LAHORE: According to a spokesperson, the seventh edition of the Pakistan Super League (PSL) added Rs2 billion to the Pakistan Cricket Board’s reserves.
A 77% surge in partnership rights for bilateral Home Series for 22-23 season is great news for Pak Ckt. Our reserves are at an historic high! We will use part of those funds to develop infrastructure for fans. As a first, Khi and Pindi stadiums will have state of the art chairs. Ramiz Raja in his Twitter
The previous season, which ended earlier this year, was the first in PSL history to be entirely hosted in Pakistan, with games held in Karachi and Lahore.
According to the official, the pandemic cost the PCB Rs700 million because it had to pay the six franchises Rs1 billion to relocate to the United Arab Emirates after the tournaments were cancelled due to disruptions.
However, the PCB’s reserves have increased to Rs15 billion as a result of the current influx, indicating a “healthy financial condition,” according to a board official.
He stated that the next edition of the PSL will take place in four cities: Karachi, Lahore, Multan, and Rawalpindi.
Despite its strong financial position, the PCB has decided not to raise the retirement pension for cricketers this year. The most recent increase took place in 2019.
According to the spokesperson, annual pension increases were not part of the board’s policy, and the situation was “under review.”
During Shaharyar Khan’s presidency, the PCB began rewarding retiring players on a monthly basis in 2004-05. The monthly pension ranges from Rs42,000 to Rs55,000. The proposal has been pending for 18 years.
Some former cricketers are in financial difficulty because they played during a period when the sport was not as profitable as it is now.
According to the spokesperson, player pay under central contracts will be increased for fiscal year 2022-23, as will the number of contracted players.
He also stated that two separate central contracts for white-ball and Test players are being considered. “Discussions are underway about signing more than 20 players in the coming fiscal year,” he said.
A fund to compensate players who miss league cricket opportunities for national duty is also being considered, according to the spokesperson.