Pakistan Cricket Board (PCB) has sent a reminder to all Pakistan SuperLeague (PSL) franchises to pay their fees within the given deadline. PCBand PSL franchises have had a strained relationship as the franchises haveclaimed that PCB has not taken adequate steps to ensure that the franchisesdo not suffer losses.——————————
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PCB has warned the franchises of serious action against them if they failto pay their fees on time. The deadline for the fee submission is 21January. If the franchises fail to pay the fee by the deadline, PCB has theright to terminate their contracts.
According to sources, the franchises are likely to pay their fees withinthe deadline.
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Every franchise has suffered massive losses since the inception of PSL.They have made several complaints to the PCB and have asked them to takesteps to resolve the issue.——————————
After the matter moved to the court, PCB made an effort to solve theproblem by agreeing to develop a new financial model for the franchises. Itis rumored that the franchises are waiting for the draft of the newfinancial model before paying their respective fees. Further developmentsregarding the matter are expected in the coming week.
