ISLAMABAD – Pakistan Cricket Board and Pakistan Super League Franchiseslock horn ahead of 5th edition of PSL.
The Pakistan Cricket Board (PCB) and Pakistan Super League (PSL) franchisesare at a standstill ahead of next edition of the PSL.
The PCB is demanding bank guarantees from the PSL franchises whereas thefranchise owners are still waiting for the board to finalize the PSL 4financial report.
The board claims that despite several strong-worded letters, no franchisehas completed the task of depositing their bank guarantee.
An email sent by the PCB read: The failure of sending bank guarantees tothe PCB by the franchises will have serious implications on the draftprocess which will not be hosted as per schedule. All franchises areinstructed to send bank guarantees within a 10 day period. Failure to do sowould result in action being taken.
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On the other hand, the franchises should have received their shares for thelatest PSL edition but that has not been the case.
The duty to address and resolve the issues between both parties wasassigned to Director Commercial Babar Hamid. But he has failed to come upwith a solution to satisfy both parties.
The dispute has been dragged and has hurt the relationship of franchiseowners with the PCB and it is an alarming situation. According to experts,the matter needs to be delt quickly before irreparable damage is caused.
