PSL9; A preliminary breakdown of profits and losses came out
According to sources, the franchises of United, Zalmi and Gladiators are expected to get profit (Photo: Express Web).
The preliminary details of the Pakistan Super League (PSL) ninth edition of the profit and loss have come to light.
According to Express News, the sources said that in total, more than 7 billion rupees will be collected in the central income pool, more than 98 crore rupees will come in the share of each franchise, however, players’ compensation, hotel stay, air ticketing etc. The expenses will be between 55 to 60 crore rupees, each team will have a separate calculation, after deducting the franchise fee, many teams will go into losses.
The franchise will also earn money from its sponsorship, at least 3 teams will make a profit while others including Multan Sultans will suffer a loss. Lahore Qalandars and Karachi Kings may also face losses, however Islamabad United, Quetta Gladiators and Peshawar Zalmi will gain.
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Due to rain in 2 matches in Rawalpindi and less crowd in Karachi, there was a loss of up to 17%, which amounts to 10 crore rupees. PCB is still awaiting dues from certain stakeholders, after which the accounts will be finalised.
According to the sources, 17% less money was received from ticketing this time, in this regard, there was a loss of about 10 crore rupees. Before the event, most of the franchises requested the PCB to start from Karachi and end in Lahore, but the authorities did not accept this, which later suffered.
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Learning from this bitter experience, a plan has been made to hold only 5 matches of the 10th edition in the National Stadium next year. This year, the salary of the players has also increased to 37 crore rupees due to the dollar.
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On the other hand, the PSL Governing Council meeting is expected this month itself, which will be chaired by Chairman PCB Mohsin Naqvi, on this occasion, decisions will be taken after discussing many important issues.
For more updates and exciting news, you can visit the ABC Express website.