But the franchise owners, after a recent meeting with PCB Chairman Ehsan Mani and officials have declared a war and made it clear that they will not be submitting bank guarantees until the board first sends them complete audited accounts of the fourth PSL edition.

Now Pakistan Cricket Board has issued warning to Pakistan Super League (PSL) franchises.

According to details, the PCB officials have yet to address the reservations of the HBL PSL owners despite repeated promises.

The issues have created an air of distrust between the parties involved. The matter which should have been resolved through diplomacy has now worsened due to a hard-line stance from the PCB.

The PCB is sending constant letters to the HBL PSL franchises to deposit bank guarantees; however, no franchise has completed the task so far.

The PSL franchises are demanding their due share, from the previous edition of the league. More than six months have passed, yet the financial report of the HBL PSL 4 has not been finalised. Lawfully the franchises should have received their shares by now.

The franchises are also of the opinion the PCB should no longer obtain bank guarantee because the league is now stable enough to operate without such an obligation.

The seriousness of the matter can be gauged through the emails sent by the PCB to the franchise owners. The officials have clearly stated that the franchises inability in depositing the bank guarantees would have serious implications on the draft process.

“The failure of sending bank guarantees to the PCB by the franchises will have serious implications on the draft process which will not be hosted as per schedule. All franchises are instructed to send bank guarantees within a 10 day period. Failure to do so would result in action being taken,” the email stated.

The franchise owners are also distressed about the conflicts of interests rule and then its subsequent removal with the appointment of Misbah-ul-Haq as head coach and chief selector of the national side. He will also be taking part in the league in a coaching capacity.

The new PSL management has failed to resolve the outstanding issues that plague the league. PCB Chairman Ehsan Mani had handed over the role of managing the league to the Chief Executive Officer (CEO) of the PCB Wasim Khan.

The CEO in turn handed over the responsibility of managing the league to Director Commercial Babar Hamid, who has not been able to find an amicable solution so far.

 

Via: Saleem Khaliq / Cricket Pakistan / Express Tribune

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