PSL 5, shattered dream of huge profits.

Lahore (4-Aug-2020) Dreams of huge profits from PSL 5 began to be shattered, the franchisees were extremely disappointed to see the unaudited initial accounts sent by the board. The fifth edition of the Pakistan Super League was held at home grounds this year. The event was stopped after 30 matches due to Corona. Although the board wants to hold the remaining four matches, it does not seem possible.

The cricket board has been reassuring the franchises, which have always been crying out for financial losses, that a full return to the league would be all right, but they were disappointed to see the unaudited initial accounts, according to Central Pool. Each franchisee will get a little more than Rs 25, 25 crores, which is Rs 3 crore less than last year.

Players' match fees, daily allowances, travel and accommodation expenses are paid by the PCB itself, so the franchisees will either not get any money or will come in very small portions, some may even have to pay. Yes, they have to pay a franchise fee to the board every year. The income from their sponsorship and other sources is not very high. In that sense, very few franchisees will benefit.

Disputes with some key stakeholders and other issues will also delay the receipt of some funds to the Board. The event generated total revenue of Rs. 2,167,794,749, of which PCB contributed Rs. 627,612,185 and The share of 6 franchises were Rs 1.54 billion 1 lakh 82 thousand 564, the share of one team was Rs 25 crore 66 lakh 97 thousand 94. According to the Central Pool, the matches received Rs. 362.036 million from the spectators. In terms of 30%, the share of PCB was Rs. 108.61 million. The franchises earned Rs. 253.425 million.

TV Broadcast Rights (Pakistan) received Rs. 1,137,011,806 while abroad Rs. 206,285,294. The 5% share of the PCB was 56,850,590 (Pakistan) and 1,314,265. The share of franchises will be Rs 1.81 billion (Pakistan) and Rs 195.971 million. Out of Rs 68.43 million 680 of Central Studio, half of Rs 34.21 million will be paid by PCBs and franchisees.

The production of the matches cost Rs. 864,025,440, 5% will be provided by 4,32,1272 boards while the remaining 82,824,168 will be provided by franchisees. In this regard, the total revenue of broadcasting was Rs. The cricket board will get Rs 1,238,257 while the franchisees will get Rs 421,162,377. The Rs. 483,823,529 received from the title sponsorship will be distributed in half, the 40% share of the board will be Rs. 193,529,412 while the franchises will get Rs. 292,94,117.

Gold sponsorship rights amounted to Rs. 152,08,363 while silver rights amounted to Rs. 133,820,037. The 40 per cent share (gold) of the board is 683,345 and 53,528,015 (silver), the franchisees will get 91,25,018 (gold) and 82,92,022 (silver). The umpires sponsorship rights will come to Rs 54,033,266, the 40 per cent share of the board will come to Rs 2,16,13,306 while the franchises will come to Rs 32,419,960.