PSL franchises sue PCB over league’s financial model

The Pakistan Cricket Board (PCB) is once again in trouble after all six Pakistan Super League (PSL) franchises have decided to take legal action against the cricketing board. The PSL franchise owners are unhappy with PCB’s current financial model for the league. They feel that the current model favours the PCB over teams.

As per information available with SportsMint, the PSL franchises have filed a lawsuit against the PCB in the Lahore High Court in a bid to force the board to change the financial model of the T20 league.

PSL is one of the most popular franchise-based T20 leagues in the world. However, the franchises that are part of the league are not satisfied with the generated revenues. The teams have reportedly recorded losses for many seasons.

According to ESPN Cricinfo, the petition filed by PSL teams urges PCB to formally redress the grievances of all franchises and revise the model of the tournament in accordance with its statutory mandate and make it financially viable.

Earlier in August this year, the PSL franchises had jointly written a letter to the PCB to make amendments to the tournament’s model. PCB had responded by stating that all those teams that have fulfilled their financial obligations will be invited to discuss the issues.

Karachi Kings, Lahore Qalandars, and Multan Sultans failed to fulfill the financial obligations on time, so they were excluded from the negotiating table by PCB in August.

The 2020 PSL season was interrupted by the COVID-19 pandemic in March. The remaining four games of the PSL 2020 tournament are now scheduled to be played in November at the Gadaffi Stadium in Lahore.

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