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USD 2.6 Million profit from PSL: PCB

PSL
Players from the Islamabad United team celebrate winning the final of the Pakistan Super League against Quetta Gladiators at the Dubai cricket stadium on February 23, 2016. (Photo by STRINGER/AFP/Getty Images)

The Pakistan Cricket Board (PCB) recently announced a net profit of $2.6 Million, approximately 260 million rupees, from the inaugural edition of the Pakistan Super League (PSL).

When seen on the larger scale, the profits came down since PCB had to distribute around 200 million rupees to the 5 franchises to cover up for their losses. The PSL Chairman, Mr. Najam Sethi was, however, happy with the overall outcome and the profits from the inaugural edition of PSL.

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Najam Sethi said that the board did not expect the tournament to be a profitable one and hence whatever profit has come their way is acceptable. “But we have managed to make an overall profit of USD 2.6 million from the country’s first ever Twenty20 league which is a healthy and encouraging sign for us,” Sethi told the media in Lahore.

“Overall the PSL was a bigger success than we initially expected and the profit is a welcome sign,” Sethi said. He further added that  around USD 6 million were earned from television rights and gate money.

The tournament was a big hit among the fans and despite not being held in the country, it garnered a lot of attention. The tournament took place in the UAE. It saw record television viewership figures worldwide as the PCB adopted the strategy of producing and broadcasting the league itself and aired it simultaneously on three sports channels after buying airtime from them.

The 5-team competition took place earlier this year in the month of February with the Islamabad United winning the coveted trophy. Islamabad United was led by the Pakistan Test skipper Misbah-ul-Haq.

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