Reports: PCB Trying To Convince PSL Franchise Owners To Take Back The Petition Lodged Against The League's Financial Model

The Pakistan Cricket Board (PCB) has landed in yet another fresh controversy concerning the Pakistan Super League (PSL). The PCB is in the process of convincing the six franchises of the Pakistan Super League to withdraw their petition against the financial model of the tournament. The franchises have lodged the same against the board with the Lahore High Court.

Also Read: Batsmen With Most Number Of Fifties Within 25 Balls In IPL

The owners of Lahore Qalanders, Quetta Gladiators, Multan Sultans, Karachi Kings, Peshawar Zalmi, and Islamabad United have joined hands to file a petition in the court. It includes a statement that they have lost a massive amount since the inception of the tournament, owing to the lack of a feasible financial model. According to the owners, the system highly favours the PCB, which has earned plenty of money in the last five years even as they have suffered losses.

The PSL came into being in September 2015 and the inaugural edition took place a year later. A trusted source pointed out that the PCB understands the magnitude of the situation as the PSL has etched itself as one of the most successful brands. The prevailing economic conditions in the nation will not allow the sale of the franchises easily. Hence, the board is attempting to resolve it outside the court.

“The PCB realizes the gravity of the situation as the PSL is one of its most successful brands and due to the existing economic conditions in Pakistan and globally, it would not be easy for sale of the franchises if the situation got out of control,” the source said as quoted by Hindustan Times.

PCB also resorting to outside channels to resolve the dispute:

The preliminary hearing took place last week wherein the PCB’s legal team opted for a strong stance on the petition lodged by the owners. The owners of the franchises are mainly unhappy with the failure to change the financial model despite repeated assurances.

The judge, who will sit for a hearing again on Wednesday, has asked PCB to submit a comprehensive response to the petition. The source also claimed that PCB is utilizing some outside references to convince the franchise owners and the board is wanting to address their complaints calmly.

“Outside channels are being used to convince the franchise owners to withdraw their petition and assurances have also been given to them that the board is willing to sit down with them and address their grievances,” the source added.

Also Read: IPL 2020 Sponsors Dream 11 Face Setback As Andhra Pradesh Bans Online Games Involving Money