The Pakistan Cricket Board is facing mounting financial pressure as it recovers billions in unpaid dues from various stakeholders, even Pakistan Super League According to a PTI report, push for your pending revenue shares. The board has reportedly issued legal notices to several entities, including PSL teams, broadcast partners and commercial associates, asking them to clear outstanding payments or risk dire consequences such as contract termination. The move comes at a time when the PCB is trying to stabilize its finances amid delays in incoming funds. “Initially, certain default franchises of Pakistan Notices were also sent to the Super League asking them to pay their outstanding annual fees or face action. A PCB source told PTI that these franchisees have now cleared their dues but have also asked the board to clear its share from the central pool for pending franchises since 2010. The situation appears to be a two-way stalemate. Franchisees have started settling their own dues, they have also raised concerns about payments owed to them by the board. According to the report, one team flagged that it did not get its full entitlement of about PKR 96 crore (Rs 32.74 crore) from the central revenue pool for the 10th edition of the league. In response, the PCB has maintained that it cannot release pending payments until it receives funds from its contractual partners. The delay has created a backlash, with the board still owing some franchisees between Rs 40 and 45 crore from last year’s central pool allocation. A large part of the financial stress comes from key rights holders. According to the report, the biggest defaulter is the company that acquired the broadcast, media and commercial rights PSL Along with international cricket, but has yet to pay dues of around Rs 4.5 billion after claiming huge losses. “Due to this, the board has not been able to keep its financial records up-to-date and audit its accounts,” the source added. The ongoing controversy highlights a wider financial hoax within the PSL ecosystem, with payments stuck at multiple levels. While the PCB is pressing to recover its dues, the franchises continue to wait for their rightful share, putting the league’s finances under significant pressure.
