PCB to share its profit with PSL franchises to compensate their loss

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Najam Sethi, the Chairman of PSL announced on Tuesday that the Pakistan Cricket Board has earned an overall profit of $2.6 million from the inaugural season of the Pakistan Super League.

Sethi announced that the board is ready to reduce their profit to just $0.6 million and share the $2 million with the franchises as they have suffered some losses.

Najam Sethi revealed during a press conference that revenue of around $6 million was made by television rights and gate money.

The first edition of the PSL was won by Islamabad United defeating Quetta Gladiators in the final. The Pakistan Super League’s TRP was as high as 67% and a huge number of viewers made their way towards online streaming.

The first edition of the PSL was indeed a success. International stars like Chris Gayle, Darren Sammy, Shane Watson, Brad Haddin, Shakib Al Hasan and many others made the tournament a blockbuster hit around the globe.

Najam Sethi said that there is a huge pressure of including the sixth team in second edition of the tournament. But, according to a contract, sixth team cannot be inducted in the tournament before 2018. Despite of that, Sethi is mulling over adding another team in the next season of the PSL.

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