PSL franchises, which are suffering from continuous financial losses, respond strongly to the PCB.

Lahore (5-Aug-2020) PSL franchises, suffering from continuous financial losses, refused to break the "alliance" and gave a strong response to the PCB. The franchises had sent a strong e-mail to the board on July 28 to protest the scheduled last-minute postponement of the scheduled governing council meeting, in response to which the PCB wrote that the three teams We have completed our financial obligations and submitted the necessary documents. Now we will proceed with them. Representatives of non-paying teams will no longer be part of any negotiations nor will they be given a chance to benefit from a positive decision.

The letter further stated that the tone of the previous e-mail of the board and the attached documents were unprofessional, making it clear that the PCB refused to understand the seriousness of the matter while denying our losses. Yes, many times in 5 years the management of the board told us that when the league moved to Pakistan it would be financially beneficial for all, we relied on it and continued to invest in PSL, meanwhile, We have suffered huge losses but the PCB has been making good money from the league. The previous editions, especially the PSL 5 calculations, reflect the fact that the league is not viable under the current model despite the full event being represented in the country. We, therefore, call for an immediate review of the financial and ownership model, which is of immediate importance and requires the immediate attention of the Chairman and CEO without delay.

The franchisees, refraining from breaking their alliance, sent a reply to the board, stating in a joint letter that they had spent millions of dollars to make PSL the largest brand in Pakistan and were still suffering losses. Yes, but the PCB makes a good profit on our investment, not all 6 franchises are satisfied with the financial model of the league and want an immediate change.