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HomeCricket NewsPCB in trouble after franchises seek legal action over financial model

PCB in trouble after franchises seek legal action over financial model

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Pakistan Super League is slated to kick off in November but the franchises are fumed towards the Pakistan Cricket Board (PCB). Apparently, the franchises had collectively solicited the PCB to change the financial model of the tournament.

The PCB has been overlooking their demand ever since the first season of the tournament. Now the franchises have taken the legal turn as they filed a lawsuit against the PCB in the Lahore High Court.

As per the lawsuit, the franchises have incurred huge losses in the tournament while the PCB gained massive profit. The petition that the franchises have submitted asks the court to instruct the PCB to

As per the lawsuit, the franchises have incurred huge losses in the tournament while the PCB gained massive profit. The petition that the franchises have submitted asks the court to instruct the PCB to “formally redress the grievances of all franchises” and “revise the model of PSL in accordance with its statutory mandate and make it financially viable”.

Last week, the PCB had terminated the contract with the league’s broadcasters and also cancelled the international broadcasting rights.

“The PCB is surprised to hear that the franchisees have opted to take a legal route despite our recent invites on two separate occasions to discuss the financial model in good faith and as part of our relationship building,” the PCB told ESPNcricinfo.

The losses of the PSL franchises are clear especially after the Islamabad United owners wished to sell the team and also furloughed all its employees.

Four matches of the PSL four is due to take place in November this year but all the matches will be payed behind closed doors.

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