The Pakistan Cricket Board (PCB) has made a bumper profit of more than 5 billion Pakistani rupees from the eighth (PSL 8) edition of this year’s Pakistan Super League.
The Pakistan Cricket Board (PCB) has made a bumper profit of more than 5 billion Pakistani rupees from the eighth (PSL 8) edition of this year’s Pakistan Super League. In fact, the Pakistan Cricket Board (PCB) has a ‘5-95’ profit sharing formula with the franchises. Which means PCB (Pakistan Cricket Board) and six franchises will get 5% and 95% share respectively.
Explain that, revenue is earned from broadcasting, title sponsorship, gate money and other rights. The unaudited details of the Central Pool have come to the fore.
As per the details available with the Cricket Pakistan representative, the total revenue from the event stood at Rs 5.62 billion. PCB’s share from this figure is Rs 582,534,480 while the total franchise’s share is Rs 5,046,776,989.
more profit than last season
Also, when divided among the six franchises participating in the PSL, each team is entitled to a share of approximately Rs 841,129,498. The earning of PSL 8 has increased significantly as compared to the previous season. Which resulted in a profit of PKR 2.3 billion.
One of the major contributors to the PSL’s revenue stream is television broadcasting deals, which include both domestic and international markets. Broadcast rights have proven to be an attractive aspect of the tournament’s financial success. The revenue from TV broadcast rights from Pakistan was Rs 2,175,393,394 while that from other countries was Rs 402,824,378.
Despite bearing production costs and paying an annual franchise fee, most franchisees expect to turn a profit this year. The franchise also gets a chance to earn a substantial amount of money through its sponsorship deals with other brands. However, Multan Sultans may have to bear losses for the next one year due to their high franchise fee.
PCB earns billions of rupees through franchise fees from PSL. The franchisees are not satisfied with the accounts and have raised objections on certain things including ticketing.