PCB Threatens To Terminate Contracts Of PSL Franchises

 PCB Threatens To Terminate Contracts Of PSL Franchises

Pakistan Cricket Board has issued one last final warning to the franchises of Pakistan Super League (PSL) over non-payment of dues. 

The PCB and PSL franchises have been at loggerheads for a long time over the financial model. The matter was taken to court, but after negotiations the franchises withdrew their cases. On December 2, two proposed financial models were sent to the franchises, which were further discussed. On December 30, the cricket board sent the third and final model.

Owners were told to either accept or reject the model before January 6 but there wouldn’t be any further negotiations. Furthermore, demand for the fee of the sixth edition has been made long ago. 

Due to the financial troubles caused by the Covid-19, PSL franchises are reluctant to pay the dues. When the franchises asked not to take the fee as long as talks are going on, PCB made its position clear. The Pakistan Cricket Board had told them that incase of an agreement over the financial model, its implementation wouldn’t be possible until 2022. This is why, they should fulfil their financial obligations. 

Sources said that the matter has now taken a serious turn. On Thursday, the board sent notices to all the teams, stating that if they do not fulfill their financial obligations within 21 days, the board has the right to cancel their contracts. The franchises are considering their next strategy, as per sources. 

Director Media PCB Sami ul Hassan Burney confirmed the issuance of the notice to the franchises. When asked if these were notices for cancellation of contracts, he declined, saying it was related to the payment of annual fees. It may be recalled that in November 2018, the PCB terminated the contract of the former owners of Multan Sultans for non-payment of dues.

Arsalan Khattak

https://thebetterpakistan.pk/

Founder @ThebetterPakistan

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