Against PCB PSL Franchises Go to Court
Against PCB PSL Franchises Go to Court
Pakistan Super League (PSL) franchises have moved to the Lahore High Court (LHC) against the Pakistan Cricket Board (PCB), attempting alteration in the current economic model of the league.
The PSL teams decided to lodge the case after reportedly undergoing huge losses since the beginning of the league due to the ‘faulty’ commercial model.
Franchises believe that Pakistan’s biggest sporting event, PSL, makes the cricket board richer every year, but they undergo losses.
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The franchises have hired esteemed advocates, Ahmer Bilal Soofi and Salman Akram Raja, to file the petition. The plaintiffs have demanded the court to direct the PCB to redress their objections, and “revise the model of PSL under its statutory mandate and make it financially viable.”
The development came a day after the PCB demanded financial guarantees by September 25 for PSL 6. However, franchises opposed to the move, saying that the lack of faith from the board is disheartening.
PSL franchise owners had also declared concerns last year, contending that the PCB should trust them with satisfying the economic obligations for the league. The board had agreed to do away with the requirement for the fifth season and accepted post-dated cheques from the teams. However, two franchises reportedly failed to clear their dues, prompting the board to re-introduce financial guarantees.
The teams are confident that the court will decide the case in their favor.
Note that the knockout stage of PSL 2020, delayed due to the COVID-19 pandemic, will now be played between November 14 and 17, at Gaddafi Stadium, Lahore.
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