Pakistan Super League (PSL) franchises are unhappy with Pakistan Cricket Board (PCB)’s share in the revenue generated from sponsorship and broadcasting deals.
According to Daily Express, the franchises are unhappy with board’s 50 per cent share in the sponsorship deal and have decided to raise the issue in the upcoming governing council’s meeting in Islamabad on November 21.
The franchises don’t have any other substantial source of income so they rely heavily on the revenue from sponsorship and broadcasting deals.
The board had recently signed a title sponsorship deal of $14.30 million USD for next three editions of PSL in which both —franchises and the PCB — will share 50 per cent each.
A few officials of the board in an unofficial meeting with the owners have already assured to review their concerns in the meeting, the report further suggested.
Furthermore, franchises are also expected to face a cut in broadcasting deal share — which is currently at 80 per cent. The broadcasting rights tender will open later this month.