PCB to make PSL a separate company; will run independently

The Pakistan Cricket Board (PCB) has revealed major steps taken to separate the Pakistan Super League (PSL) from its operations, aiming to make the country’s premier cricketing league a private company that will run independently.

In a recent talk with journalists, PSL Chief Commercial Officer (COO) Salman Naseer revealed the paperwork to register the league as Pakistan Super League Private Limited was now complete and a formal announcement will be made after the ongoing tenth edition of the PSL.

The idea of making PSL a separate company has been around for a long time. Back in November 2016, the PCB’s board approved the move when Najam Sethi was the PSL chairman. The plan was to give the league its own governing board and allow it to work independently. However, it faced many delays due to legal and administrative issues. There was also resistance from the Securities and Exchange Commission of Pakistan (SECP) and concerns about PCB officials being involved in a private company.

Now, after years of waiting, the PCB has moved forward. Making the PSL a separate company is expected to improve how it operates and help attract private investors. However, some important details — like how revenue will be shared and who will make the big decisions — have not yet been shared.

PSL franchise owners, on the other hand, are hopeful but cautious as they have been asking for a clearer financial system for a long time.

More information is expected to come after the current season ends on May 18.