Is there any Financial corruption going on in PSL ?

Discussion in 'Cricket Talk' started by Passionate Pakistani, Mar 6, 2018.

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  1. Passionate Pakistani
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    Passionate Pakistani The Don

    Jun 10, 2011
    60,411
    While we all are enjoying the league, have you guys noticed that there is no audit or financia reports of this league and we are already into the third year.

    Its mindblowing that how all this is run when we have literally no crowd and is watched only by Pakistani viewers (well mostly).

    They are yet to publish any financial report for first or second year that how much revenue we have generated and how it is distributed among all stakeholders and what are PCB expenses for running this league ?



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  2. Mohsin
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    Mohsin Cornered Tiger

    Feb 21, 2010
    10,406
    The league has been audited but its been done so by a local firm i think (as opposed to an international reputable firm).
     
  3. Del
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    Del Tracer Bullet

    Dec 21, 2016
    5,174
  4. s_h_a_f
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    s_h_a_f Tracer Bullet

    Dec 26, 2011
    5,645
  5. Del
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    Del Tracer Bullet

    Dec 21, 2016
    5,174
    I would still take it and wait until at least 2 complete seasons are held in PAK - so not judging and jumping guns based on these details, also don't forget these details are only based on 1st edition.
     
  6. Patriot
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    Patriot Sultan of Swing

    Oct 8, 2014
    16,791
    There's no business on this planet earth that doesn't have any type of corruption in it
     
  7. Red Devil
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    Red Devil Smooth Operator

    Dec 15, 2013
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  8. Don Quixote
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    Don Quixote Tracer Bullet

    Nov 13, 2015
    6,306
    I think PSL 3 wont be profitable at all, by looking at the crowds in UAE. This year's PSL has been one of the worst/boring T20 leagues ever.
     
  9. Munna
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    Munna Moderator-e-Aala

    Oct 4, 2014
    17,988
    Ticket sales hardly contribute these days for boards or teams earning any money and profits.

    iirc, 50% of ticket money goes to PCB and 50% is being shared by playing teams. However, in IPL, BCCI retains only 30% and the rest goes to teams.

    It is the sponsorships where they earn the major chunk of money and that's why you see all these marketing campaigns, team anthems, merchandise, brand ambassadors etc.
     
  10. chandtara
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    chandtara Mr Cricistan

    Jun 18, 2011
    35,319
    Losing sponsors, PSL franchises are fuming

    DUBAI: Just three-years old, the HBL Pakistan Super League has already established itself as one of the biggest brands to come out of the country.

    But despite its initial success, the T20 league continues to face stumbling blocks.And one of the biggest losers are the six franchises.

    Sources in various PSL franchises told ‘The News’ that all the six teams have been losing money since the initiation of the league back in 2016.

    “Not a single of the franchises is breaking even,” a well-placed source said.

    Despite suffering from financial losses, the franchises have been fully backing the Pakistan Cricket Board (PCB) in its campaign to turn PSL into one of the best T20 leagues in the world.

    However, there is one reason why many of the franchise owners are fuming. They believe that instead of supporting them, PCB is, directly or indirectly, robbing it of sponsors.

    “We are all fully backing PCB because we own PSL and want to make it the best T20 league in the world,” said one franchise owner. “But the Board will have to rethink its marketing strategy. It will have to treat the franchises as major stakeholders but unfortunately some of their policies are having adverse effects on the finances of the franchises,” he added.

    The single biggest lament of some of the franchises is that the PCB has given a too much of a freehand to its marketing partners Transmedia.

    “They (Transmedia) are dealing fatal blows to some of the franchises by luring away their sponsors. This practice should be stopped. The franchises are already struggling because so far PSL has not been a money-making business for them.“

    The Board should ask its marketing partners to find their own sponsors instead of poaching on sponsors that are associated with the franchises,” an official of one of the franchises told ‘The News’.

    According to a senior official of one of the PSL franchises, Transmedia has succeeded in luring away sponsors from them because it was in a position to give them a better deal because it had PCB’s backing.

    “The thing is that anyone working on behalf of the PCB can offer sponsors better deals. But you cannot go and make a pitch to a company that is already associated with a (PSL) franchise. They should find new sponsors for the Board instead of luring away companies associated with the franchises. This practice should be stopped,” he said.

    According to sources, the issue was also raised in a meeting between the six franchise owners and Najam Sethi, the PCB chairman, at the Inter-continental in Dubai Festival City.

    The franchise owners demanded that the PCB should make things more transparent and allow the franchises to be a part of the process through which it will sell title and broadcast rights for future editions of the league including PSL 4 in 2019.

    “HBL’s title sponsorship was for three years which means that PCB will be signing up a new title sponsor. It is expecting to get a sum that is at least three times more than the previous deal with HBL,” said a source.

    “The franchise owners want to be in the loop when the PSL rights are sold. They want in and the PCB has assured them that it will find a way,” another well-placed source disclosed.

    https://www.thenews.com.pk/latest/291477-losing-sponsors-psl-franchises-are-fuming
     

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