The ever-going dispute between Pakistan Super League (PSL) franchises and Pakistan Cricket Board (PCB) has come to an end after all the franchises decided to submit their annual fee, The News reported today.
According to the paper, all six franchises paid their dues to the Board on the final day of the three-week deadline assigned to them on a condition to have a more logical and workable financial model from next year onward between the two major stakeholders.
“Yes, we have submitted the annual fee with the PCB with a hope to have more logical and workable financial package from the next year onward,” a franchise owner was quoted as saying.
“We have been promised by the PCB that a new financial model will be in place from the next year and this could be a much longer duration.”
Earlier this month, PCB had given a three-week deadline to all franchises to submit their long-awaited annual fee that they had refused to pay due to a disagreement over league’s financial model.
The current ceasefire between the franchises and the PCB brings an end to the standoff between the two sides over the payment of fees. The franchises have been upset with incurring consistent losses from the league. The PCB on its part had threatened severe action against the franchises in case the fee was not submitted by the given deadline.
A source claimed that the PCB had made significant promises to the franchise owners that led to the current ceasefire. The franchise owners are also confused about the workings of the league in case the officials of the PCB are changed in the future.
Board officials have confirmed that all decisions would be taken with the permission of the governing board so that no issues are faced in the future in this regard.
Multan Sultans with $6.5 million owed the biggest amount to the cricketing body, followed by Karachi Kings’ $2.6 million and Lahore Qalandars’ $2.5 million. Islamabad United and Peshawar Zalmi had to pay $1.5 million each while Quetta Gladiators owed PCB $1.1 million.