PSL Faces Billions in Losses Due to Unilateral Change in Profit Sharing Ratio

Islamabad: The Pakistan Cricket Board (PCB) has suffered a loss of billions of rupees due to an unauthorized change in the profit-sharing ratio with the Pakistan Super League (PSL) franchises, according to recent revelations.
During a meeting of the Public Accounts Committee (PAC) subcommittee, it was disclosed that the PCB incurred a financial loss of approximately 1.63 billion rupees following a change in the profit-sharing ratio between the league’s administration and the franchises.
According to PCB officials, the profit-sharing ratio had been adjusted during the COVID-19 pandemic to support the franchises. However, they clarified that any alteration to the profit ratio required a suspension of existing contracts with the franchises.
The PAC subcommittee has directed the PCB to review and amend its regulations within the next 90 days to avoid such discrepancies in the future.