LAHORE, June 1: Two Pakistan Super League (PSL) franchises remain the defaulters of around US$1million to the Pakistan Cricket Board (PCB) despite the fourth edition concluding in March, Dawn learnt on Friday.
In fact, the PCB has compromised with the defaulters by signing an agreement, allowing the PCB to adjust the dues from the franchises’ income from the central pool of revenue. It is the first time that such an agreement was signed with the defaulters.
According to the rules of the PSL, the entire income of the league has to go into the central pool of revenue to be distributed later equally among all the six franchises. As the accounts of the league are yet to be finalised no one can guarantee when these dues will be settled down.
Sources said though all the six franchises had deposited their annual fees, the dispute with the two franchises is over the additional expense which the PCB had made on their behalf like logistics and travelling.
Moreover, sources said though the dues of one of the defaulters may be recovered from central pool’s income, the dues of the second one are slightly bigger.
However, the defaulter, sources said had assured the PCB for clearing all the dues.
It may be mentioned here that almost all the six franchises were defaulters just 15 days before the start of the fourth edition on Feb 22.
The PCB’s leniency towards the PSL franchises is in stark contrast to the past. In 2016, one franchise remained defaulters almost seven months before the start of the second PSL.
But then PCB management issued a strong warning, setting a deadline for July 31 to clear the dues or face being replaced by another team.
