Pakistan Cricket Board (PCB) and the Pakistan Super League (PSL) franchisesare very close to an agreement on a new financial package that isconsidered as the win-win situation for both parties.
Reports are coming that, following reluctance shown by some of the PSLfranchise to submit annual fee, both parties had in detailed meeting onMonday and have almost agreed to a new financial package.
All PSL franchise owners barring Ali Naqvi (Islamabad United) and NadeemUmar (Quetta Gladiators) joined in the meeting with PCB Chairman Ehsan Mani.
One of the franchise owners said,
Read Top Stories
“We believe that a new financial package offered by the PCB is a good oneand is aimed at settling the dispute. We have agreed on this package whichwill be a sort of pact spreading over the next 50 years. In a broadersense, I think it is a win-win situation for both as the franchises willhave a less share of the profit, with the PCB promising to wave off theannual fee,”
He said that though the deal has yet to be finalized, the financial packagethat was offered by the PCB in a meeting was a same one. “Though you neverknow what is in store next, we have agreed to a new package offered by thePCB during the meeting. Hopefully, the official announcement would come ina few days’ time.”
