PCB earns Rs2 billion from PSL 7

The Pakistan Cricket Board (PCB) announced on Friday that the seventh edition of the Pakistan Super League (PSL) brought it a net profit of almost Rs2 billion. After experiencing losses in previous seasons owing to Covid-19, PCB claimed that all six franchises must have generated a profit.

Franchises are also expected to receive a significant portion of the funds. According to estimates, the Pakistan Cricket Board’s financial reserves have increased from Rs12 billion to Rs15 billion in the last year.

As per a report, in the fifth and sixth editions of the Pakistan Super League, PCB lost Rs700 million. However, PCB spared the franchises the cost of paying Rs1 billion on their own.

As it prepares to unveil the new centrally contracted list, the board will also raise the remuneration of the players. The new agreements will be in effect from July 1, 2022, to June 30, 2023.