PCB set to face huge losses over PTV Sports withdrawal from the bidding process
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Pakistan Cricket Board (PCB) will be paying Rs. 90 million extra following Pakistan Television (PTV) Sports’ withdrawal from the bidding process for the production rights of Pakistan’s international home series and domestic tournaments.
After the withdrawal, a consortium of New Delhi-based SportzWorkz and UAE-based Tower Sports won the production rights for the 33 matches of the National T20 Cup, 11 matches of the Quaid-e-Azam Trophy, and a series of 3 ODIs and 3 T20Is between Pakistan and Zimbabwe.
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According to details, a consortium of PTV Sports and Dubai-based IPG had made the lowest bid of Rs. 270 million in the request for proposal (RFP) process that involved PCB’s pre-qualified production partners.
Whereas, the second-lowest bid of Rs. 359 million was made by the consortium of SportzWorkz and Tower Sports, which ultimately turned out to be the successful bid.
As a result of PTV Sports pulling out of the bidding process, PCB will be paying Rs. 359 million to outsource the production of Pakistan’s international home series and domestic tournaments, almost Rs. 90 million more than the lowest bid of Rs. 270 million made by the state-run broadcaster.
PCB could have saved Rs. 90 million had PTV Sports not withdrawn despite making the lowest bid.
