The Pakistan Cricket Board (PCB) has engaged Ernst & Young (EY) to assess the valuation of Pakistan Super League (PSL) franchises. The firm’s report will help determine revised fees, along with other key terms for existing teams.

 

The PSL has reached its 10-year milestone, and the board will now renew all franchise agreements. PCB officials expect at least a 25 percent increase in the current franchise fees.

 

According to media reports, the PCB recently invited bids for an audit firm and received a proposal from EY, which has now taken up the task. The firm will begin work next month and complete the audit within six weeks before submitting its report.

 

EY will collect financial data from franchises and the PCB. While franchises are not legally bound to share their account details, their refusal could lead the firm to rely on its own estimates, which may hurt the teams financially.

 

Although franchises are required to submit annual accounts to the PCB, most rarely comply.

 

The PCB plans to finalise revised fees for existing teams and set prices for two additional franchises after receiving the report in October.

 

Under Salman Naseer’s leadership, league operations have slowed. The board has yet to finalise new commercial deals, form a proper working team, or deliver on its promise to announce dates for the 11th edition.