PCB failed to provide franchise owners a sustainable financial model.

After PSL getting postponed due to COVID-19 the PCB (Pakistan Cricket Board) have decided to conduct the remaining knockout matches of the PSL in November this year, but before the PCB could get into the arrangement of the leagues remaining matches, all the PSL franchise owners did something controversial which was according to them was a fruitful decision for the sake of the league.

All the PSL franchise owners had filed a case against PCB, in which they demanded PCB to resolve their concerns and matters upon which the board did not really showed any interest at all. After the petition filed in LHC (Lahore High Court), the news broke the internet and the PCB finally step into the matter to be resolved privately rather than discussing it in court. The PCB requested both LHC and franchise owners to withdraw the petition, to which they agreed and then the PCB have asked all the franchise owners to come over to PCB high performance center to discuss and resolve the matter internally.

All the PSL's franchise owners were asked to deposit bank guarantee money to PCB by sept 26th, while the franchise owners showed reluctance by making an argument that since the leagues 5th editions matches are yet to be conducted and the accounts of the 5th edition league are still incomplete, therefore it is unfair that we deposit bank guarantee money. The all franchise owners of the PSL have also demanded that the PCB must introduce a new model which will benefit both the PCB and franchise owners.

Today as of OCT 8th 2020 the meeting was held in PCB high performance center where the representatives of Lahore and Multan were present while the other franchise owner took part in the meeting through video link, the discussion went very smoothly and PCB manages to resolve many concerns of the franchise owners, and they are looking forward for the remaining matches of the league.

PCB are looking forward for the remaining matches, and they believe that everything will happen smoothly.

Thank You,
Regards,
Usama Khan.