PSL franchises accept PCB’s offer of new financial model

News

This development brings to an end a long-running stand-off between the board and the franchises

The PCB and the PSL franchises have agreed on a new financial model for the league, bringing to an end a long-running stand-off which, at times, has threatened the existence of the league as it stands. The PCB had presented a final offer of a new model at last month’s PSL governing council meeting, which included giving the six franchises a greater share of the central revenue pool, financial relief for the Covid-hit seasons five and six, as well as fixing a USD dollar-Pakistan rupee exchange rate for all future payments.

(With Inputs from ESPN)

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