Champions Trophy did NOT cause financial loss to PCB

The Pakistan Cricket Board (PCB) has reportedly not incurred any financial loss in hosting the Champions Trophy, as all tournament expenses were covered by the International Cricket Council (ICC).

According to reports, the ICC allocated a budget of $70 million for the Champions Trophy, from which all expenditures were managed. The PCB received a $6 million hosting fee, a standard amount given to every host country. This fee is not used to cover any expenses, ensuring that the host nation benefits financially.

Additionally, gate money from ticket sales will also go to the PCB, but the final amount is yet to be determined.

Reports further revealed that the issue of hosting five matches in Dubai is still under discussion. Once all matters are settled, the PCB will have complete finances concerning its earnings from the event.

Regarding stadium upgrades, the PCB itself recognised the need for improvements before hosting the Champions Trophy. Given that this is the first ICC event in Pakistan after 29 years, the board decided to upgrade the stadiums accordingly. The PCB Governing Board approved the budget for these upgrades, ensuring that facilities met international standards.

With all financial aspects still being finalised, the PCB is expected to evaluate the overall financial impact of the tournament once all revenues and expenses are accounted for.